Benchmark borrowing rates rise, Yair Lapid concedes defeat, Pope condemns war — Trending

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On today's episode, the central banks of the UAE, Saudi Arabia, Bahrain and Qatar raise their benchmark borrowing rates after the US Federal Reserve increased its key rate for the sixth time this year.

 

Pope Francis condemns the “monstrous and senseless reality of war” as he begins a four-day trip to Bahrain that will focus on peace between religions.

 

Israel’s Prime Minister Yair Lapid concedes defeat and instructs all branches of government to prepare for the orderly transition of power to former leader Benjamin Netanyahu.

 

Lebanon’s parliament concludes a controversial session with a decision that the caretaker government will continue operating in its limited capacity.