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Gaza war paralyses Israeli tourism for third year
Gaza war paralyses Israeli tourism for third year
Business and Economy
by  AFP

In Israel's biblical city of Nazareth, the basilica is empty, restaurants and shops that usually thrive on Christian pilgrims are closed, and many hotels have been shut for months. The economy of Nazareth, set in the hills of northern Israel, is heavily dependent on Christian pilgrims, making it a bellwether for Israel's tourism industry on the whole.

Shipping giant Maersk's profit sinks, warns of Red Sea risk
Shipping giant Maersk's profit sinks, warns of Red Sea risk
Business and Economy
by  AFP

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea. The "oversupply challenges" in the maritime shipping industry are expected to "materialise fully" over the course of 2024, Maersk said.