cross-posted from: https://lemmy.world/post/18695436

Source Nikkei article

Aug 14 (Reuters) - Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, the Financial Times reported, opens new tab on Wednesday, citing people familiar with the matter.

Barclays has also faced criticism for providing financial services to defence firms that produce equipment used by the Israeli Defence Force.

Separately, activists had disrupted Lloyds Banking Group's (LLOY.L), opens new tab annual shareholder meeting in May, protesting against its alleged provision of financial services to defence firms linked to violence in the Middle East.

Israel’s credit rating was downgraded by Fitch Ratings Monday, after the agency cited concerns around the ongoing war with Hamas and geopolitical risks.

The downgrade underscores the financial toll of the war, which has also seen tens of thousands of people killed and has shaken the region and the world. Analysts from Fitch said the “the conflict in Gaza could last well into 2025,” and there are risks of the conflict spreading.

cross-posted from: https://lemmy.world/post/18587159

cross-posted from: https://lemmy.world/post/18550996

cross-posted from: https://lemmy.world/post/18516742

Source Nikkei article

Susan Wojcicki, a pioneering tech executive who helped shape Google and YouTube, has died, her husband said. She was 56.

Wojcicki played a key role in Google’s creation and served nine years as YouTube’s CEO, stepping down last year to focus on her “family, health, and personal projects I’m passionate about,” she said at the time.

cross-posted from: https://lemmy.world/post/18478191

Paramount Global will cut 2,000 employees, 15% of its U.S. workforce, in the next few weeks, ahead of its planned merger with Skydance.