Live updates: Follow the latest news on Israel-Gaza
US Secretary of State Antony Blinken said that Israel cannot reoccupy the Gaza Strip when the latest round of conflict concludes.
Mr Blinken, who made the comments after a meeting of the Group of Seven foreign ministers in Japan on Wednesday, gave the clearest picture yet of the US vision for a post-war Gaza.
He said a future Gaza cannot be run by Hamas, as that “that simply invites a repetition of October 7 and Gaza used it as a place from which to launch terrorist attacks".
But Mr Blinken added: “It's also clear that Israel cannot occupy Gaza.”
Israeli leaders have floated the idea that a buffer zone inside the Gaza Strip may be necessary to better protect Israel from attacks.
Mark Regev, an adviser to Israeli Prime Minister Benjamin Netanyahu, repeated the idea on Tuesday.
“I believe there will be a buffer zone,” Mr Regev told PBS. “There needs to be, after what we have been through.”
On Wednesday, Mr Blinken appeared to rebuff that idea.
“No reoccupation of Gaza after the conflict ends,” Mr Blinken said. “No attempt to blockade or besiege Gaza. No reduction in the territory of Gaza.”
Israel occupied Gaza after the 1967 war and only withdrew in August 2005. The country has enforced a strict blockade on the densely populated enclave since Hamas came to power in 2007.
Israel has said its goal is to completely destroy Hamas, something Washington has consistently supported since the militant group launched its attack on October 7.
“We’ve said before, we need to see and get to, in effect, unity of governance when it comes to Gaza and the West Bank, and ultimately to a Palestinian state,” Mr Blinken said.
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Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Ultra processed foods
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- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
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The specs
Engine: Two permanent-magnet synchronous AC motors
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Power: 671hp
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Range: 456km
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
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Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
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