RSS
US ‘Very Troubled’ by Norway Wealth Fund’s Divestment From Caterpillar
An armored caterpillar bulldozer stands on a street during an Israeli raid at Tulkarm, in the West Bank, Feb. 18, 2024. Photo: REUTERS/Raneen Sawafta
President Donald Trump’s administration said on Wednesday it was “very troubled” by the Norwegian sovereign wealth fund’s divestment of US construction equipment group Caterpillar, and is engaging with Norway‘s government on the issue.
Norway‘s $2 trillion wealth fund, the world’s largest, said last week it had divested from Caterpillar on ethics grounds over the use of the company’s products by Israeli authorities in Gaza and the West Bank.
The fund’s ethics watchdog said that in its assessment, Caterpillar‘s products such as bulldozers were being used by Israeli authorities “to commit extensive and systematic violations of international humanitarian law” such as the “widespread unlawful destruction of Palestinian property.”
The watchdog said Caterpillar has “not implemented any measures to prevent such use.” Caterpillar has not responded to requests for comment on the move by the fund, which is operated by Norway‘s central bank.
“We are very troubled by the Norwegian sovereign wealth fund’s decision, which appears to be based on illegitimate claims against Caterpillar and the Israeli government,” a US State Department spokesperson said.
“We are engaging directly with the Norwegian government on this matter.”
Trump ally and Republican US Senator Lindsey Graham has suggested Washington should impose tariffs and visa revocations in retaliation.
‘NOT A POLITICAL DECISION’
In Norway, Finance Minister Jens Stoltenberg said there was a division of roles between the finance ministry, the central bank, and the fund’s ethics watchdog, which makes recommendations to divest from companies if they breach its ethical guidelines, agreed by parliament.
“The government is not involved in assessing individual companies,” Stoltenberg said in an emailed statement to Reuters.
“The decision to exclude companies is an independent decision made by the Executive Board of Norges Bank, in accordance with the established framework. It is not a political decision.”
Stoltenberg also said he had been in touch with US President Trump’s economic adviser, Kevin Hassett, on Tuesday.
“We discussed trade and tariffs, economic sanctions against Russia and support for Ukraine,” he said. “The pension fund was not a topic of discussion.”
The fund’s operator, Norges Bank Investment Management, a unit of the central bank, declined to comment and referred inquiries to the finance ministry.
The foreign ministry did not immediately reply to a request for comment.
Firms have faced protests over ties with Israel as the humanitarian crisis in Gaza continues amid Israel’s military campaign against the Palestinian terrorist group Hamas.
Palestinian terrorists led by Hamas started the war in Gaza on Oct. 7, 2023, when they invaded southern Israel, murdered 1,200 people, and kidnapped 251 hostages.
Israel responded with its campaign aimed at freeing the hostages and dismantling Hamas’s military capabilities and political rule in Gaza.
RSS
After False Dawns, Gazans Hope Trump Will Force End to Two-Year-Old War
Palestinians walk past a residential building destroyed in previous Israeli strikes, after Hamas agreed to release hostages and accept some other terms in a US plan to end the war, in Nuseirat, central Gaza Strip October 4, 2025. Photo: REUTERS/Mahmoud Issa
Exhausted Palestinians in Gaza clung to hopes on Saturday that US President Donald Trump would keep up pressure on Israel to end a two-year-old war that has killed tens of thousands and displaced the entire population of more than two million.
Hamas’ declaration that it was ready to hand over hostages and accept some terms of Trump’s plan to end the conflict while calling for more talks on several key issues was greeted with relief in the enclave, where most homes are now in ruins.
“It’s happy news, it saves those who are still alive,” said 32-year-old Saoud Qarneyta, reacting to Hamas’ response and Trump’s intervention. “This is enough. Houses have been damaged, everything has been damaged, what is left? Nothing.”
GAZAN RESIDENT HOPES ‘WE WILL BE DONE WITH WARS’
Ismail Zayda, 40, a father of three, displaced from a suburb in northern Gaza City where Israel launched a full-scale ground operation last month, said: “We want President Trump to keep pushing for an end to the war, if this chance is lost, it means that Gaza City will be destroyed by Israel and we might not survive.
“Enough, two years of bombardment, death and starvation. Enough,” he told Reuters on a social media chat.
“God willing this will be the last war. We will hopefully be done with the wars,” said 59-year-old Ali Ahmad, speaking in one of the tented camps where most Palestinians now live.
“We urge all sides not to backtrack. Every day of delay costs lives in Gaza, it is not just time wasted, lives get wasted too,” said Tamer Al-Burai, a Gaza City businessman displaced with members of his family in central Gaza Strip.
After two previous ceasefires — one near the start of the war and another earlier this year — lasted only a few weeks, he said; “I am very optimistic this time, maybe Trump’s seeking to be remembered as a man of peace, will bring us real peace this time.”
RESIDENT WORRIES THAT NETANYAHU WILL ‘SABOTAGE’ DEAL
Some voiced hopes of returning to their homes, but the Israeli military issued a fresh warning to Gazans on Saturday to stay out of Gaza City, describing it as a “dangerous combat zone.”
Gazans have faced previous false dawns during the past two years, when Trump and others declared at several points during on-off negotiations between Hamas, Israel and Arab and US mediators that a deal was close, only for war to rage on.
“Will it happen? Can we trust Trump? Maybe we trust Trump, but will Netanyahu abide this time? He has always sabotaged everything and continued the war. I hope he ends it now,” said Aya, 31, who was displaced with her family to Deir Al-Balah in the central Gaza Strip.
She added: “Maybe there is a chance the war ends at October 7, two years after it began.”
RSS
Mass Rally in Rome on Fourth Day of Italy’s Pro-Palestinian Protests
A Pro-Palestinian demonstrator waves a Palestinian flag during a national protest for Gaza in Rome, Italy, October 4, 2025. Photo: REUTERS/Claudia Greco
Large crowds assembled in central Rome on Saturday for the fourth straight day of protests in Italy since Israel intercepted an international flotilla trying to deliver aid to Gaza, and detained its activists.
People holding banners and Palestinian flags, chanting “Free Palestine” and other slogans, filed past the Colosseum, taking part in a march that organizers hoped would attract at least 1 million people.
“I’m here with a lot of other friends because I think it is important for us all to mobilize individually,” Francesco Galtieri, a 65-year-old musician from Rome, said. “If we don’t all mobilize, then nothing will change.”
Since Israel started blocking the flotilla late on Wednesday, protests have sprung up across Europe and in other parts of the world, but in Italy they have been a daily occurrence, in multiple cities.
On Friday, unions called a general strike in support of the flotilla, with demonstrations across the country that attracted more than 2 million, according to organizers. The interior ministry estimated attendance at around 400,000.
Italy’s right-wing government has been critical of the protests, with Prime Minister Giorgia Meloni suggesting that people would skip work for Gaza just as an excuse for a longer weekend break.
On Saturday, Meloni blamed protesters for insulting graffiti that appeared on a statue of the late Pope John Paul II outside Rome’s main train station, where Pro-Palestinian groups have been holding a protest picket.
“They say they are taking to the streets for peace, but then they insult the memory of a man who was a true defender and builder of peace. A shameful act committed by people blinded by ideology,” she said in a statement.
Israel launched its Gaza offensive after Hamas terrorists staged a cross border attack on October 7, 2023, killing some 1,200 people and taking 251 people hostage.
RSS
Hamas Says It Agrees to Release All Israeli Hostages Under Trump Gaza Plan
Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip, October 2, 2025. Photo: REUTERS/Dawoud Abu Alkas
Hamas said on Friday it had agreed to release all Israeli hostages, alive or dead, under the terms of US President Donald Trump’s Gaza proposal, and signaled readiness to immediately enter mediated negotiations to discuss the details.