Global Markets: Israeli, Palestinian conflict intensifies

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– The Israeli military conducted heavy air strikes over Gaza on Monday, destroying 15 kilometres of tunnels and the homes of nine Hamas commanders. During those air strikes, one Hamas commander, Hussam Abu Harmeed, was killed. After Harbeed’s death, Islamic jihadists fired rockets at the Israeli coastal city of Ashdod, injuring three people. Three Palestinians were killed by an air strike on a car, also on Monday. Linda Thomas-Greenfield, the United States’ ambassador for the United Nations, said in an emergency meeting of the Security Council that its government was “working tirelessly through diplomatic channels” to stop the fighting.

– Cyclone Tauktae, which had already killed six people in southern India, is expected to make landfall tonight on the country’s western coast. COVID-19 vaccination efforts were suspended in the state of Gujarat in anticipation of the storm and there are fears that crowded evacuation shelters can accelerate the spread of the virus. Virus lockdown measures could also hamper relief efforts.

– AT&T’s media operations, along with Discovery, have agreed to a merger which will create a new entertainment company, it was announced on Sunday. AT&T will receive US$43 billion in cash and shareholders will receive 71 per cent of the new company. The transaction includes AT&T’s WarnerMedia, including CNN, HBO and the Warner Bros. studio, as well as Discovery’s TLC and Animal Planet specialty TV channels.

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