Catch Live Updates from the Israeli Gaza war, as Israeli Prime Minister Benjamin Netanyahu said on Monday that a new offensive in Gaza will be a deadly intensive military operation aimed at defeating Hamas, but stopped short of detailing just how much of the enclave’s territory would be seized.
The diplomatic flare-up and exchanges of small arms fire across the border in Kashmir has alarmed world and regional powers. Moody’s said the standoff could hurt Pakistan’s $350 billion economy, which is on a path to recovery after securing a $7 billion bailout programme from the International Monetary Fund last year and staving off a default threat.
“Sustained escalation in tensions with India would likely weigh on Pakistan’s growth and hamper the government’s ongoing fiscal consolidation, setting back Pakistan’s progress in achieving macroeconomic stability,” Moody’s said.