Hamas is
Tel Aviv: Amid the ongoing war with the Israel Defense Forces (IDF), extremist group Hamas is facing financial an unprecedented economic crisis, London-based newspaper Al-Sharq Al-Awsat reported citing the group's sources.
It is to be noted that the economic collapse is the worst in the Hamas's history. This crisis has led several of its operatives unpaid, raising questions about its ability to maintain internal cohesion.
According to Al-Sharq Al-Awsat, the extremist group is facing difficulties in paying salaries to its operatives. The report citing Hamas sources stated that the militant group is able to pay only 900 shekels, nearly USD 240 USD, over the past four months. This has caused widespread anger among the employees and operatives. The report further mentioned that amid Israel's ongoing elimination of the group's leadership, a vacuum has been created within its so-called government.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Master's in finance vs. MBA in finance: Which one leads to better opportunities at top US investment banks?
For students with sights set on investment banking, two graduate degrees are front-runners: the Master's in Finance (MiF) and the MBA in Finance. Both are well-regarded in global finance circles, but in the United States, the preference is clearer. Tired of too many ads? go ad free now Most top-tier investment banks hire MBAs into high-impact associate roles, especially from elite B-schools like Wharton, Columbia, and Booth. Meanwhile, MiF programs, more popular in Europe and Asia, are growing in recognition stateside but still primarily lead to analyst positions. So, which degree gives you a stronger edge in landing and growing a career in investment banking, especially if you're aiming for a US or global role? The answer depends on where you are in your journey and where you want to work. Who is each degree really for? The Master's in Finance is ideal for students fresh out of undergrad or with up to two years of experience. Many top MiF programs, such as those at MIT Sloan, Princeton, and UC Berkeley, attract international students aiming to break into US finance roles, though visa challenges and lower placement volumes at US-based investment banks can be hurdles. In contrast, the MBA in Finance is built for professionals with prior work experience, often from consulting, tech, or business roles, who want to pivot into finance or move up into leadership. US investment banks have a long tradition of recruiting MBA associates, particularly from Ivy League and M7 schools. This makes the MBA a more proven pathway to mid-level entry in American IB firms. Curriculum: Technical mastery or strategic depth? Master's in Finance programs in the US, like those at MIT, Duke, and Brandeis, focus on financial modeling, analytics, and investment theory. The learning is technical and intense, designed to prepare students for analyst roles in banking or asset management. Tired of too many ads? go ad free now MBA programs in the US, especially at schools like Wharton, Booth, and Stern, offer a holistic curriculum. In addition to corporate finance and investment strategy, students also study negotiation, leadership, and entrepreneurship. This blend of technical and strategic learning better suits roles that require team leadership, client interaction, and long-term deal management. Recruitment and career entry points US investment banks maintain structured pipelines for MBA hiring, especially at the associate level. Summer internships during the MBA are often critical for securing a full-time offer. Top banks like Goldman Sachs, Morgan Stanley, Citi, regularly recruit on-campus at MBA programs for roles in M&A, corporate finance, and capital markets. While MiF students do land IB roles in the US, most of these hires occur at the analyst level, and the competition is tougher due to fewer direct recruiting channels. MiF grads may need to network heavily or start with boutique firms or international placements before transitioning to larger US banks. Cost and return on investment Master's in Finance programs in the US are shorter, usually one year, and more affordable. The tuition ranges between $40,000 to $80,000, with a quicker ROI if placed successfully in banking or private equity. However, the starting roles are typically analyst-level and may have a ceiling without an MBA later. MBAs from top US schools cost anywhere from $120,000 to $180,000 in tuition alone, with total costs going higher with living expenses. However, they offer significantly higher starting salaries and faster promotion tracks. The payoff is slower, but long-term earnings and mobility are often greater. US vs. global hiring outlook In the US, MBA programs still dominate the investment banking talent funnel. Firms prefer candidates with work experience, leadership potential, and networking acumen, all hallmarks of an MBA grad. In Europe, MiF degrees are equally competitive, especially at institutions like LBS, HEC Paris, and ESCP, where investment banks routinely recruit graduates for analyst roles. In Asia, particularly Singapore and Hong Kong, both degrees are gaining traction, but MBAs still hold more prestige in management-focused hiring. Long-term growth and mobility A US-based MBA can lead directly into VP and director-level roles within five to seven years, especially in large firms that promote internally from their MBA associate pools. Leadership tracks, international postings, and private equity exits are common. MiF grads, unless they pursue additional education later, may take a longer time to rise — especially in the US where leadership roles in finance often favor MBAs or seasoned professionals with management exposure. In the US finance industry, the MBA in Finance remains the more powerful gateway — especially for associate-level roles and upward mobility. The structured recruiting, alumni networks, and leadership development it offers are hard to match. However, for students looking for a quicker and more affordable entry — especially into analyst roles or international finance hubs — the Master's in Finance offers a focused and efficient route. It's particularly strong in Europe, where banks regularly hire MiF grads for front-office roles. If you're aiming for a career in US investment banking, the MBA still opens more doors. But globally, both degrees offer high potential, if matched with the right timing, school, and career strategy.
India Today
34 minutes ago
- India Today
Israel evacuates most diplomatic staff from UAE amid heightened security threats
Israel has ordered the evacuation of the majority of its diplomatic mission staff and their families from the United Arab Emirates, following the National Security Council's (NSC) escalation of travel warnings for Israelis residing in the Gulf NSC cited intelligence that terrorist groups, including Iran, Hamas, Hezbollah, and global jihadist factions, are stepping up efforts to target Israeli and Jewish individuals in the UAE, particularly around Jewish holidays and weekends. "We are emphasizing this travel warning given our understanding that terrorist organizations (the Iranians, Hamas, Hezbollah and Global Jihad) are increasing their efforts to harm Israel", the NSC said in a TENSIONSIsraeli officials attribute the elevated threat to recent military operations against Iran and to the ongoing humanitarian crisis in Gaza, with concerns that these factors may drive retaliatory attacks. Security authorities believe that anti-Israel incitement and the aftermath of the offensive on Iran have increased risks for Israeli nationals and representatives abroad. The UAE's Israeli and Jewish community has expanded and become more prominent since the two countries normalised relations in 2020 through the US- brokered Abraham Accords. This marked the first such agreement between Israel and a Gulf Arab and UAE foreign ministries had not responded to requests for comment regarding the evacuation to this, the UAE did not officially recognise Israel, with diplomatic contacts largely informal and limited. The agreement brought a historic normalization of ties, leading to the exchange of ambassadors, opening of embassies, and cooperation in various sectors including trade, tourism, and security. The UAE's Israeli and Jewish community has since grown more visible and active. However, the relationship exists amid regional tensions, especially related to Iran and the Israeli-Palestinian CONCERNSThe move comes after the rare murder of an Israeli-Moldovan rabbi in the UAE last November, for which three individuals were sentenced to death in March, further highlighting security sensitivities for Israelis in the Gulf state. Despite being viewed as one of the safest countries in the Middle East, recent threats linked to these tensions have heightened security concerns for Israeli nationals and diplomats in the UAE.- EndsWith inputs from Reuters Must Watch
Economic Times
37 minutes ago
- Economic Times
Amazon cloud computing results fail to impress, shares dive
Reuters on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat Wall Street forecasts. Shares plunged by more than 7% after-hours. Before releasing the results, Amazon had finished regular trading up 1.7% to $234.11. Both Google-parent Alphabet and Microsoft posted big cloud computing revenue gains this month. AWS profit margins also contracted. Amazon said they were 32.9% in the second quarter, down from 39.5% in this year's first quarter and 35.5% a year ago. The second-quarter margin results were at their lowest level since the final quarter of 2023. "AWS is their growth engine and to see that drop in margin is dropping the stock," said Ken Mahoney, CEO of Mahoney Asset Management. "The market was looking for further fireworks to take this up back to new highs and beyond." AWS reported a 17.5% increase in revenue to $30.9 billion, edging past expectations of $30.77 billion. By comparison, sales for Microsoft's Azure rose 39% and Google Cloud gained 32%. Amazon expects total net sales to be between $174.0 billion and $179.5 billion in the third quarter, compared with analysts' average estimate of $173.08 billion, according to data compiled by LSEG. The range for operating income in the current quarter was also light. Amazon forecast between $15.5 billion and $20.5 billion, compared with expectations of $19.45 billion. Both Microsoft and Alphabet cited massive demand for their cloud computing services to boost their already huge capital spending, but also noted they still faced capacity constraints that limited their ability to meet demand. AWS represents a small part of Amazon's total revenue, but it is a key driver of profits, typically accounting for about 60% of Amazon's overall operating income. While Amazon has poured billions of dollars into AI infrastructure, analysts have said the lack of a strong AI model from AWS is causing concerns that the company could be trailing rivals in AI development. The AWS results are "alarming," said Dave Wagner, portfolio manager for Aptus Capital Advisers, which holds Amazon shares. "Amazon is an operating leverage story and they had to be able to grow, at least relative to costs. And they haven't done it. The largest tech companies have been boosting capital expenditures to add more data center capacity, particularly for artificial intelligence software deployment and development. Amazon said it expected second-half spending roughly the same as its second quarter total of $31.4 billion, suggesting it would spend around $118 billion for the full year. Analysts had projected about $100 billion. On Wednesday, Microsoft said it would spend a record $30 billion in the current quarter. Google-parent Alphabet raised its spending forecast by $10 billion to $85 billion for the year. Seattle-based Amazon posted online store sales of $61.5 billion, an 11% gain. Advertising sales, a fast-growing segment for Amazon, were up 23% to $15.7 billion. Investors have been watching Amazon's e-commerce unit for any signs that tariff-related uncertainty has dashed consumer confidence. U.S. data showed consumer spending rose moderately in June. CEO Andy Jassy, in a call with analysts, addressed concerns about the impacts of tariffs on Amazon's core retail business. "Through the first half of the year, we haven't yet seen diminishing demand nor prices meaningfully appreciating," he said on a call with analysts. "We also have such diversity of sellers in our marketplace, over 2 million sellers in total, with differing strategies of whether to pass on higher costs to consumers." He added: "We just don't know what's going to happen moving forward. It's hard to know where the tariffs are going to settle, particularly in China." President Donald Trump's tariffs have major retailers and consumer goods companies scrambling to protect margins while trying not to hurt consumer demand. Trump has said the levies will bring manufacturing power and jobs back to the U.S. Analysts had said Amazon's focus on low prices, quick delivery and its many product categories helped cement its position as the No. 1 e-commerce retailer for U.S. consumers, giving it an edge over rivals. Amazon has said it was pushing suppliers to pull forward inventories to ensure supply and keep prices as low as possible. Still, prices for goods made in China and sold on have been rising faster than overall inflation, Reuters reported last month. Amazon has been trimming jobs, including at its AWS, books, devices and podcasting units. Headcount fell by 14,000 workers from this year's first quarter, bringing the total to 1.46 million, the first decline since the beginning of 2024. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
