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Palestinian retaliation

At least three Israelis are killed and four others injured in a Palestinian operation in the central city of Elad. Israeli medics have confirmed the casualties. Israeli police say they have launched a manhunt to find a vehicle that fled the scene. They did not provide details about the perpetrators. The incident coincides with Nakba or day of catastrophe, an anniversary Palestinians mark to remember the creation of Israel and the forceful expulsion of their loved ones from their ancestral land in 1948. Meanwhile, Palestinian resistance movements, Hamas and Islamic Jihad have praised Thursday’s operation. They describe it as a consequence of Israel's raids and brutality across the occupied territories, including at the Al-Aqsa mosque compound. Dozens of Palestinians have been killed and hundreds injured in those raids in recent weeks.

China US criticism

China has censured the United States for spreading disinformation on Beijing’s stance regarding the conflict in Ukraine. Zhao reiterated China’s impartiality in the Ukraine war. He was responding to a statement by the US Department of State that Chinese officials and media helped spread Russian propaganda about Ukraine. The spokesman said the US has been disseminating false information about China ever since the conflict began. Zhao criticized Washington for being a driving force behind the Ukraine crisis. The official urged the White House to work with the international community to promote a political solution to the conflict.

Wall Street in red

US stocks suffer big losses amid investors’ concerns over shifting monetary policy and rising economic risks due to inflation. The Dow Jones industrial average plunged over three percent while the broad-based S&P 500 index slid nearly 3.5 percent on Thursday. And, the tech-rich Nasdaq Composite Index tumbled five-percent. The fall of the three main Wall Street benchmarks erased gains made a day before. That’s when the Federal Reserve approved a rare half-percentage-point interest rate increase as expected, but ruled out a three-quarter point raise. However, investors remain worried that the Fed’s hike would not be enough to tame inflation, which has soared to over eight percent, the highest since the 1980s.

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