Consumer-price inflation in America jumps up to 4.2%
Shortages and bottlenecks imply more price rises will follow. But will they last?May 12th 2021AS AMERICA’S ECONOMY bounces back from the pandemic, aided by trillions of dollars of fiscal stimulus, the main question on investors’ mind is if and when inflation will take off. The Federal Reserve has vowed to tolerate a period of above-target…
Israel and Hamas march to war after tensions in Jerusalem boil over
Dozens are killed, but it is not clear where this cycle of violence endsTHE DRUMS of war are beating again in Israel and Gaza. Over the past two days Palestinian militants in the territory have fired hundreds of rockets at Israel. Israel, in turn, has carried out hundreds of air strikes against targets in Gaza…
Israel’s missile defences blunt Palestinian attacks from Gaza
THE NIGHT sky above Israel’s Mediterranean coast on May 11th was like a cosmic football match, as fiery shooting stars tried to outrun and catch each other; fireballs marked successful shots. Hamas and Islamic Jihad, two militant Palestinian groups, have fired more than 1,000 rockets from Gaza, at targets including the greater Tel Aviv area,…