Norway’s $2 trillion sovereign wealth fund announced it is terminating contracts with asset managers for Israeli investments and has divested from 11 Israeli companies due to concerns over the situation in Gaza and the West Bank. This follows an urgent review sparked by reports of investments in an Israeli jet engine group linked to the military, despite parliament previously rejecting a total divestment proposal.
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Iraq announces nationwide power outage amid ‘record’ heat
On Monday, Iraq experienced a total electricity outage as soaring summer temperatures reached up to 50°C, driven by increased demand and an influx of pilgrims for a religious event. While most households rely on private generators, the electricity ministry reported a loss of over 6,000 megawatts, with restoration efforts underway, although frequent outages remain a concern amid worsening climate conditions. Want More Context? 🔎
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