Latest news with #IsraeliCompanies
CBC
2 hours ago
- Business
- CBC
Norway's wealth fund to divest from more Israeli companies over war in Gaza
Norway's $2 trillion wealth fund said Tuesday it expects to divest from more Israeli companies over the situation in Gaza and the West Bank. A review of investments began last week following media reports that the fund had built a stake of just over two per cent in an Israeli jet engine group that provides services to Israel's armed forces.
LBCI
2 hours ago
- Business
- LBCI
Norway sovereign fund drops investments in 11 Israeli companies
Norway's sovereign wealth fund, the largest in the world, said Monday that it was selling its investments in 11 Israeli companies, following revelations that it had invested in an Israeli jet engine maker even as the war in Gaza raged. "These measures were taken in response to extraordinary circumstances. The situation in Gaza is a serious humanitarian crisis. We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened," said Nicolai Tangen, chief of Norges Bank Investment Management, which manages the fund. AFP
Yahoo
a day ago
- Politics
- Yahoo
Relatives of hostages call for workers to strike across Israel in protest over Gaza war
Relatives of Israeli hostages held in Gaza on Sunday called on Israeli companies to strike next week to pressure the government to reverse its decision to take over Gaza City.
New York Times
05-08-2025
- Business
- New York Times
FEMA Will Deny Grants to States and Cities That Boycott Israeli Companies
States and cities that boycott Israeli companies will be denied grants from the Federal Emergency Management Agency, according to grant notices posted by the agency in recent days. The new eligibility criteria could restrict access to at least $1.9 billion earmarked for search-and-rescue equipment, emergency manager salaries and backup power systems used during blackouts, Reuters reported. To be eligible for federal funds, the grant notices say that states and cities must follow the 'terms and conditions' set forth by the Department of Homeland Security, the parent agency of FEMA. Since April, D.H.S. has prohibited grantees from 'limiting commercial relations specifically with Israeli companies.' The policy underscores how the Trump administration has linked its stance on Israel to unrelated federal funding, including billions of dollars in research grants for colleges and universities. But the move to restrict FEMA grants may be largely symbolic, because no states — and only a handful of cities — have enacted laws or policies that prohibit state agencies from doing business with Israeli firms. Still, the policy could prevent wildfire response funding from flowing to cities like Richmond, Calif., where the city council voted last year to divest from companies doing business in Israel. It also comes as the Atlantic hurricane season heats up, with Tropical Storm Dexter forming in the western Atlantic late Sunday but not forecast to be a threat anywhere on the East Coast. Representatives for D.H.S. and FEMA did not immediately respond to a request for comment. After this article was published, Tricia McLaughlin, a D.H.S. spokeswoman, said the policy had not originated with FEMA and had not prevented any states from receiving grants. 'There is no FEMA requirement tied to Israel' and 'no states have lost funding,' she wrote in an email. 'FEMA grants remain governed by existing law and policy and not political litmus tests.' Ms. McLaughlin added that 'D.H.S. will enforce all anti-discrimination laws and policies, including as it relates to the B.D.S. movement, which is expressly grounded in antisemitism,' referring to the Boycott, Divestment and Sanctions movement. Backers of B.D.S. efforts call them a nonviolent way to pressure Israel over its treatment of Palestinians, while opponents call the concept antisemitic.
LBCI
05-08-2025
- Business
- LBCI
US links $1.9 billion in state disaster funds to Israel boycott stance
U.S. states and cities that boycott Israeli companies will be denied federal aid for natural disaster preparedness, the Trump administration has announced, tying routine federal funding to its political stance. The Federal Emergency Management Agency stated in grant notices posted on Friday that states must follow its "terms and conditions." Those conditions require them to certify they will not sever 'commercial relations specifically with Israeli companies' to qualify for funding. The requirement applies to at least $1.9 billion that states rely on to cover search-and-rescue equipment, emergency manager salaries and backup power systems among other expenses, according to 11 agency grant notices reviewed by Reuters. The requirement is the Trump administration's latest effort to use federal funding to promote its views on Israel. Reuters
