Bank of Israel Unexpectedly Raises Its Benchmark Interest Rate to 1.75%
Bank of Israel Governor Stanley Fischer raised the benchmark interest rate for the first time in four months in a bid to cool housing prices which he says could develop into a bubble.
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The mayor of Jerusalem is pressing ahead with a plan to demolish 22 Palestinian homes in East Jerusalem’s Silwan neighbourhood to make room for a tourist centre.
Mayor Nir Barkat asked the city’s municipal planning committee on Monday to give initial approval to the controversial plan that Palestinians describe as “forced displacement”.
Activists in Silwan denounced the latest move as another step in the “fast-track Judaisation” of East Jerusalem.
As the humanitarian crisis in Gaza worsens, many families are being displaced. About 13000 people have fled their homes because of Israel's continuing assault on Gaza. Many lived on the outskirts of the Strip and are now in Gaza City, staying at UN schools that have been turned into makeshift shelters. Sherine Tadros spoke to some Gazans who say there is nowhere they feel safe. …
