By hamas gunmen took place just before 6 30 local time. More than 300 young people attending the festival were killed, others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the Global Impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A bigger concern is whether any escalation could rock the straits of hormuz, a major shipping channel. 0ne straits of hormuz, a major shipping channel. One third of Oil Tanker Traffic and a fifth of Lng And Gas passes through there. The Oil Markets are already reacting. The price of Br
Mentioned has been climbing, to more regionally what the impact has been. As we know from the international monetary fund, gutter has seen its gdp shrank almost 90 since the study of the conflict. In israel it is down around 20 to 25 . To talk more about israel and the economy. Jon medved is Chief Executive of the israeli Investment Firm Ourcrowd and joins us from jerusalem. Thank you for coming on the programme. As ijust mentioned, it has had a devastating impact on both the Gaza Economy and on israel. But you can talk more about the israeli perspective. What about the impact, what is it like being a Company Doing Business right there . It like being a Company Doing Business right there . Today is a very sad business right there . Today is a very sad day. Business right there . Today is a very sad day, all business right there . Today is a very sad day, all of business right there . Today is a very sad day, all of us business right there . Today is a very sad day, all of us have | a v
It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that w
Declining to endorse either candidate. Melania trump breaking from her husband by making her support for Abortion Rights public. The timing of her announcement raising questions as former President Trump prepares to head back to butler, pennsylvania, this weekend, the site of the first attempt on his life. Live to israel as The Middle East braces for Potential Retaliation by the netanyahu government against iran and ahead of the first anniversary of the act 7th terror attacks. Good day, everyone. Im Andrea Mitchell. Economy and the inflation the top issue for voters. A nearly perfect Jobs Report blowing past all expectations. Heading into the final weeks of the campaign, the Labor Department reporting employers added more than a quart billion jobs. That drives the Unemployment Rate down to 4. 1 . Harris Targets Union voters today. Those are critical in battleground michigan. The campaign has been having Labor Pains after the Firefighters Union, perhaps joe bide n bidens most stallworth
About whether or not they would be an improvement on retirement benefits they were offered in healthcare but perhaps, biggest healthcare but perhaps, biggest issue of all was healthcare but perhaps, biggest issue of all was automation. When i was at the picket line earlier this week at the port of newark, one of the busiest on the east coast, there were lots of signs, people say automation doesn t feed families, a lot of anger and concern but essentially the advanced technology would replace them and theirjobs. And that was what they saw this five primarily being about so the question is, will they be any progress between now and january 15? are reached out to the union but haven t heard back. As a kind of what they ve been any movement on this key issue. The strike carried out for two three days, is a way of knowing how much that course? at of knowing how much that course? , ,. , ,. , of knowing how much that course? ,. , course? at this point, some of the damage course? at th