Middle East crisis live: Israeli military announces ‘tactical pause’ in
parts of Gaza as pressure mounts over hunger
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Military says it will halt activity in Muwasi, Deir al-Balah and Gaza City
from 10am to 8pm local time every day until further notice
*Australian prime m...
33 minutes ago
Italy's benchmark stock index leapt 3.7 percent and the nation's borrowing costs plunged after the country's Senate passed a crucial austerity budget demanded by the European Union. Other European stock markets and the euro also pushed higher as investors became more confident that Italy would avoid a fiscal disaster.
ReplyDeleteThe passage clears the way for Italian Premier Silvio Berlusconi to step down. Berlusconi was widely considered an obstacle to serious economic reforms. The yield on Italy's benchmark two-year bond dropped 0.43 percentage point to 5.69 percent. That's a sign bond investors think Italy will succeed in managing its massive debt load.