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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
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Mali’s Defense Minister Reported Dead in Major Weekend Assault
FILE PHOTO: A Malian soldier stands in position with his weapon during an attack on Mali’s main military base Kati outside the capital Bamako, Mali April 25, 2026. Photo: REUTERS/Stringer/File Photo
Mali’s Defense Minister Sadio Camara was killed in an attack by an al Qaeda affiliate on his residence near the main army base outside Bamako on Saturday, France’s RFI radio and two relatives said on Sunday.
The operation in Kati, 15 km north of Bamako, was part of a wider assault by the affiliate, Jama’at Nusrat al-Islam wal-Muslimin (JNIM), which cooperated with a Tuareg-dominated rebel group in what analysts and diplomats described as one of the largest coordinated attacks in the country in recent years.
A relative of Camara’s told Reuters he had been killed, while a Malian journalist known to be a brother-in-law of the defense minister posted about his death on Facebook.
A spokesperson for Mali’s defense ministry and a government spokesperson did not respond to requests for comment on Sunday. A statement by the armed forces said operations were continuing in various parts of the country to repel the insurgents.
A Reuters witness reported gunfire in Kati on Sunday morning.
MAJOR SHOCK FOR MALI’S MILITARY LEADERS
The United Nations called for an international response to violence and terrorism in West Africa’s Sahel region following Saturday’s assault, for which authorities have not provided a death toll.
“The Secretary‑General is deeply concerned by reports of attacks in several locations across Mali. He strongly condemns these acts of violence,” a U.N. spokesperson posted on X.
If confirmed, Camara’s death would represent a major shock for Mali’s military leaders, said Djenabou Cisse, associate fellow at the Foundation for Strategic Research (FRS), which specializes in West African security.
The current government, led by Assimi Goita, took power after coups in 2020 and 2021 and has pursued closer ties with Russia while spurning Western military cooperation – a strategy Camara promoted.
“As a key figure within the junta and a central architect of the Mali–Russia rapprochement, his removal would underscore JNIM’s capacity to strike at the core of state power,” Cisse said.
FATE UNCLEAR OF STRATEGIC CITY KIDAL
In addition to Kati, Saturday’s strike hit near Bamako airport and in localities further north, including Mopti, Sevare and Gao.
The fate of the strategic city of Kidal, a former stronghold for the Azawad Liberation Front (FLA), the Tuareg-dominated group that partnered with JNIM, was unclear on Sunday.
The FLA said in a statement that Kidal had fallen, and a spokesperson for the group said on X that a deal had been struck to let Russian mercenaries leave a besieged camp outside the city where Malian armed forces were still entrenched.
But Sunday’s statement from Mali’s armed forces said operations to repel the insurgents were still underway in Kidal among other places.
Ulf Laessing, head of the Sahel program at German think tank the Konrad Adenauer Foundation, said the attack was a setback for Russia, which backed the military-led government after it kicked out French, US and other Western forces.
“For Russia the attack has been a disaster,” Laessing said. “They were unable to prevent the fall of the highly symbolic Tuareg stronghold of Kidal and now need to leave this northern city.”
GOVERNMENT HAD PROMISED TO DELIVER GREATER SECURITY
Russian state‑run broadcaster Vesti reported on Sunday that Russia’s Africa Corps was repelling a large‑scale Islamist attack on Mali’s government.
According to Vesti, Russian personnel were responding along with units of Mali’s Presidential Guard and armed forces, preventing the presidential palace from being seized.
Vesti said some members of Russia’s Africa Corps were wounded, without providing further details.
Saturday’s attacks are the latest sign that Mali’s government has failed to deliver greater security despite promising to do so.
In September 2024, JNIM attacked a gendarmerie training school near Bamako airport, killing about 70 people. More recently, it carried out an effective fuel blockade that has starved the capital’s residents and businesses of power and supplies.
The government has recently pursued closer ties with Washington, which has sought to rebuild cooperation on security and explore mining opportunities.
Mali’s foreign minister told Reuters on Monday that neighboring states and foreign powers were backing terrorist groups, but declined to name the countries.
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Trump Safe After Being Rushed from White House Correspondents Dinner, Shooter in Custody
U.S. President Donald Trump is escorted out as a shooter opens fire during the annual White House Correspondents’ Association dinner in Washington, D.C., U.S., April 25, 2026, in this screen capture from video. REUTERS/Bo Erickson
President Donald Trump and first lady Melania Trump were rushed out of the White House Correspondents’ Association dinner by Secret Service agents on Saturday night after a man armed with a shotgun tried to breach security, officials said.
A man armed with a shotgun fired at a Secret Service agent, an FBI official told Reuters. The agent was hit in an area covered by protective gear and not harmed, the official said.
All federal officials, including Trump, were safe. About an hour after Trump was rushed from the event, he posted on Truth Social that a “shooter had been apprehended.”
“Quite an evening in D.C. Secret Service and Law Enforcement did a fantastic job,” Trump added.
Shortly afterwards, he posted, “The First Lady, plus the Vice President, and all Cabinet members, are in perfect condition.” He said he would be holding a White House press conference on Saturday night.
Anthony Guglielmi, a Secret Service spokesman, said the service was investigating a shooting near the main screening area at the entrance to the event.
After the sound of shots, dinner attendees immediately stopped talking and people started screaming “Get down, get down!”
Hundreds of guests dove under the tables as Secret Service officers in combat gear ran into the dining room. Trump and the first lady had bent down behind the dais before being hustled out by Secret Service officers.
Many of the 2,600 attendees took cover while waiters fled to the front of the dining hall.
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Trump Cancels Envoys’ Pakistan Trip, in Blow to Hopes for Iran War Breakthrough
US President Donald Trump speaks on the day he honors reigning Major League Soccer (MLS) champion Inter Miami CF players and team officials with an event in the East Room of the White House in Washington, DC, US, March 5, 2026. Photo: REUTERS/Jonathan Ernst
President Donald Trump canceled a trip by two US envoys to Iran war mediator Pakistan on Saturday, dealing a new setback to peace prospects after Iran’s foreign minister departed Islamabad after speaking only to Pakistani officials.
While peace talks failed to materialize Saturday, Israeli Prime Minister Benjamin Netanyahu ordered his troops to “forcefully” attack Hezbollah targets in Lebanon, his office said, further testing a three-week ceasefire.
Trump told reporters in Florida that he decided to call off the planned visit by US envoys Steve Witkoff and Jared Kushner because the talks in Islamabad involved too much travel and expense, and Iran’s latest peace offer was not good enough for him.
Before boarding Air Force One on Saturday for a return flight to Washington, Trump said Iran had improved an offer to resolve the conflict after he canceled the visit, “but not enough.”
In a social media post, Trump also wrote there was “tremendous infighting and confusion” within Iran’s leadership.
“Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!” he posted on Truth Social.
Iranian Foreign Minister Abbas Araqchi earlier left the Pakistani capital without any sign of a breakthrough in talks with Pakistani Prime Minister Shehbaz Sharif and other senior officials.
Araqchi later described his visit to Pakistan as “very fruitful,” adding in a social media post that he had “shared Iran’s position concerning (a) workable framework to permanently end the war on Iran. Have yet to see if the U.S. is truly serious about diplomacy”.
Iranian media reported that Araqchi had flown to Oman’s capital Muscat, saying he will meet with senior officials to “discuss and exchange views on bilateral relations and regional developments”.
Sharif wrote in a post on X that he spoke with Iranian President Masoud Pezeshkian about the regional security situation and told him that Pakistan was committed to serving “as an honest and sincere facilitator — working tirelessly to advance durable peace and lasting stability.”
Tehran has ruled out a new round of direct talks with the United States and an Iranian diplomatic source said his country would not accept Washington’s “maximalist demands.”
IRAN AND US AT AN IMPASSE
Washington and Tehran are at an impasse as Iran has largely closed the Strait of Hormuz, which normally carries one-fifth of global oil and liquefied natural gas shipments, while the US blocks Iran’s oil exports.
The conflict, in which a ceasefire is in force, began with US-Israeli airstrikes on Iran on February 28. Iran has since carried out strikes against Israel, US bases and Gulf states, and the war has pushed up energy prices to multi-year highs, stoking inflation and darkening global growth prospects.
Araqchi “explained our country’s principled positions regarding the latest developments related to the ceasefire and the complete end of the imposed war against Iran,” said a statement on the minister’s official Telegram account.
Asked about Tehran’s reservations over US positions in the talks, an Iranian diplomatic source in Islamabad told Reuters: “Principally, Iranian side will not accept maximalist demands.”
White House press secretary Karoline Leavitt had said the US had seen some progress from the Iranian side in recent days and hoped more would come over the weekend, while Vice President JD Vance was ready to travel to Pakistan as well.
Vance led a first round of unsuccessful talks with Iran in Islamabad earlier this month.