Business & Finance
Business and Finance
Business and Finance
Wed, November 27, 2024 
[ 05:40 PM ] - Bill Williamson
[ 05:40 PM ] - Bill Williamson
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[ 12:40 PM ] - Bill Williamson
[ 12:40 PM ] - Bill Williamson
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Over 800 European financial groups deal with firms linked to Israeli settlements, NGOs say
- A growing number of European financial institutions have a business relationship with companies with ties to Israeli settlements, according to a study by civil society groups on Tuesday, calling for heightened due diligence.
The article from Reuters, published on November 26, 2024, discusses a report by the NGO Don't Buy Into Occupation, which reveals that over 800 European financial institutions, including banks, pension funds, and insurance companies, have investments or business dealings with companies linked to Israeli settlements in the West Bank. These settlements are considered illegal under international law. The report highlights that these financial ties include investments in firms involved in construction, infrastructure, and security services in the settlements. The NGO calls for European financial entities to divest from these companies to avoid complicity in human rights abuses and violations of international law. The findings have sparked renewed debate about the ethical implications of financial investments in conflict zones and the responsibilities of European investors.
Read the Full Reuters Article at [ https://www.reuters.com/business/finance/over-800-european-financial-groups-deal-with-firms-linked-israeli-settlements-2024-11-26/ ]
Read the Full Reuters Article at [ https://www.reuters.com/business/finance/over-800-european-financial-groups-deal-with-firms-linked-israeli-settlements-2024-11-26/ ]
