JPMorgan has sharply lowered its fourth quarter economic forecast for Israel. According to a research note made public on Friday, the country’s gross domestic product (GDP) may shrink 11% from the previous three months amid the escalation of hostilities with the Palestinian armed group Hamas.

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Domestic politics may interrupt the flow of arms to Kiev, anonymous officials have reportedly warned European officials are concerned that US President Joe Biden could “nudge” Ukraine toward peace talks next year, Bloomberg reported on Friday, citing anonymous sources. Bloomberg is the second major US outlet this week to warn that American military aid to…