Israel expands military effort in Gaza, defence minister says

Israel expands military effort in Gaza, defence minister says


Israel’s Foreign Minister Israel Katz in Jerusalem on October 7, 2024. 

Ahmed Gharabli | Afp | Getty Images

Israeli Defense Minister Israel Katz announced a major expansion of the military operation in Gaza on Wednesday, saying large areas of the enclave would be seized and added to the security zones of Israel.

In a statement, Katz said there would be large-scale evacuation of population from areas where there is fighting, and urged Gazans to eliminate Hamas and return Israeli hostages as the only way to end the war.

He did not make clear how much land Israel intends to seize, however.

It has already set up a significant buffer zone within Gaza, expanding an area that existed around the edges of the enclave before the war and adding a large security area in the so-called Netzarim corridor through the middle of Gaza.

At the same time, Israeli leaders have said they plan to facilitate voluntary departure of Palestinians from the enclave, after U.S. President Donald Trump called for it to be permanently evacuated and redeveloped as a coastal resort under U.S. control.

Israel resumed air strikes on Gaza and sent ground troops back in this month, after two months of relative calm following the conclusion of a U.S.-backed truce to allow the exchange of hostages held by Hamas for Palestinian prisoners in Israeli jails.

Efforts led by Qatari and Egyptian mediators to get back on tracks talks aimed at ending the war have failed to make progress yet.

Israeli Prime Minister Benjamin Netanyahu has said the application of military pressure is the best way to get the remaining 59 hostages back.



Source

Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold
World

Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold

Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and […]

Read More
CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor
World

CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in […]

Read More
SoftBank shares plunge as much as 10% after selling Nvidia stake
World

SoftBank shares plunge as much as 10% after selling Nvidia stake

Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 […]

Read More