Weekend Papers Summary
FINANCIAL TIMES
-Thousands were on the move in Gaza on Friday, departing their homes in overcrowded minibuses, in cars and on foot as they contended with fuel shortages and destroyed roads.The warning for about half of the Gaza Strip’s population to relocate from the north to the south of the enclave came with what the UN said was a 24-hour deadline, as Israel maintained its siege and bombardment of the 40km-long territory, particularly its main city.
-Cairo has resisted pressure to allow Palestinians to flee to its territory in large numbers. On Friday Egypt’s foreign ministry warned that the order to leave was a “grave violation” of international humanitarian law.Al-Shanty said she believed that Gaza City, her home, would be flattened and that residents would be forced into Egypt. Israel “told us to go south in the direction of Rafah because they will destroy the city and expel us to Sinai”, she said.
-The weekend break in Congress was announced after Republicans in the House selected hardline conservative Jim Jordan as their newest nominee for Speaker in a secret ballot on Friday afternoon. But Jordan, the chair of the House judiciary committee and a prominent ally of former president Donald Trump, faces an uphill battle if he is to shore up enough support to win in a final vote on the floor of the House, where Republicans hold a wafer-thin majority over Democrats.
-JPMorgan Chase reported a 35% jump in profits for the third quarter, as the biggest US bank continues to reap the benefits from higher interest rates and lower than normal loan losses.
-J&T Express, a delivery company with operations in south-east Asia and China, was forced to lower the fundraising target due to lackluster investor response, according to three people familiar with the matter.The downsized listing of the group, which counts Chinese ecommerce giants Pinduoduo and ByteDance’s TikTok as its clients, comes as global investors are increasingly pessimistic over China’s growth outlook and frayed relations with the US.
-Shares in LVMH, owners of 75 luxury brands including Dior, Louis Vuitton and Tiffany, fell 7% on Wednesday after it disclosed that a post-pandemic luxury spree had slowed in Europe, and US sales of spirits such as Hennessy cognac had fallen.
-Russian authorities have detained three lawyers for Alexei Navalny after raiding their homes on extremism charges, a move allies of the jailed opposition leader say is meant to further isolate him from the outside world. Vadim Kobzev, Igor Sergunin and Alexey Liptser are being charged with being part of an extremist group, which carries a sentence of up to six years in prison, Navalny’s team said on Friday.
-A prominent US bankruptcy judge will step away from hearing large cases as a federal appeals court investigates his alleged failure to disclose a romantic relationship with a prominent bankruptcy lawyer. An order posted on Friday said cases classified as “complex”, or those with liabilities more than $200M, assigned to David R Jones, the chief judge of the US bankruptcy court for the southern district of Texas, will be transferred to other judges.
-Australia’s indigenous community leaders and Prime Minister Anthony Albanese have issued their final rallying cry in support of a historic referendum to improve the lives of the country’s First Nations population.Saturday’s referendum, known as “the Voice”, will ask Australians to decide whether to amend the constitution to recognize the country’s original inhabitants and to establish a non-binding body to advise parliament on issues that concern the 1M indigenous people.
-Former Barclays chief executive Jes Staley has been banned from working in the UK financial sector after allegedly misleading regulators about his relationship with sex offender Jeffrey Epstein.
NEW YORK TIMES
-Fears of escalation hang over battered Gaza as thousands flee south. Amid signs that Israel’s military was preparing for a ground invasion, an initial deadline that Israel gave for civilians to leave northern Gaza came and went.
-The secrets Hamas knew about Israel’s military. A gunman’s video suggests that Hamas had deep knowledge of Israel’s military secrets and weaknesses. Here is how the attacks unfolded.
-Palestinians fled from northern Gaza to the south after the Israeli army issued an unprecedented evacuation warning on Friday.
-The University of Pennsylvania is facing angry donors after an on-campus Palestinian literary conference.
-Nikki Haley knocked Donald Trump and Vivek Ramaswamy over their recent comments on Israel.
-Trapped in Gaza, Palestinian Americans said they felt abandoned by the US.
-After tension and rumors, a protest for Palestine in Times Square occurred without incident.
-Secretary of State Antony Blinken is trying to persuade Arab nations to limit their criticism of Israel.
-The CIA reports issued days before the Hamas attack did not foresee such a deadly strike.-Republicans have asked Jim Jordan (OH) for Speaker, but Delay Vote as Holdouts Balk. The Ohio congressman Jim Jordan was his party’s second nominee this week. But Republicans put off a House floor vote until next week.
-The current chaos in the House of Representatives is not the first time Republicans have found themselves rocked by a vacancy at the top.
-The charges against Senator Robert Menendez and his wife highlight how Egypt’s powerful intelligence agency wields influence.
-A teacher was killed in a terrorist stabbing at a school in France. A suspect was quickly arrested after the attack. President Emmanuel Macron said France had been “hit by the barbarity of Islamist terrorism.”
-Physicians unionize at big health care system. The physicians, at Allina Health in Minnesota and Wisconsin, appear to be the largest group of unionized doctors in the private sector.
-Kaiser Permanente has reached tentative deal with health workers, a week after a three-day walkout.
-The United Automobile Workers union said its strikes would become more unpredictable.
-In Alaska, a road to metals needed for clean energy could also cause harm. A proposed industrial road would cut through pristine wilderness in Alaska to reach a planned copper and zinc mine.
-The Supreme Court judges will hear another broad challenge to agency power. The justices apparently added the new case to ensure that Justice Ketanji Brown Jackson could take part in deciding whether to overrule a major precedent.
NY POST
-Murad Abu Murad, a top Hamas official who helped orchestrate last week’s attack in Israel, was killed during an overnight airstrike, according to the Israeli Air Force. Murad is the head of Hamas’ Air Force, the Jerusalem Post reported, citing Hebrew media. The country also recovered the bodies of several missing citizens during a raid on Gaza, the IDF confirmed.
-Walmart’s push to crack down on shoplifting at self-checkout counters with anti-theft technology has led to a surge in “hostile” encounters between hourly workers and shoppers, according to a report. The big-box chain — one of many retailers battling increasing theft that has eaten into their bottom lines — has armed employees with handheld devices that track purchases at self-checkout registers, an Insider report revealed.