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Israel rebuffs calls for ceasefire; Lebanon strike angers Hezbollah

LATEST DEVELOPMENTS:Hezbollah says response will be 'firm and strong' after strike kills 3 children in LebanonBlinken says Palestinian Authority should have central role in future of GazaPalestinian telecommunications company Paltel says communications, internet service cut again across GazaGAZA/RAMALLAH, Nov 5 (Reuters) - Israel on Sunday rebuffed growing international pressure for a ceasefire and said its forces had encircled Gaza City as the top U.S. diplomat scrambled to contain a crisis that threatened to cause further escalation in neighbouring Lebanon.Gaza was under "unprecedented bombardment" from Israel on Sunday, Palestinian news agency...
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World Bank poised to host climate loss and damage fund, despite concerns

Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
Banking

U.S. regulators agree to ramp up oversight of systemically risky non banks

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. regulators on Friday cleared the way to increase oversight of asset managers, hedge funds, and other non-banks that they believe pose risks to the financial system, reviving a tough new regime that had been sidelined under former President Donald Trump.The Financial Stability Oversight Council (FSOC), led by the Treasury Department and comprising other major agencies, also adopted a new framework...
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