logo
The cost of Israel's war with Iran

The cost of Israel's war with Iran

CNBC20 hours ago
Zvi Eckstein, head of the Aaron Economic Policy Institute at Reichman University and former deputy governor of the Bank of Israel, speaks to CNBC about the cost of the Israel-Iran war.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Danish national wanted in Germany arrested after allegedly spying on Jewish targets for Iran
Danish national wanted in Germany arrested after allegedly spying on Jewish targets for Iran

Fox News

timean hour ago

  • Fox News

Danish national wanted in Germany arrested after allegedly spying on Jewish targets for Iran

A Danish national was arrested in Denmark on allegations of gathering information on Jewish locations and people in Berlin for Iranian intelligence and will be extradited to Germany, German and Danish authorities announced Tuesday. The man, identified only as Ali S. under German privacy law, was arrested Thursday in the Danish city of Aarhus, according to German prosecutors. He was directed by an Iranian intelligence service earlier this year to gather information on "Jewish localities and specific Jewish individuals" in Berlin, prosecutors said. The suspect is accused of spying on three locations in June, presumably in preparation for further intelligence activities, including possible terrorist attacks on Jewish targets, prosecutors said. Iranian Ambassador to Germany Majid Nili Ahmadabadi was summoned to the German Foreign Ministry Tuesday. "If this suspicion were confirmed, it would be an outrageous incident that would once again demonstrate that Iran is a threat to Jews all over the world," German Foreign Minister Johann Wadephul said after visiting a Jewish synagogue in the Ukrainian city of Odesa during a visit to the country. The Iranian Embassy in Berlin denied the allegations as "unfounded and dangerous accusations" that it argued appeared to be an attempt to distract from recent Israeli attacks on Iran. "Previous discussions with relevant German authorities have already highlighted that certain third parties are attempting to divert public perceptions from the actual events through artificial staging," the embassy said in a statement. German security authorities stepped up protection for Jewish and Israeli sites in response to the 12-day war last month between Israel and Iran. During the conflict, German Chancellor Friedrich Merz said Germany was prepared for Iran to target Israeli or Jewish targets in the country. The suspect allegedly took photos of buildings, including the headquarters of the German-Israeli Society and a building where the President of the Central Council of Jews in Germany, Josef Schuster, was believed to sometimes stay, according to Der Spiegel magazine. "The extended arms of Iranian terror must have no place in Germany," a statement from the German-Israeli Society said, calling on the European Union to list Iran's Revolutionary Guards Corps as a terrorist organization. Schuster added that "the German government should not only remain vigilant but also take active political action against the Iranian regime. There can be no other consequence for this allegedly planned terrorist attack." Ali S. will be moved from Denmark to Germany, where he will be brought before an investigating judge of Germany's Federal Court of Justice, prosecutors said. The suspect was remanded in custody until July 23, pending extradition to Germany, according to Denmark's national security and intelligence service.

House Committee probing Columbia University leadership's ‘troubling' statements on campus antisemitism
House Committee probing Columbia University leadership's ‘troubling' statements on campus antisemitism

New York Post

timean hour ago

  • New York Post

House Committee probing Columbia University leadership's ‘troubling' statements on campus antisemitism

The House Education Committee is probing Columbia University leaders over messages that appeared to downplay fears of antisemitism on the Ivy League campus last year. A new letter, penned by chairs Rep. Tim Walberg (R-MI) and Rep. Elise Stefanik (R-NY), demands Columbia University President Claire Shipman clarify a series of messages, including one that labeled concerns about the hostile antisemitic sentiment that has permeated the Manhattan campus as irrational and 'threatening.' Republican lawmakers said they're seeking insight to decide if new legislation is needed to hold university leaders more accountable as volatile anti-Israel protests rage on campuses nationwide. 5 Acting Columbia University president Claire Shipman. AP In the Oct. 30, 2023, WhatsApp message to then-president Minouche Shafik, Shipman wrote, 'People are really frustrated and scared about antisemitism on our campus and they feel somehow betrayed by it. Which is not necessarily a rational feeling but it's deep and it is quite threatening.' She suggested creating a task force to 'take the pressure' off Shafik, who later resigned in August 2024. 5 New York GOP Rep. Elise Stefanik speaking at a hearing. AP 'Your description – that people feel 'somehow' betrayed and that this is 'not necessarily a rational feeling,' but that it is 'threatening' – is perplexing, considering the violence and harassment against Jewish and Israeli students already occurring on Columbia's campus at the time,' the letter stated. The lengthy memo, which included the troubling texts, was sent to the embattled institution Tuesday. In another message sent on Jan. 17, 2024, then-Columbia trustee Shipman urged that someone of Middle Eastern or Arabic descent join the university board 'quickly' – a move the pair of pols said violates Title VI of the Civil Rights Act of 1964. 5 Pro-Palestinian rally at Columbia University with signs and flags. James Keivom 'Were Columbia to act on this suggestion and appoint someone to the board specifically because of their national origin, it would implicate Title VI concerns,' the scathing letter sent to the Ivy League explained. 'The Committee's request for clarification will inform its understanding of Columbia's compliance with Title IV and current approach towards discrimination in appointments. In addition, this statement raises troubling questions regarding Columbia's priorities just months after the October 7 attack, which was the largest massacre of Jews since the Holocaust.' A Columbia spokesperson told The Post that the text messages, which were submitted to the Committee last fall, are being shared 'out of context' and reflect a 'particularly difficult moment' for university leaders focused on deescalating tensions on campus. 5 Rally at Columbia University protesting the conflict in Gaza. James Keivom 'Columbia is deeply committed to combating antisemitism and working with the federal government on this very serious issue, including our ongoing discussions to reach an agreement with the Joint Task Force to Combat Antisemitism,' the spokesperson said. 'Acting President Claire Shipman has been vocally and visibly committed to eradicating antisemitism on campus; the work underway at the university to create a safe and welcoming environment for all community members makes that plain.' The latest inquiry into the university comes about a year after it quickly became the epicenter of vicious anti-Israel protests, with agitators forcing Columbia to lock down when tent encampments descended into chaos – resulting in dozens of arrests and widespread destruction. 5 Protesters barricaded themselves at Columbia's Hamilton Hall. Getty Images At the height of the mayhem, dozens of masked rioters in keffiyeh's smashed their way inside Hamilton Hall in a savage takeover. The violence served as the catalyst for the Trump administration yanking roughly $400 million in grants and contracts from the elite school in March over its failure to stamp out antisemitism on campus. Shipman, who stepped into her position in March, subsequently caved to a list of Trump's demands by agreeing to a slew of policy changes, including a mask ban and allowing campus cops to arrest students or boot them off when deemed appropriate. The flurry of new campus reforms also now requires protesters and demonstrators to identify themselves when asked or else face disciplinary action. In a statement to The Post, the Columbia Jewish Alumni Association called for Shipman to resign 'immediately' over the 'lack of empathy and disregard' over justified fears of antisemitism. 'Interim President Shipman's statements are extremely offensive and unacceptable. They cannot be explained by 'taken out of context,'' the statement read. 'Her lack of empathy and disregard for a board member concerned with student safety as well as deliberate isolation and a suspicion of withholding of information from a board member makes her not fit to serve in the office of president of Columbia University.'

Trump says Israel has agreed on terms for 60-day ceasefire in Gaza, and has warning for Hamas
Trump says Israel has agreed on terms for 60-day ceasefire in Gaza, and has warning for Hamas

Yahoo

time2 hours ago

  • Yahoo

Trump says Israel has agreed on terms for 60-day ceasefire in Gaza, and has warning for Hamas

Donald Trump has said Israel has agreed on terms for a 60-day ceasefire in Gaza, and is urging Hamas to accept the deal before conditions worsen. The US president announced the development ahead of hosting Israeli Prime Minister Benjamin Netanyahu for talks at the White House next week. He has been increasing pressure on the Israeli government and Hamas to work out a ceasefire and hostage agreement to end the war. "My Representatives had a long and productive meeting with the Israelis today on Gaza. Israel has agreed to the necessary conditions to finalise the 60 Day CEASEFIRE, during which time we will work with all parties to end the War," Mr Trump wrote on social media - adding that Qatari and Egyptian officials would deliver the final proposal. "I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better - IT WILL ONLY GET WORSE." It comes as Israel's minister for strategic affairs, Ron Dermer, was in Washington for talks with senior administration officials to discuss a potential ceasefire in Gaza, as well as Iran and other matters. Mr Dermer was expected to meet Vice President JD Vance, secretary of state Marco Rubio and special envoy Steve Witkoff. Read more from Sky News: Earlier in the day, Mr Trump told reporters he is hopeful a ceasefire-for-hostages agreement can be achieved between Israel and Hamas next week. Hamas has said it is willing to free the remaining hostages in Gaza under a deal to end the war, while Israel has said the conflict can only end if Hamas is disarmed and dismantled.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store