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NYT Brass Takes Action to Stop Leaks on Gaza Coverage

An internal leak investigation ended without a “definitive conclusion,” as the Times cuts ties with a controversial Israeli freelancer.

The post New York Times Brass Moves to Staunch Leaks Over Gaza Coverage appeared first on The Intercept.

News

NBC Rejects Trump Voice, Embraces War Party

The network has another problem: retired generals and admirals who have a personal stake in what they comment on.

The post NBC Rejects Trump Voice but Embraces War Party appeared first on The Intercept.

National Security

Spy Agencies Manipulated Intelligence for Trump and Obama | TOME

“Individuals looked to avoid conflict and please political masters,” a Pentagon-backed RAND corporation study finds.

The post Spy Agencies Skewed Intel to Please Trump, and Obama Too appeared first on The Intercept.

News

Israel’s Leader Resigned 50 Years Ago Due to Major Intel Failure

The Hamas surprise attack isn’t history rhyming, it’s a reprise of 1973’s Yom Kippur War — and it doesn’t bode well for Benjamin Netanyahu.

The post A Half-Century Ago, Another Major Intel Failure Saw Israel’s Leader Resign appeared first on The Intercept.

Business

Crude Oil Updates: Monthly Gain Expected as Supply Tightens

HOUSTON: Oil prices edged higher on Friday with Brent poised for its first monthly gain this year, as a big drawdown in US oil stocks outweighed concerns that fuel demand will be dented further by more interest rate hikes, according to Reuters. Brent crude futures for September delivery rose 16 cents or 0.2 percent to stand at $74.67 as of 7:05 a.m. Saudi time. The less-traded front month contract, which expires on Friday, was up 30 cents at $74.64. US West Texas Intermediate crude gained 8 cents or 0.1 percent to $69.95.
Business

“Soft Dollar Boosts Appeal: Gold Prices Rise”

RIYADH: Gold climbed on Monday after a weaker dollar made bullion more attractive for overseas investors, although prices hovered close to three-month lows as traders assessed prospects of more interest rate hikes by the US Federal Reserve. Spot gold rose 0.3 percent to $1,926.19 per ounce by 8:38 a.m. Saudi time. US gold futures also gained 0.3 percent to $1,936.00. Bullion slumped nearly 2 percent in the previous week as hawkish comments from Fed officials signaled more rate hikes to tame sticky inflation.
Business

Egypt’s Central Bank Maintains Stable Interest Rates

CAIRO: The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to be falling and economic growth is likely to recover in the fiscal year that begins next week. As expected, the bank’s Monetary Policy Committee (MPC) left the lending rate steady at 19.25 percent and the deposit rate at 18.25 percent. Not one of 17 analysts polled by Reuters on Monday had forecast a change.
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