Latest News LIVE: Israel intercepts rocket from Gaza amid escalating tension – The Economic Times

Israel intercepted a rocket from the Gaza Strip on Wednesday evening, a day after US Secretary of State Antony Blinken left the region in a visit that aimed at calming escalating violence.

The rocket triggered sirens in the southern city of Sderot and in communities near the besieged Palestinian enclave, an Israeli military spokesperson said in a statement.

No injuries have been reported so far, Xinhua news agency reported. The firing of the rocket came amid surging violence between Israelis and Palestinians, mainly in the occupied West Bank.

Over the weekend, Israel carried out airstrikes on targets which the military said was an “underground rocket manufacturing site” in the central Gaza Strip that belongs to Hamas, an Islamist militant group that governs the Palestinian enclave. The attack followed six rockets that were fired from Gaza at southern Israel. No injuries were reported on both sides.

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Ukrainian Defence minister meets French Prez on Kiev’s defence needs

Ukrainian Defence Minister Oleksii Reznikov has said that he met French President Emmanuel Macron to discuss Ukraine’s defence needs.

Describing the conversation as “frank and productive,” he tweeted on Wednesday that the urgent operational needs of the Ukrainian Army were on the agenda.

Reznikov, who arrived in France on Tuesday for a two-day visit, thanked Macron and the French people for their support for Ukraine, Xinhua news agency reported.

In a separate tweet, the Minister said he signed a memorandum with French Defence Minister Sebastien Lecornu and the Thales Group on the supply of MG-200 radars for Ukrainian air defenders.

The radars, Reznikov added, will help the Ukrainian military to spot enemy drones and missiles, including ballistic missiles.

US Fed hikes rates for first time in new year

The US Federal Reserve on Wednesday implemented its first rate hike in the new year.

The central bank hiked rates by a quarter percentage point, marking the eighth time the Fed has raised rates since it began tightening in March last year.

“Inflation has eased somewhat but remains elevated,” the Fed said in a statement.

The Fed is engaged in the most aggressive rate hike cycle in many years, in a bid to quell the worst inflation in four decades, Xinhua news agency reported.

Last year, the US central bank implemented four rate increases of 75 basis points.

Ukrainian, Austrian presidents meet on cooperation, aid for Kiev

Ukrainian President Volodymyr Zelensky has met with his visiting Austrian counterpart, Alexander Van der Bellen, to discuss bilateral cooperation and assistance for Kiev, the Ukrainian presidential press service said.

During the talks on Wednesday, Zelensky and Van der Bellen talked about energy, economic and humanitarian cooperation between the two countries, and the development of Ukrainian communities.

“We have also discussed the issues of our political cooperation in Europe and other international platforms,” the Ukrainian President told reporters after the talks.

EU unveils green industry deal to compete with US

The European Commission has unveiled its plan to meet the challenges posed by the US’ Inflation Reduction Act (IRA) and keep up with a worldwide race in subsidy schemes for green industries.

Net-zero industries are most important in the fight against climate change, European Commission President Ursula von der Leyen said on Wednesday when presenting the Green Deal Industrial Plan.

The plan is built on four pillars: a conducive regulatory environment for the net-zero industries, national and EU funding, ensuring proper skills for the green transition and an ambitious trade agenda, Xinhua news agency reported.

It is designed to ease restrictions on state aid and unlock huge private financing for clean-tech production in the EU.

To that end, the European Commission will have to consult with EU countries to amend the current state aid framework, including increasing notification thresholds for the support of green investments.

Samsung Galaxy S23 Series sold in India to be manufactured locally

Samsung on Thursday said that all Galaxy S23 series smartphones sold in India will be manufactured at the company’s Noida factory.

The company added that it already fulfils a majority of the domestic demand in India through local manufacturing at the Noida factory.

Now, the newly-launched Galaxy S23 series — Galaxy S23 Ultra, Galaxy S23+ and Galaxy S23 — will also be manufactured locally.

Samsung inaugurated the world’s largest mobile factory in Noida in 2018, with the vision to make India a global manufacturing hub.

The factory was inaugurated by Prime Minister Narendra Modi. Samsung also set up the world’s largest mobile experience centre at the iconic Opera House in Bengaluru.

Israel intercepts rocket from Gaza amid escalating tension

Israel intercepted a rocket from the Gaza Strip on Wednesday evening, a day after US Secretary of State Antony Blinken left the region in a visit that aimed at calming escalating violence.

The rocket triggered sirens in the southern city of Sderot and in communities near the besieged Palestinian enclave, an Israeli military spokesperson said in a statement.

No injuries have been reported so far, Xinhua news agency reported. The firing of the rocket came amid surging violence between Israelis and Palestinians, mainly in the occupied West Bank.

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