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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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11-Year-Old Girl Succumbs to Wounds from Iranian Missile Strike
A photo of Nesya Karadi. Photo: courtesy of her family.
i24 News – An 11-year-old girl has died nearly three weeks after being critically injured by an Iranian missile strike on her family home.
Nesya Karadi passed away Friday at Sheba Medical Center, becoming the 21st civilian fatality in Israel since the current conflict began on February 28.
The attack occurred on April 1, just hours before the start of Passover. Officials confirmed the strike involved an Iranian missile equipped with a cluster warhead; a sub-munition directly hit the Karadi home, wounding 14 people.
Among the injured was Nesya’s father, a volunteer with the Magen David Adom paramedic service. In a final act of heroism before losing consciousness from his own injuries, he reportedly administered life-saving first aid to his daughter.
Hanoch Zeibert, the Mayor of Bnei Brak, expressed the city’s deep grief over the loss of a “pure child whose whole life was ahead of her,” pledging the municipality’s full support to the Karadi family during their ordeal
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Palestinian Local Elections Give Some Gazans First Chance to Vote in Years
A Palestinian woman votes during the municipal election at a polling station in Deir al-Balah, central Gaza Strip April 25, 2026. REUTERS/Mahmoud Issa
Palestinians voted in local elections on Saturday that for the first time in two decades include Gaza and are a gauge of the political mood.
The West Bank-based Palestinian Authority has said it hopes the inclusion of the Gazan city of Deir al-Balah will reinforce its claim to authority over the territory from which it was ousted by Hamas in 2007.
Some Gazans, who are struggling to meet their basic needs in the devastated enclave, welcomed the opportunity to vote.
“As a Palestinian and a son of the Gaza Strip, I feel proud that after this war the democratic process is returning,” said voter Mamdouh al-Bhaisi, 52, at the Deir al-Balah polling station.
Turnout, however, was low at 13.8 percent in Deir al-Balah by 1 p.m. (1000 GMT) and at 25.3 percent in the West Bank, according to official figures. Voting will continue in the West Bank until 7 p.m., while in Deir Al-Balah it ends an hour earlier due to electricity constraints.
Casting his ballot in a polling station in the Al-Bireh area, near Ramallah, Palestinian President Mahmoud Abbas said eventually elections will be held across the Gaza Strip.
“Gaza is an inseparable part of the state of Palestine. Therefore, we have worked by all means to ensure that elections take place in Deir al-Balah to affirm the unity of the two parts of the country together,” he said.
ISRAEL HAS EXTENDED CONTROL OVER GAZA AND WEST BANK
Since a US-brokered ceasefire in Gaza between Hamas and Israel took effect in October, intermittent talks led by the United States have made little progress towards a settlement that envisages international supervision of Gaza.
European and Arab governments broadly support an eventual return of Palestinian Authority governance in Gaza, together with the establishment of an independent Palestinian state. It would comprise Gaza, East Jerusalem and the West Bank, where the Palestinian Authority exercises limited self-rule.
Western diplomats say local elections could be a step towards the first national elections in nearly two decades and advance reforms to increase transparency and accountability that the PA says are under way.
“We hope that the procedure carried out today will be crowned with legislative and presidential elections,” said Munif Treish, one of the candidates in the West Bank.
Saturday’s vote is the first of any kind in Gaza since 2006 and the first Palestinian elections to be held since the Gaza war started more than two years ago with a cross-border Hamas assault on southern Israeli communities. Municipal elections were last held in the West Bank four years ago.
STRUGGLE TO PAY WAGES AS ISRAEL WITHHOLDS FUNDS
The Palestinian Authority has struggled to pay wages as Israel withholds tax revenues it collects on its behalf, raising fears of economic collapse. Israel justifies withholding the funds in protest at welfare payments to prisoners and families of those killed by its forces, which it says incentivize attacks.
The Israeli government has also taken steps to help settlers acquire West Bank land. Finance Minister Bezalel Smotrich has repeatedly said: “We will continue to kill the idea of a Palestinian state.”
In Deir al-Balah, which has suffered less damage from Israel’s assault since 2023 than other Gazan cities, banners bearing candidate lists hang from buildings.
The Palestinian election committee cited widespread destruction among the reasons voting could not be held across the rest of Gaza, more than half of which is controlled by Israel, with the rest under Hamas rule.
HAMAS BOYCOTTS VOTE BUT SOME CANDIDATES ARE ALIGNED
Some Palestinian factions are boycotting the elections in protest at the PA’s request that candidates back its agreements, which include recognition of the state of Israel.
Hamas, which has ruled Gaza for nearly two decades, has not formally nominated any candidates but one list in the Deir al-Balah election is widely viewed by residents and analysts as aligned with it.
Analysts say the performance of candidates linked to the militant group could gauge its popularity. Most candidates, including in the West Bank, are running under Fatah, the main political movement behind the PA, or as independents.
Hamas has said it would respect the results. Palestinian sources told Reuters ahead of the vote that the group’s civil policemen would be deployed to safeguard polling stations in Gaza.
The Palestinian Central Elections Committee said more than one million Palestinians, including 70,000 in Gaza, are eligible to vote, with results expected late on Saturday or on Sunday.
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Iran Says It Won’t Accept ‘Maximalist Demands’ as Islamabad Hosts Peace Push
Iran’s Foreign Minister Abbas Araqchi meets with Pakistan’s Foreign Minister Ishaq Dar, as Pakistan prepares to host the US and Iran for the second phase of peace talks, in a location given as Islamabad, Pakistan, released April 25, 2026. Photo: ESMAEIL BAQAEI VIA X/Handout via REUTERS
Iranian Foreign Minister Abbas Araqchi laid out Iran’s demands and its reservations about US positions on Saturday as Islamabad hosted a new push to end a war that has killed thousands and roiled global markets.
Though details of the talks were scant, Araqchi met Pakistani Prime Minister Shehbaz Sharif and other high-ranking officials. The White House had earlier announced that President Donald Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner would travel to the Pakistani capital on Saturday, but Iran has so far ruled out a new round of direct talks.
Washington and Tehran are at an impasse as Iran has largely closed the Strait of Hormuz, which normally carries one-fifth of global oil shipments, while the US blocks Iran’s oil exports.
IRAN SETS OUT ITS ‘PRINCIPLED POSITIONS’
The conflict, in which a ceasefire is now 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 about US positions in the talks, an Iranian diplomatic source in Islamabad told Reuters: “Principally, Iranian side will not accept maximalist demands.”
US Defense Secretary Pete Hegseth had earlier told reporters that Iran had a chance to make a “good deal.”
“Iran knows that they still have an open window to choose wisely,” he said. “All they have to do is abandon a nuclear weapon in meaningful and verifiable ways.”
Araqchi arrived in Islamabad on Friday. But an Iranian foreign ministry spokesperson posted on X that Iranian officials did not plan to meet US representatives and that Tehran’s concerns would be conveyed to mediator Pakistan.
Trump told Reuters on Friday that Iran planned to make an offer aimed at satisfying US demands but that he did not know what the offer entailed. He declined to say who Washington was negotiating with, “but we’re dealing with the people that are in charge now.”
White House press secretary Karoline Leavitt said the US had seen some progress from the Iranian side in recent days and hoped more would come this weekend, while Vice President JD Vance was ready to travel to Pakistan as well.
CEASEFIRES IN PLACE, FEW SHIPS CROSSING HORMUZ
Days after Trump extended the ceasefire, international flights resumed from Tehran’s Imam Khomeini International Airport on Saturday, Iranian media said. The first passengers had departed for Medina, in Saudi Arabia, Muscat and Istanbul, with operations expected to accelerate in the coming days.
“Well, it’s a good feeling. When flights resume, trade is done, and people can do their jobs. It’s a good feeling,” said one passenger at the airport, where passengers were queuing at check-in desks.
Iranian airspace has been largely closed since the start of the war. Tens of thousands of flights have been canceled, rerouted and rescheduled worldwide, shutting much of the Middle East’s airspace because of missile and drone threats.
Trump unilaterally extended a two-week ceasefire on Tuesday to allow more time to reconvene the negotiators.
Oil prices surged this week, with Brent crude futures soaring 16 percent, on uncertainty over the fate of the peace talks and as violence flared in the region.
Shipping data on Friday showed that five ships had crossed the Strait of Hormuz in the previous 24 hours, compared to around 130 a day before the war. The ships included an Iranian oil-products tanker but none of the vast crude-carrying supertankers that normally feed global energy markets.
Data analytics firm Vortexa said this week it had recorded 35 total transits through the US blockade from April 13 to 22, involving Iran-linked or sanctioned vessels for inbound and outbound journeys.
“The enemy, whose objective of crippling Iran’s missile and military capabilities has failed, is now seeking an honorable exit from the quagmire of war,” Iranian media quoted a defense ministry spokesperson as saying. “Iran is today in firm control of the Strait of Hormuz.”
Iranian state TV quoted the country’s top military command as reiterating that Iran would react if US forces continued their “blockade and piracy” in the region.
On Thursday, Israel and Lebanon extended their ceasefire for three weeks at a White House meeting brokered by Trump, but there was little sign of an end to the fighting in southern Lebanon.
Israel invaded its northern neighbor last month to root out Iran’s Hezbollah allies after the militant group fired across the border in support of Iran. Tehran says a ceasefire there is a precondition for talks.
Four people were killed in Israeli strikes on southern Lebanon on Saturday, Lebanon’s state news agency reported, and Hezbollah fired rockets at Israel, the Israeli military said, in the latest challenge to the ceasefire there.