Attacks by hamas gunmen took place. 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 big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
Hello, i m lucy hockings, welcome to Bbc News now. Memorial events are taking place in israel and Around The World to mark one year since the attacks of October The 7th, the deadliest day in the nations history. Nearly 1200 people were killed and hundreds more taken hostage when hamas gunmen stormed across the border. In a moment, well go to Southern Israel and our chief international correspondent lyse doucet, who is at kibbutz be eri, where one in ten of the residents were killed by hamas. And to Anna Foster In Beirut, which has seen fresh israeli strikes overnight and into this morning. But first lets turn to todays events. At exactly 6. 29 this morning flags were lowered to Half Mast outside the knesset. That was the time when rockets from gaza started raining down on Southern Israel, followed by the deadly rampage by thousands of hamas led militants on israeli communities, Army Bases and the nova music festival. At the festival site, president Isaac Herzog this morning joined a me
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
Hello, im lucy hockings, welcome to Bbc News now. Memorial benson is your land around the world to mark one year since the attacks of october the 7th. The deadliest day in the nations history. 1200 people were killed. Gunmen stormed across the border. At exactly 6 29am flags were lowered to half mast. That was the time when rockets from gaza started raining down on Southern Israel followed by the deadly rampage by thousands of militants. Israeli communities, Army Bases and the festival. At the side with the festival was held the president joined a memorial service. Held the president joined a memorialservice. More held the president joined a memorial service. More than 350 people there were murdered as Gunmen Rampage four hours before israeli military reinforcements arrived. Meanwhile, the fighting which has raged almost unabated for a year continues. Prime Minister Netanyahu says israel is changing the Security Reality in the region. His forces have kept targeted beirut. Israel has al