Moody's warns Israel faces 'significant risk' of political and social tensions that will harm its economy, security | CNN Business

“There is a significant risk that political and social tensions over the issue will continue, with negative consequences for Israel’s economy and security situation,” the credit ratings firm wrote in a report. The Israeli parliament passed a law on Monday stripping the Supreme Court of its power to block government decisions. The dramatic move set off angry protests, threats of strikes from workers and selling from investors. The Tel Aviv 35 Index has plunged by 5.2% over the past two days.

“Although domestic and geopolitical tensions have traditionally not had a major or lasting impact on Israel’s economy, a serious escalation of tensions with the Palestinians could endanger improved relations” between Israel and regional powers, Moody’s said. In response to the Moody’s report, Israeli Prime Minister Benjamin Netanyahu issued a statement defending the resilience of the country’s economy.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis: China's pitch to foreign investors falls flat as incentives dwindleChina is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once used to attract overseas money.
Source: Reuters - 🏆 2. / 97 Read more »

Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP$BTC investment products suffered $13 million of outflows last week, according to CoinSharesCo, breaking the trend of steady inflows since BlackRock’s spot bitcoin ETF filing in mid-June. sndr_krisztian reports
Source: CoinDesk - 🏆 291. / 63 Read more »