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Trump opposes Israeli annexation of occupied West Bank: White House | Occupied West Bank News

BREAKING,

White House official says Trump sees stability in the Palestinian territory as a ‘goal to achieve peace in the region’.

United States President Donald Trump opposes Israel’s annexation of ⁠the occupied West Bank, a White House official has said.

“A stable West Bank keeps ‌Israel secure, and is in ‌line ‌with this ⁠administration’s goal to achieve peace ‌in the region,” the official said on Monday, according to the Reuters news agency.

The comment from the White House comes after eight Muslim-majority countries denounced Israel for approving controversial new measures to expand control over occupied Palestinian territory, making it easier for Israelis to acquire land for new settlements, which are illegal under international law.

On Monday, Egypt, Indonesia, Jordan, Pakistan, Qatar, Saudi Arabia, Turkiye and the United Arab Emirates condemned Israel’s move “in the strongest terms”, according to a statement from the Saudi Arabian Ministry of Foreign Affairs.

This is a breaking news story. More to follow shortly.

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French central bank governor quits and leaves Macron to pick successor

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The French central bank governor handed in his resignation on Monday, which will take effect in June 2026.

This unexpected departure occurs roughly 18 months before his second term was scheduled to conclude in October 2027.

The move strategically shifts the responsibility of selecting his successor to the current President of France, Emmanuel Macron.

If Villeroy de Galhau had completed his full tenure, the appointment of the next head of the Bank of France would have fallen to the winner of the April 2027 presidential election, which current polling suggests could favour a far-right candidate.

While the French central bank governor cited personal reasons for his departure, specifically to lead the Fondation Apprentis d’Auteuil, a charity for vulnerable youth, the timing is perceived as a calculated effort to safeguard the institution’s future leadership.

In a press release, Villeroy de Galhau reassured that “a bit more than a year before the conclusion of my second term, it seems to me that I would have accomplished the core of my mission”.

In a separate letter to Bank of France employees, the governor also acknowledged that “this decision may come as a surprise”.

Resignation after stabilisation

Villeroy de Galhau may also have carefully chosen the right moment of stability in the present.

After a long and intense legislative deadlock in France, that saw the collapse of multiple governments, Prime Minister Sébastien Lecornu successfully navigated the approval of the 2026 budget which was announced at the start of the month.

Throughout late 2025, France’s inability to pass a budget had rattled investors, pushing the risk premium on French debt to its highest levels in years.

By waiting until this budget was finalised, Villeroy de Galhau ensured his departure did not trigger fresh market panic or exacerbate the existing political crisis.

President Emmanuel Macron can now focus on appointing a successor who will likely align with his pro-European and centrist economic vision.

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Muslim countries slam Israel for ‘illegal annexation’ push in West Bank | Israel-Palestine conflict News

In joint statement, countries urge international community to ‘compel Israel to halt its dangerous escalation’.

Eight Muslim-majority countries have denounced Israel for trying to impose “unlawful Israeli sovereignty” in the occupied West Bank, after it approved controversial new measures expanding its control and making it easier for Israeli settlers to buy land.

Egypt, Indonesia, Jordan, Pakistan, Qatar, Saudi Arabia, Turkiye and the United Arab Emirates condemned Israel’s move “in the strongest terms” on Monday, according to a Saudi Foreign Ministry statement.

Israel’s new measures, greenlighted Sunday by its security cabinet, have major implications on property rights and Israeli security procedures in the occupied Palestinian territory.

The Times of Israel, citing a joint statement by Israel’s far-right Finance Minister Bezalel Smotrich and Defence Minister Israel Katz, said the new rules would allow Jewish Israelis to buy private real estate in the territory and open up previously confidential land registries to the public.

The measures will also allow Israeli authorities to take charge of managing some religious sites and increase Israeli supervision and enforcement in areas run by the Palestinian Authority (PA), according to Israeli media reports.

Smotrich said the move was aimed at “deepening our roots in all regions of the Land of Israel and burying the idea of a Palestinian state”.

‘Dangerous annexation push’

Palestinian President Mahmoud Abbas said the decision amounted to de facto annexation, and called on US President Donald Trump and the United Nations Security Council to intervene.

Al Jazeera’s Nida Ibrahim, reporting from the town of Birzeit in the West Bank, said Palestinians view the development “as the most dangerous push towards annexation and the most critical decision since Israel occupied the West Bank in 1967”.

She noted that under the new rules, there was nothing that would prevent Israeli settlers from owning land and “coming to Palestinian city centres”.

In the joint statement, the eight Muslim-majority countries said Israel is trying to put in place “a new legal and administrative reality” that accelerates its “illegal annexation and the displacement of the Palestinian people”.

The countries affirmed Palestinians’ right to “self-determination and statehood” and urged the international community to “compel Israel to halt its dangerous escalation”.

The European Union also condemned the Israeli move, calling it “another step in the wrong direction”.

INTERACTIVE - Occupied West Bank population-1743158487
(Al Jazeera)

The West Bank is among the areas that Palestinians seek for a future independent state, along with the Gaza Strip and occupied East Jerusalem. Currently, much of the West Bank is under direct Israeli military control, with extremely limited Palestinian self-rule in some areas, governed by the Western-backed PA.

More than 700,000 Israelis live in settlements and outposts in the occupied West Bank, which are illegal under international law, while some 3.3 million Palestinians live in the territory.

Israeli forces regularly carry out violent raids, conduct arrests, and impose restrictions in the occupied West Bank, where attacks by Israeli settlers against Palestinians have also intensified, often under the protection of Israeli soldiers.

In January alone, at least 694 Palestinians were driven from their homes in the West Bank due to Israeli settler violence and harassment, the highest number since Israel’s genocidal war against Palestinians in Gaza erupted in October 2023, according to the UN.

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Israel security cabinet approves rules to increase control over West Bank | News

The Palestinian presidency calls the decision a ‘dangerous’ Israeli ‘attempt to legalize settlement expansion’.

Israel’s security cabinet has approved new rules aimed at strengthening Israeli control over the occupied West Bank, according to local media reports, drawing condemnation from Palestinian authorities.

The Palestinian presidency, in a statement on Sunday, called the decision “dangerous” and an “open Israeli attempt to legalize settlement expansion” and land confiscation. The office of President Mahmoud Abbas called for the United States and the United Nations Security Council to intervene immediately.

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Jordan’s Ministry of Foreign Affairs also condemned the decision, which it said was “aimed at imposing illegal Israeli sovereignty” and entrenching settlements.

The Hamas group called on Palestinians in the West Bank to “intensify the confrontation with the occupation and its settlers.”

The rules will make it easier for Israeli settlers to buy land in the occupied West Bank and give Israeli officials stronger powers to enforce laws on Palestinians in the area, Israeli media reported.

The West Bank is among the areas that Palestinians seek for a future independent state, along with Gaza and occupied East Jerusalem. Much of the West Bank is under direct Israeli military control, with extremely limited Palestinian self-rule in some areas, governed by the Western-backed Palestinian Authority (PA).

According to the Israeli news outlets Ynet and Haaretz, the new steps include removing rules that stopped private Jewish individuals from buying land in the occupied West Bank.

The measures also include allowing Israeli authorities to take charge of managing some religious sites, and increasing Israeli supervision and enforcement in areas run by the PA, according to the media reports.

The office of far-right Israeli Minister of Finance Bezalel Smotrich, in a statement said “we will continue to bury the idea of a Palestinian state”.

Palestinian Vice President Hussein Al-Sheikh said the reports about expected Israeli steps to increase annexation and create new facts on the ground in the occupied West Bank are a total violation of all signed and binding agreements, a serious escalation, and a violation of international law, the Palestinian news agency Wafa reported.

He emphasised that these unilateral measures aim to eliminate any political prospects, obliterate the two-state solution, and drag the entire region into further tension and instability.

The reports come three days before Prime Minister Benjamin Netanyahu is scheduled to meet US President Donald Trump in Washington, DC.

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K Bank cuts IPO price range in third bid for listing

K Bank Chief Executive Officer Choi Woo-hyung speaks at the company’s IPO press conference in Seoul. Photo by Asia Today

Feb. 5 (Asia Today) — K Bank has lowered its proposed offering price as it makes a third attempt at an initial public offering, betting that a stronger stock market and a deeper discount will help it clear investor demand.

According to the financial investment industry, K Bank is offering 60 million shares with a target fundraising range of 498 billion to 570 billion won (about $373 million to $427 million). The proposed price band of 8,300 to 9,500 won represents a 20.83% cut from the 12,000-won upper limit floated during its failed 2024 IPO attempt.

Lee Jun-hyung, the company’s chief financial officer, said the price was set at about a 20% discount and is “20% to 30% lower than peers such as Kakao Bank and Japan’s Rakuten Bank.”

Market attention is focused on whether K Bank can secure sufficient institutional demand this time. The book-building process, which began Tuesday, runs through Monday. Industry officials noted that participation often concentrates on the final day, making it too early to judge the outcome.

If listed, K Bank plans to accelerate a non-interest income strategy centered on small businesses, platform services and digital assets. At an IPO press conference in Seoul, Chief Executive Officer Choi Woo-hyung said the bank aims to expand its retail base and open ecosystem while broadening its portfolio to include sole proprietors and small and medium-sized companies.

Choi also said the lender is preparing for future stablecoin-related business, citing its ongoing partnership with Upbit and internal development of blockchain technology, including patent filings.

Following a successful listing, K Bank plans to enhance shareholder returns. Choi said the bank is targeting a return on equity above 15% and will consider dividends or treasury share buybacks once it achieves a sustained double-digit ROE.

The IPO is being led by NH Investment & Securities and Samsung Securities, with Shinhan Investment Corporation participating in the underwriting syndicate. The listing is scheduled for March 5.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010002198

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Kakao Bank posts record profit as non-interest income offsets loan curbs

Chart shows Kakao Bank’s quarterly net profit and the rising share of non-interest income from 2023 to 2025. Graphic by Asia Today and translated by UPI

Feb. 4 (Asia Today) — Kakao Bank posted record earnings last year as growth in non-interest income offset pressure on lending revenue caused by tighter household loan regulations, the company said Tuesday.

The internet-only bank said net profit for 2025 reached 480.3 billion won ($348.6 million), up 9.1% from a year earlier. Fourth-quarter net profit rose 24.5% year over year to 105.2 billion won ($76.3 million), marking the first time quarterly earnings topped 100 billion won.

The results exceeded market expectations despite stricter government oversight of household lending in the second half of the year, which forced Kakao Bank to cut its loan growth target by half.

Interest income, still the bank’s largest revenue source, fell under regulatory pressure. Loan interest income declined 2.9% to 1.99 trillion won ($1.45 billion) from 2.05 trillion won ($1.49 billion) in 2024.

By contrast, non-interest income – including fees, platform revenue and fund management gains – jumped 22.5% to 1.08 trillion won ($790.6 million), surpassing 1 trillion won for the first time. Non-interest income accounted for 35.3% of total operating income, up about 5 percentage points from a year earlier.

Fund management performance was a major contributor. Kakao Bank said profits from the segment climbed about 28% to 670.8 billion won ($487.2 million), aided by expanded bond purchases in a high-interest-rate environment and a more diversified investment strategy.

Fee and platform revenue also continued to rise. Despite lower merchant fees for check cards, advertising revenue and loan comparison service income increased 54% and 37%, respectively. Total fee and platform revenue reached 310.5 billion won ($225.5 million), up 2.9% from a year earlier.

Looking ahead, Kakao Bank said it plans to further strengthen non-interest income this year by expanding products and services and by seeking growth opportunities in global and artificial intelligence-related businesses. The bank also signaled interest in mergers and acquisitions involving payment and capital companies to broaden its business scope into areas such as infrastructure and equipment finance.

An industry source said sustaining growth in non-interest income will be critical as lending expansion remains constrained, adding that the success of new business lines will play a key role in shaping future performance.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010001717

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Israel orders eviction of Bedouins as settlers target West Bank schools | Israel-Palestine conflict News

Israeli occupation authorities have intensified their campaign of forced displacement across the occupied West Bank, issuing expulsion orders to an entire Bedouin community east of Ramallah and escalating demolition policies in occupied East Jerusalem.

The measures come amid a surge in settler violence targeting educational institutions in the Jordan Valley and residential homes in Qalqilya, further shrinking the living space for Palestinians under military occupation.

‘Zone of expulsion’

On Sunday morning, Israeli forces raided the Abu Najeh al-Kaabneh Bedouin community in al-Mughayyir village, east of Ramallah.

Local sources confirmed to the Wafa news agency that soldiers delivered a military order requiring the community’s 40 residents to dismantle their homes and leave the area within 48 hours. The army declared the site a “closed military zone”, a tactic frequently used to clear Palestinian land for settlement expansion.

During the raid, Israeli troops arrested three foreign solidarity activists attempting to document the eviction order.

The expulsion order is part of a widening campaign of ethnic cleansing in the region. It follows the complete displacement of the Shallal al-Auja community north of Jericho, which concluded on Saturday. After years of systematic harassment, the last three families of the community were forced to leave, marking the erasure of a presence that once included 120 families.

Al-Aqsa provocations

In occupied East Jerusalem, Israel’s municipal policies of urban restriction continued to displace Palestinians.

On Sunday, Yasser Maher Dana, a Palestinian resident of the Jabal Mukaber neighbourhood, was coerced into demolishing his 100-square-metre (1,076-square-foot) home. The structure, located in the al-Salaa district, housed four family members.

Israeli authorities routinely force Palestinians in East Jerusalem to execute their own demolition orders to avoid paying exorbitant fees charged by municipal crews and forces if they carry out the destruction themselves. These demolitions are justified by a lack of building permits, which rights groups say are nearly impossible for Palestinians to obtain in the city.

Simultaneously, in Silwan, south of Al-Aqsa Mosque, the municipality issued a demolition order for a residential room belonging to the al-Taweel family, granting them a 10-day deadline. This follows notices issued three days before demolishing two homes belonging to brothers in the Wadi Qaddum neighbourhood.

Tensions also rose at the Al-Aqsa Mosque compound, stormed by dozens of Israeli settlers under heavy police protection. According to the Jerusalem governorate, the incursion included a provocative “wedding blessing” ritual performed by settlers for a bride in the courtyards, a violation of the site’s status quo.

Settlers attack schools and homes

In the northern Jordan Valley, Israeli settlers, backed by the military, disrupted the school day at the al-Maleh School.

Azmi Balawneh, the director of education in Tubas, reported that settlers blocked teachers from reaching the school, which serves children from the vulnerable Bedouin communities of al-Hadidiya, Makhoul, and Samra.

This harassment coincides with the establishment of a new illegal settlement outpost in the al-Maleh area just a week ago. In the nearby Khirbet Samra, settlers erected a new tent on Sunday morning to seize more pastoral land.

Meanwhile, in the village of Faraata, east of Qalqilya, settlers from the illegal “Havat Gilad” outpost attacked the home of Hijazi Yamin.

Yamin told Wafa that settlers pelted his house and unleashed an attack dog on his family, trapping his wife and seven children inside.

“We live in a constant state of insecurity,” Yamin said, noting this was the second attack in a week. “I am afraid to leave my wife and children alone or let them go to school.”

Military raids and closures

Israeli forces conducted multiple raids across the West Bank on Sunday, arresting at least four Palestinians. In Hebron, two brothers were arrested following a raid on their family home. More arrests were reported in the village of Duma, south of Nablus, and in the town of al-Ubeidiya, east of Bethlehem.

In the northern city of Jenin, military vehicles stormed the city centre and the Jabel Abu Dhuhair neighbourhood. During the incursion, troops deliberately destroyed street vendors’ carts at the Cinema Roundabout, targeting the local economy.

Movement restrictions also tightened significantly. For the second consecutive day, the Israeli army closed the main entrance to Turmus Aya, north of Ramallah, and blocked the Atara military checkpoint since the early morning hours, severing connections between northern and central West Bank cities. According to the Colonization and Wall Resistance Commission, Israel now operates 916 military checkpoints and gates throughout the West Bank.

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