A huge surplus of wine in the domestic market coupled with cheap imports from Spain pose the risk of bankruptcies French winemakers staged a mass protest this week against Spanish wine imports, arguing that they create unfair competition in the local market, which is already suffering from a surplus.

The defense minister says the country will abandon all responsibility for the Palestinian enclave after a ground offensive Israel will wash its hands of Gaza once it has completed its ground military operation and vanquished Hamas, Defense Minister Yoav Gallant has said. The Financial Times, citing an anonymous Israeli official, reported that the new approach…

The idea would require support from regional Arab countries, which could prove difficult to secure, the report says The US and Israel are mulling the creation of an interim administration in Gaza that would be backed by the UN and Arab governments, Bloomberg reported on Saturday, citing sources.