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Israel's cabinet has approved the 2025 budget, prioritizing increased military spending and higher taxes amid ongoing conflicts with Hamas, Hezbollah, and tensions with Iran. This shift reflects the government's response to economic challenges and a focus on reducing the budget deficit.
Swiss Post plans to convert 170 branches into partner locations, investing over 100 million francs by 2028. Meanwhile, social welfare rates have dropped, but the number of recipients with mental health issues is rising, highlighting a need for better care services. In Zurich, stricter subletting regulations are being debated ahead of a referendum, while the new Hezbollah leader, Naim Qassem, has been appointed following Hassan Nasrallah's death.
Gold prices have surged to a record high of USD 2,630 an ounce, marking a 27% increase in 2024, driven by anticipated Federal Reserve rate cuts and escalating geopolitical tensions. Central bank demand remains robust, with ETF inflows continuing for four months, supporting a bullish outlook with a target of USD 2,700/oz by mid-2025. Investors are encouraged to consider various exposure strategies, including ETFs and gold miner equities.
Hassan Nasrallah
People
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Israel's 2025 budget prioritizes military spending amid economic challenges
13:19 01.11.2024
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17:00 29.10.2024
gold prices soar to record high amid geopolitical tensions and fed easing
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09:00 23.09.2024
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