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EU reaches 'political agreement' to sanction Israeli settlers: Borrell

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EU reaches 'political agreement' to sanction Israeli settlers: Borrell

After weeks of disagreements, the European Union has reached a “political agreement” to sanction extremist Israeli settlers, says Josep Borrell.

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The breakthrough occurred during a meeting of the bloc’s foreign affairs ministers on Monday, where the issue was put on the table to give diplomacy a new chance.

“We discussed about the sanctions (on) Hamas. And we agreed on sanctions on extremist settlers. It was not possible last Foreign Affairs Council. This time has been possible. A solid compromise has been agreed at the working level and I hope this will continue until full adoption soon,” the bloc’s foreign policy chief announced at the end of the meeting. “But the political agreement is there.”

The sanctions have been in the works for months and were initially held up by a handful of countries, including Germany, the Czech Republic and Austria, who are among the bloc’s staunchest supporters of Israel.

But the devastation wrought across the Gaza Strip and the continued reports of violence perpetrated by Israeli nationals against Palestinians injected a sense of urgency into the talks, which further deepened after the United States, the United Kingdom and France went ahead and sanctioned a handful of extremist settlers.

The final roadblock was Hungary, which, according to diplomats, communicated last week that it would lift the opposition, raising hopes for a breakthrough on Monday.

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The political agreement still requires a final adoption by ambassadors before entering into force. Settlements in the West Bank are illegal under international law and are considered a major obstacle to achieving a durable peace under the two-state solution.

The sanctions are “about specific people who have been identified as responsible for violent acts,” Borrell told reporters, confirming the restrictions will consist of a travel ban and the freezing of assets owned in EU territory. “What else can we do? We always sanction individuals and organisations in the same way.”

Asked about the names of the blacklisted settlers, Borrell added: “Like the Quixote would say, I don’t want to remember.”

The decision was part of a careful diplomatic choreography to coincide with fresh sanctions against Hamas, which the bloc considers a terrorist organisation.

In reaction to the attacks of 7 October, which killed over 1,100 civilians in Israel, the EU established a dedicated sanctions regime to target any individual or entity suspected of supporting, materially or financially, Hamas and the Palestinian Islamic Jihad (PIJ).

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Six financiers were added to the blacklist on 19 January.

‘Open-air graveyard’

Monday’s meeting of foreign affairs ministers took place as the Integrated Food Security Phase Classification (IPC) released a new report showcasing the extreme gravity of the humanitarian crisis in Gaza, where more than 31,000 people have been killed since the start of the Israeli offensive.

According to the IPC, “the entire population in the Gaza Strip (2.23 million) is facing high levels of acute food insecurity,” with half the population under the category of catastrophe. In the northern section of the enclave, famine is “imminent.”

The military conflict, the scarcity of humanitarian aid and the limited access to food supplies, healthcare, water and sanitation are all factors behind the deterioration.

“The escalation of hostilities has caused widespread damage to assets and infrastructure indispensable to survival. About 50 percent of buildings – and more than 70 percent in the northern governorates – have been damaged or destroyed,” the report says.

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Before heading into the meeting, Josep Borrell, the EU’s foreign policy chief, painted a grim picture of the situation on the ground.

“Gaza was before the war the greatest open-air prison. Today it is the greatest open-air graveyard. A graveyard for tens of thousands of people, and also a graveyard for many of the most important principles of humanitarian law,” Borrell told reporters.

Borrell also said he would propose a “political orientation debate” about the future of the EU-Israel Association Agreement, which has been in force since 2000. Last month, Spain and Ireland, two of the bloc’s most critical voices against Prime Minister Benjamin Netanyahu, joined forces and called for an “urgent review” of the agreement.

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But during the ministerial meeting, at least six member states came against the review: Germany, Italy, Austria, the Czech Republic, Bulgaria and Hungary, several diplomats told Euronews, speaking on condition of anonymity.

Borrell admitted convening a formal Association Council with Israel would be “certainly complicated” and lacked “strong support.” A more practical idea would be to invite Israel’s foreign affairs minister, Israel Katz, to the next meeting in Brussels.

The invitation, Borrell added, should also be extended to the new prime minister of the Palestinian Authority, Mohammad Mustafa.

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This article has been updated with more information.

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Israel releases body-cam video of deadly Syria raid targeting Muslim Brotherhood-affiliated terrorists

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Israel releases body-cam video of deadly Syria raid targeting Muslim Brotherhood-affiliated terrorists

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The IDF released body-camera footage Friday from a rare face-to-face gun battle in southern Syria, where troops from the 55th Brigade were fired on while arresting members of al-Jama’a al-Islamiyya, a Sunni terrorist group Israel identifies as part of the wider Muslim Brotherhood network. 

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The cross-border gun battle comes as the Trump administration moves to target Brotherhood affiliates and tensions spike between Netanyahu and Syria’s interim president.

The overnight operation took place in the Beit Jann area, roughly 10 kilometers inside Syria, under the 210th Division. According to the IDF, troops entered the area to detain suspects involved in planting IEDs and planning future attacks against Israel, including potential rocket fire. Two suspects were arrested before an exchange of fire erupted.

Six IDF soldiers were wounded, including three in serious condition. Several terrorists were killed, the IDF said, and the suspects were transferred to Israel for interrogation.

TRUMP MOVES AGAINST MUSLIM BROTHERHOOD AS ISLAMIST GROUP SPREADS IN WEST

IDF troops move through the Beit Jann area in southern Syria during the overnight operation to apprehend members of Al-Jama’a al-Islamiyya, the Muslim Brotherhood-linked militant group. (IDF) (IDF)

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Al-Jama’a al-Islamiyya, founded as the Lebanese branch of the Muslim Brotherhood, has cooperated with Hamas and Hezbollah, maintaining infrastructure in southern Lebanon and along the Syria-Lebanon border. The IDF says it has struck the organization’s sites in Syria and Lebanon repeatedly during the current war.

Channel 12 political correspondent Amit Segal noted Friday that the incident marks the first time since December 2024 — when Israeli forces took control of the Syrian side of Mount Hermon — that Israeli troops were wounded in a Syrian firefight.

Segal wrote: “Could Syria become the IDF’s new Lebanon? … With six soldiers wounded overnight, the big question is whether this is a one-off event, or if it signals the beginning of a long, uncomfortable Israeli presence in Syria.”

Tensions between Syrian interim president Ahmed al-Sharaa and Israeli Prime Minister Benjamin Netanyahu have intensified since Sharaa’s unprecedented visit to Washington earlier this month. Sharaa met President Donald Trump at the White House for discussions on sanctions relief and counterterrorism coordination, making him the first Syrian leader to visit Washington since the Syrian war began.

IDF STRIKES HAMAS ‘TERRORIST TARGETS’ ACROSS GAZA FOLLOWING REPORTED CEASEFIRE VIOLATION

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Israeli forces secure the area around Beit Jann after detaining two suspects and coming under fire in one of the most serious clashes on the Syrian front this year. (IDF)

Netanyahu publicly criticized the visit the same day, saying Sharaa “returned inflated with a sense of international legitimacy,” and warning that any U.S.-Syria discussions must “not come at Israel’s expense.”

Additional reporting in the Jerusalem Post and Channel 12 noted that security arrangements affecting Israel’s northern front were discussed in broad terms between U.S. and Syrian officials, though no agreements were reached, and Washington stressed that consultations with Israel were ongoing.

Friday’s clash came the same week the Trump administration launched a sweeping effort to designate Muslim Brotherhood affiliates as terrorist organizations. The White House directive instructs federal agencies to evaluate and sanction Brotherhood entities in countries including Egypt, Jordan and Lebanon, citing global financial, political and operational ties among affiliates.

ISRAEL’S STRIKE IN QATAR TRIGGERS RARE US REBUKE, TESTS TRUMP’S GULF DIPLOMACY

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IDF armored vehicles maneuver in the Beit Jann area of southern Syria during the overnight counterterrorism operation against Al-Jama’a al-Islamiyya. (IDF)

The White House statement said the Brotherhood “fuels terrorism and destabilization campaigns against U.S. interests and allies.”

Sen. Ted Cruz, R-Texas, praised the move on his podcast Verdict, telling co-host Ben Ferguson that the designation marks the culmination of a decade of legislative efforts. Cruz said “This is literally 10 years of hard work, and it will make America safer because the Muslim Brotherhood is funding terrorists that want to murder you and want to murder me.”

He noted that many U.S. allies in the Middle East — including Egypt, Jordan, Saudi Arabia, Bahrain and the UAE — have already outlawed the organization, telling listeners: “They really want the United States to do what President Trump did this week.”

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As Washington intensifies pressure on Brotherhood-linked movements, Israel is increasingly confronting Brotherhood-affiliated armed groups across the northern arena — from Hamas in Gaza to al-Jama’a al-Islamiyya in Syria and Lebanon.

With Beit Jann emerging as a focal point for cross-border operations, and American policy tightening, analysts say the regional confrontations involving Brotherhood-connected groups may be entering a new phase.

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Hong Kong mourns victims of blaze as search for remains continues

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Hong Kong mourns victims of blaze as search for remains continues

At least 128 people died and 200 remain missing after the towers housing 4,600 people were engulfed by flames.

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People in Hong Kong are mourning the deaths of at least 128 people who died in the region’s largest blaze in decades in an eight-apartment residential complex.

The flags outside the central government offices were lowered to half-mast on Saturday as Hong Kong leader John Lee, other officials and civil servants, all dressed in black, gathered to pay their respects to those lost at the Wang Fuk Court estate since the fire on Wednesday.

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Condolence books have been set up at 18 points around the former British colony for the public to pay their respects, officials said.

At the site of the residential complex, families and mourners gathered to lay flowers.

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By Friday, only 39 of the victims had been identified, leaving families with the morbid task of looking at the photographs of the deceased taken by rescue workers.

The number of victims could still dramatically rise as some 200 people remain missing, with authorities declaring the end of the search for survivors on Friday.

But identification work and search for remains continues, as Lee said the government is setting up a fund with 300 million Hong Kong dollars ($39m) in capital to help the residents.

The local community is also pitching in, with hundreds of volunteers mobilising to help the victims, including by distributing food and other essential items. Some of China’s biggest companies have pledged donations as well.

The Wang Fuk Court fire marks Hong Kong’s deadliest since 1948, when 176 people died in a warehouse blaze.

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Officers from the Disaster Victim Identification Unit gather by the Wang Fuk Court estate [AFP]

At least 11 people have been arrested in connection with the tragedy, according to local authorities.

They include two directors and an engineering consultant of the firm identified by the government as doing maintenance on the towers for more than a year, who are accused of manslaughter for using unsafe materials.

The towers, located in the northern district of Tai Po, were undergoing renovations, with the highly flammable bamboo scaffolding and green mesh used to cover the building believed to be a major facilitator of the quick spread of the blaze.

Most of the victims were found in two towers in the complex, with seven of the eight towers suffering extensive damage, including from flammable foam boards used by the maintenance company to seal and protect windows.

The deadly incident has prompted comparisons with the blaze at the Grenfell Tower in London that killed 72 people in 2017, with the fire blamed on flammable cladding on the tower’s exterior, as well as on failings by the government and the construction industry.

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“Our hearts go out to all those affected by the horrific fire in Hong Kong,” the Grenfell United survivors’ group said in a short statement on social media.

“To the families, friends and communities, we stand with you. You are not alone.”

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Global futures reopen after exchange operator CME suffers multi-hour disruption

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Global futures reopen after exchange operator CME suffers multi-hour disruption
  • US, Nikkei stock futures, West Texas Crude futures affected
  • Cooling issue at CyrusOne data centre in Chicago caused outage
  • Traders flying blind without prices, expect market volatility
  • Some FX trading resumes on EBS

SINGAPORE/LONDON, Nov 28 (Reuters) – Global futures markets were disrupted for several hours on Friday after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and currencies.

By 1335 GMT, trading in foreign exchange, stock and bond futures , , as well as other products had resumed, after having been knocked out for over 11 hours, according to LSEG data.

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CME blamed the outage on a cooling failure at data centres run by CyrusOne, which said its Chicago-area facility had affected services for customers including CME (CME.O), opens new tab.

The disruption stopped trading in major currency pairs on CME’s EBS platform, as well as benchmark futures for West Texas Intermediate crude , Nasdaq 100 , Nikkei , palm oil and gold , according to LSEG data.

‘A BLACK EYE’

Trading volumes have been thinned out this week by the U.S. Thanksgiving holiday and with dealers looking to close positions for the end of the month, the outage posed a risk of spurring volatility, market participants said.

“It’s a black eye to the CME and probably an overdue reminder of the importance of market structure and how interconnected all these are,” Ben Laidler, head of equity strategy at Bradesco BBI, said.

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“We complacently take for granted much of the timing is frankly not great. It’s month end, a lot of things get rebalanced.”

Still, the timing of Friday’s outage, during a shortened U.S. equity trading session with thinner volumes, helped limit its market impact.

“If there was to be a glitch day, today’s probably a good day to have it,” Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey, said.

Futures are a mainstay of financial markets and are used by dealers, speculators and businesses wishing to hedge or hold positions in a wide range of underlying assets. Without these and other instruments, brokers were left flying blind and many were reluctant to trade contracts with no live prices for hours on end.

“Beyond the immediate risk of traders being unable to close positions – and the potential costs that follow – the incident raises broader concerns about reliability,” said Axel Rudolph, senior technical analyst at trading platform IG.

A few European brokerages said earlier in the day they had been unable to offer trading in some products on certain futures contracts.

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“My anticipation is that life goes on but everybody will have yet another look at their data centre arrangements and invest more in ensuring reliable supply because the importance of data center uptime is higher and higher,” Mikhail Zverev, Portfolio Manager at Amati Global Investors in London.

Regulators are tracking the situation, with both the Commodity Futures Trading Commission and Securities and Exchange Commission confirming they are aware of the issue and conducting ongoing surveillance.

BIGGEST EXCHANGE OPERATOR

CME is the biggest exchange operator by market value and says it offers the widest range of benchmark products, spanning rates, equities, metals, energy, cryptocurrencies and agriculture.

Average daily derivatives volume was 26.3 million contracts in October, CME said earlier this month.

The CME outage on Friday comes more than a decade after the operator had to shut electronic trade for some agricultural contracts in April 2014 due to technical problems, which at the time sent traders back onto the floor.

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More recently in 2024 outages at LSEG and Switzerland’s exchange operator briefly interrupted markets.

CME’s own shares were up 0.4% in premarket trading.

Reporting by Saqib Iqbal Ahmed and Laura Matthews in New York, Chris Prentice in Washington, Ankur Banerjee, Tom Westbrook, Rae Wee and Florence Tan in Singapore, Amanda Cooper, Lucy Raitano, Vidya Ranganathan and Alun John in London; Toby Sterling in Amsterdam and Pranav Kashyap in Bangalore; Editing by Alison Williams, Elaine Hardcastle and Alistair Bell

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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