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Real-time News
Israels economy rebounded in the second quarter, recovering from the economic contraction triggered by the military action against Iran. Data released Sunday by Israels Central Bureau of Statistics showed that seasonally adjusted GDP grew at an annualized rate of 15.4% in the second quarter, exceeding the median forecast of 8.3% from eight economists surveyed by Bloomberg. First-quarter GDP was revised to contract by 2.2%. Exports of goods and services led the growth, increasing by 35.2%; government consumption rose by 19.5%, private consumption by 14.7%, and fixed capital formation by 6.3%. Yonie Fanning, chief strategist at Mizrahi-Tfahot Bank, said in a telephone interview before the data release that the Israeli economy is expected to experience a "rapid recovery" after the economic contraction caused by the conflict with Iran. He stated that consumer spending, including on durable goods, is expected to be a key driver of the economic rebound.According to Israels i24News, Israeli Prime Minister Netanyahu will meet with US Special Envoy Jared Kushner and senior peace committee officials in Israel tomorrow.According to Israels Channel 12: Israeli fighter jets carried out airstrikes on the Haniyus region in the southern Gaza Strip.August 16th - According to a report by The Washington Post on the 15th, officials from several Arab and Western countries stated that frustration with the United States is steadily rising among its Gulf allies. Informed officials revealed that Saudi Arabia, the UAE, Qatar, and several other Gulf states have reached a consensus on their dissatisfaction with the Trump administration, and some countries have begun discussing whether it is still necessary to allow the continued deployment of large-scale US military facilities on their territory. Recently, US President Trump has repeatedly threatened to launch a new large-scale attack on Iran, but subsequently withdrew these threats, citing progress in negotiations. This has led to growing concerns among Gulf states that Trump lacks the diplomatic ability to reach a peace agreement with Iran.SenseTime (00020.HK): It is expected to record a profit of approximately RMB500 million to RMB700 million in the first half of the year, compared with a loss of approximately RMB1.48927 billion in the same period last year.