Sources close to the situation have revealed that Apollo Global Management is currently in discussions with AlShaya Group to potentially acquire the Starbucks franchise in the Middle East. This move would mark Apollo’s first foray into the coffee industry, as the private equity firm looks to diversify its portfolio. Both parties have not yet reached a final agreement, but negotiations are said to be progressing positively.
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OTTAWA (Reuters)Canada plans to recognize a Palestinian state at the United Nations in September, according to Prime Minister Mark Carney. This decision depends on the Palestinian Authority's commitment to governance reforms and holding general elections in 2026, excluding Hamas from participation. Want More Context? 🔎
Read moreIn a march near Gaza, hundreds of Israeli settlers sought to reclaim the territory, expressing a desire to return to the area evacuated in 2005. Despite Prime Minister Netanyahu's official stance against restoring settlements, some settlers believe a political opportunity exists, encouraged by hardline government members, with calls to "take back our land" echoing among participants. Want More Context? 🔎
Read moreThe U.S. Treasury Department imposed new sanctions on over 115 Iran-linked individuals, entities, and vessels, primarily targeting the shipping interests of Mohammad Hossein Shamkhani, son of a key advisor to Iran's Supreme Leader. This significant action aims to disrupt a network profiting from oil trade and sanctions evasion, reinforcing the Trump administration's "maximum pressure" campaign against Iran, while not expected to disturb global oil markets. Want More Context? 🔎
Read moreHezbollah leader refuses US calls for disarmamentNaim Qassem, Hezbollah's deputy leader, rejected US pressure to disarm the group, stating that demands to submit arms equate to submitting to Israel. In a televised address, he emphasized that Hezbollah would not surrender its weapons, framing their struggle as a duty that endures regardless of time. Want More Context? 🔎
Read moreBritain plans to recognize a Palestinian state in September unless Israel improves conditions in Gaza and commits to a two-state solution, following France's similar announcement. The two-state solution, aimed at establishing Palestine alongside Israel, faces significant challenges, including expanding Israeli settlements and unresolved core issues from the 1947 UN partition plan and subsequent conflicts. Want More Context? 🔎
Read moreThe anticipated ceasefire deal following the Israeli Defense Forces' successes has collapsed, with Iran reportedly instructing Hamas to resist negotiations instead of proceeding with a resolution. This development highlights Tehran's subtle but significant influence over the dynamics of the conflict in Gaza. Want More Context? 🔎
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