More killings as Israeli warplanes target children’s hospital in Gaza

News Network

November 6, 2023

Israel has targeted a children’s hospital in Gaza as the regime’s brutal aggression on the besieged strip has entered its 31st day.

Palestinian sources said the Israeli army hit Al-Rantisi Children's Hospital in the early hours of Monday, leaving an unspecified number of people killed and injured.

Israeli airstrikes on Gaza have repeatedly targeted hospitals, residential buildings, mosques, and churches. Under the Geneva Convention, attacks on hospitals are strictly prohibited.

The Palestinian resistance movement Hamas urged the United Nations secretary-general to form an international committee to visit hospitals in the besieged strip to counter Israel’s “false” claims that they are used as launch pads for anti-Israel operations.

Hamas noted that the claims are aimed to “justify” Israel’s attacks on hospitals in Gaza.

According to the statement, the Israeli army targeted more than 100 hospitals and medical centers since the start of the aggression which left 16 hospitals out of service.

On October 17, hundreds of civilians were killed and injured by Israeli airstrikes on al-Ahli Arab Hospital in Gaza City. The attack has been condemned as an act of genocide by many governments around the world.

Several hospitals in Gaza City have become refuges for Palestinians hoping to be spared Israeli bombardments, which began early in October.َ

Also on Monday, fifteen Palestinians were killed in an Israeli strike that targeted a residential building in Tel al-Sultan neighborhood in the southern province of Rafah.

The Israeli strikes also hit a home in the Jabalia refugee camp in northern Gaza, leaving three people killed and several others injured.

Fierce strikes were also reported in other areas across the coastal sliver, including Khan Yunis in southern Gaza.

Other reports said that Israeli airstrikes also killed three people in Khan Yunis City, while three other deaths were recorded in the northern city of Beit Hanoun.

Israeli army conducted 450 strikes overnight, according to the regime’s military.

Medical sources said 45 Palestinians were killed in overnight strikes on Deir al-Balah and al-Zawaida Town.

Israel launched the war on Gaza on October 7 after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime’s decades-long campaign of violence against Palestinians.

Tel Aviv has also blocked water, food, and electricity to Gaza, plunging the coastal strip into a humanitarian crisis.

The regime has further ordered 1.1 million people in the north of Gaza to evacuate and move south of the coastal sliver.

However, it has continued to rain down bombs on the south.

According to the Gaza-based health ministry, at least 9,770 Palestinians have been killed in the strikes, 70 percent of whom are women and children.

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Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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