A broker for United States Defense Secretary Pete Hegseth sought to make a significant investment in major defence companies in the days before the Iran war, according to the Financial Times (FT). The Pentagon, however, has dismissed the report. According to CNBC, FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp, Lockheed Martin, and Northrop Grumman, among its largest holdings, BlackRock data showed. The CNBC report states that according to the London Stock Exchange Group (LSEG) data, the ETF has lost 12.4% in the past month, around the time when the Iran war started. Read: Crude oil tanker off Dubai hit by Iranian strike after Trump's latest threats FT also said that the investment discussed by Hegseth’s broker did not move forward as the fund wa...
Israel’s Knesset approved a controversial law on Monday allowing the death penalty for Palestinian prisoners, with 62 lawmakers voting in favour, 47 against and one abstaining, according to an official Knesset voting record. A contentious bill introduced by the far-right Jewish Power party led by National Security Minister Itamar Ben-Gvir was approved in its second and third readings in the Knesset. Prime Minister Benjamin Netanyahu voted in favour of the bill, according to Israeli media. The bill passed its first reading in November. Critics say the bill’s scope would, in practice, apply almost exclusively to Palestinian prisoners, raising concerns over discriminatory enforcement. The vote exposed sharp divisions between the ruling coalition and opposition, including Arab parties. SOURCE: ANADOLU AGENCY The bill was heavily favoured by right-wing and religious coalition parties such as Likud (led by Netanyahu), Shas, Religious Zionism, and Jewish Power (colored in red). Centrist and l...