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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ISRAEL
Pressure on PM Benjamin Neyanyahu grows as the general strike called earlier today by the Histadrut labour organisation kicks in almost immediately. All departures from Israel's main Ben Gurion airport are grounded. non-emergency care is postponed at hospitals, and stores are closing their doors in opposition to proposed judicial reforms. Kann News' Amichai Stein reporting that Finance Minister Bezalel Smotrich, head of the far-right Religious Zionist Party, has given his approval to Netanyahu that the reforms can be suspended for 'several weeks'.
- However, Smotrich's electoral ally Security Minister Itamar Ben-Gvir, head of the ultranationalist Otzama Yehuidit, is said to be strongly opposed to a halt. There has been the implied threat that Ben-Gvir could withdraw his party's support, and its six Knesset seats, from the gov't. While this would be the 'nuclear option', if Ben-Gvir takes his party out of gov't, the Netanyahu administration loses its majority.
Chart 1. Israeli Knesset, Seats
Source: knesset.gov.il, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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