Israel

As per a Bloomberg report quoting sources familiar with the matter,Israel’s Tower Semiconductor Ltd has proposed a $9 billion plant, while India’s Tata Group has presented an $8 billion chip fabrication unit.

In a bold fiscal decision, Israel has an ambitious plan to secure $60 billion in debt this year, coupled with stringent measures such as a government hiring freeze and tax hikes. The nation's defense budget is set for an unprecedented nearly twofold increase, signaling a strategic financial shift in the ongoing war.

The United Nations Chief has issued a dire warning, declaring that the Security Council's failure to act decisively amid the Ukraine and Gaza crises poses an imminent threat to its global authority. As tensions escalate on multiple fronts, the UN Chief's alarm resonates, raising crucial questions about the Council's ability.

Over the past decade, India has imported military hardware valued at $2.9 billion from Israel, encompassing radars, surveillance and combat drones, as well as missiles.

The plan differs from key US proposals that envision a revitalized Palestinian autonomous government governing both Gaza and the Israeli-occupied West Bank as a step towards statehood.

As conflict intensifies in the Middle East region, Israel grapples with a staggering economic downturn, with its Gross Domestic Product (GDP) plummeting nearly 20%. The war's far-reaching impact on various sectors has prompted concerns about the nation's financial stability.

Prince William has expressed his deep concern over the “terrible human cost of the conflict in the Middle East” and has called for an end to the fighting between Israel and Hamas “as soon as possible”.

Israeli Prime Minister Benjamin Netanyahu has declared that Brazilian President Luiz Inacio Lula da Silva is not welcome in Israel following controversial remarks related to the Holocaust, further straining diplomatic ties between the two nations.

In a tense escalation of conflict, Israel is planning to launch a six-week military campaign targeting Hamas in the volatile region of Rafah, sparking widespread concern and urgent calls for de-escalation as the situation intensifies in the heart of the Middle East.

In a significant acknowledgment, a Hamas official recently stated that approximately 6,000 operatives have been killed in the conflict in Gaza.