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Economy

UN fears US designation of Houthis could harm Yemen’s economy

The United Nations fears that a US decision to return Yemen's Houthi rebels to a list of terrorist groups could harm the war-torn country's economy, particularly commercial imports of essential items, a senior UN aid official said on Wednesday.The US move, announced last month, takes effect on Friday and hits the Iran-aligned group with harsh sanctions that aim to cut off funding and weapons the Houthis have used in their stepped-up attacks on ships in vital Red Sea shipping lanes.The UN aid operations director, Edem Wosornu, said that while...
Banking

US sanctions on West Bank settlers: Far more expansive than many realize

The US recently signed on a special presidential order against four Israeli settlers involved in violence against Palestinians in the West Bank: Shalom Zicherman, Yinon Levi, David Chai Chasdai, and Einan Tanjile. According to the order, the four were involved in arson that led to harm to human life, threats against Palestinian farmers who abandoned their homes, and physical harm to Palestinians.The order is considered unusually severe and is mainly given to exclusively to terrorists in times of war or to impede their economic activities. This blacklist, which is...
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