in the past 2a hours. and in tel aviv on saturday evening, thousands gathered demanding a deal to secure the release of the remaining hostages held by hamas since the 7 october attacks. our correspondent hugo bachega is injerusalem and gave us this update. this is the deadliest incident involving the israeli military since january and one of the deadliest in this war. so the military gave some details about what happened earlier today. it said these soldiers were members of an engineering unit and their armoured vehicle was hit by a large explosion. and this explosion then triggered the detonation of explosive material, engineering material in the car. so this is under investigation. apparently, this was in breach of the standard practice, and an investigation continues. but daniel hagari, a military spokesman, said that this initial explosion was most likely caused by an explosive device in the area or by an anti tank missile. and we know that earlier today, the armed wing o
meanwhile, world leaders from some 100 countries are in switzerland this weekend, by invitation of president volodymyr zelensky, to discuss how to bring an end to the war in ukraine. at the end of day one, the group released a draft communique reaffirming ukraine s territorial integrity and rejecting any nuclear threat to it. russia and china are notably absent from the international meeting, which is designed to pave the way for a future peace process in which russia takes part. but some countries have reservations saudi arabia s foreign minister said difficult compromises will be needed to reach a peace agreement that ends the war. and the leaders of italy and germany strongly rejected ceasefire terms laid out by russian president vladimir putin on thursday, in which he said kyiv would need to withdraw its troops from four regions that russia partially occupies. uk prime minister rishi sunak said it is important to find a peaceful path to end the war. we must set out the
2a hours. and in tel aviv on saturday evening, thousands gathered demanding a deal to secure the release of the remaining hostages held by hamas since the october 7th attacks. our correspondent hugo bachega is injerusalem and gave us this update. this is one of the deadliest incidents involving the israeli military in this war. the israeli army said its armed vehicle was hit by a large explosion early saturday and it seems that it caused a detonation of explosive material that these soldiers were carrying. earlier the armed wing of hamas said it had carried out an attack on an israeli convoy in gaza with anti tank missiles after setting up an ambush. for some, this is another indication of how hamas is more reliant on insurgent tactics when fighting the israeli military. reacting to what happened on saturday the israeli prime minister benjamin netanyahu described this war as difficult, but he said despite the heavy price, the country must cling to the goal of destroying hamas
Business report. No frills airline, ryanair, thought to be about to announce big annual profits. Well find out what they are doing right while others struggle. More banks fines in the wake of the 1mdb scandal. Singapores uob and Credit Suisse are fined just over a Million Dollars for Money Laundering for transactions related to malaysias scandal ridden state fund. Welcome to World Business report. Im jamie robertson. In a minute well have this. Japan, how consumers are making a bit of a comeback. The biggest in Something Like ten years. But first in a few hours time, the no frills airline, ryanair, will report its latest set of financial results. Europes biggest carrier by Passenger Numbers is expected to announce a 14 jump in full year profit to around 1. 5 billion us. Ryanairs performance is a sign that its cost cutting measures are helping the business compete as overcapacity continues to dog the industry. Investors seem encouraged by the progress the company is making. Ryanairs sha