Israel's Labor Court Rules General Strike Must End

Tel Aviv, September 1, 2024. REUTERS/Florion Goga Purchase Licensing Rights
Tel Aviv, September 1, 2024. REUTERS/Florion Goga Purchase Licensing Rights
TT

Israel's Labor Court Rules General Strike Must End

Tel Aviv, September 1, 2024. REUTERS/Florion Goga Purchase Licensing Rights
Tel Aviv, September 1, 2024. REUTERS/Florion Goga Purchase Licensing Rights

Israel's Labor Court in Tel Aviv ruled that a general strike that shut much of the country's economy must end at 2:30 p.m. local time (1130 GMT), according to court documents seen by Reuters.
Israel's main trade union had launched a general strike on Monday to pressure Prime Minister Benjamin Netanyahu into agreeing to a ceasefire deal in Gaza after the deaths of six hostages held by Hamas triggered mass protests across the country.
The court sided with the government in its ruling on Monday, saying the strike was politically motivated.
A rare call for a general strike in Israel to protest the failure to return hostages held in Gaza led to closures and other disruptions around the country on Monday, including at its main international airport. But it was ignored in some areas, reflecting deep political divisions.
According to The AP, hundreds of thousands of Israelis had poured into the streets late Sunday in grief and anger after six hostages were found dead in Gaza. The families and much of the public blamed Prime Minister Benjamin Netanyahu, saying they could have been returned alive in a deal with Hamas to end the nearly 11-month-old war.
But others support Netanyahu's strategy of maintaining relentless military pressure on Hamas, whose Oct. 7 attack into Israel triggered the war. They say it will eventually force the militants to give in to Israeli demands, potentially facilitate rescue operations and ultimately annihilate the group.
Israel’s largest trade union, the Histadrut, called for a general strike on Monday, the first since the start of the war. It aims to shut down or disrupt major sectors of the economy, including banking, health care and the country’s main airport.
Airlines at Israel’s main international airport, Ben-Gurion, were halting outgoing flights between 8 a.m. and 10 a.m. Those flights either departed early or were slightly delayed, and travelers were seen lining up at check-in counters despite the limited disruption. Arriving flights were continuing as usual during that time, according to the Israel Airports Authority.
The Histadrut said that banks, some large malls and government offices were all joining the strike, as were some public transit services, although there did not appear to be any major disruptions. Intercity trains were not included in the strike, and Egged, a main bus line, said only some drivers were striking.
Municipalities in Israel’s populated central area, including Tel Aviv, were participating in the strike, leading to shortened school hours and cancellations for public day cares and kindergartens.
Many municipalities, however, including Jerusalem, were not participating. Israeli media reported that the state appealed to a labor court to cancel the strike, saying it was politically motivated.
The demonstrations on Sunday appeared to be the largest since the start of the war, with organizers estimating that up to 500,000 people joined nationwide events and the main rally held in Tel Aviv. Israeli media estimated that 200,000 to 400,000 took part.
They are demanding that Netanyahu reach a deal to return the remaining roughly 100 hostages held in Gaza, a third of whom are believed to be dead, even if it means leaving a battered Hamas intact and withdrawing from the territory. Many Israelis support this position, but others prioritize the destruction of the militant group over freedom for the hostages.



Iran’s President Says His Country Needs More Than $100 Billion in Foreign Investment 

A handout picture provided by the Iranian Presidency shows Iran's President Masoud Pezeshkian speaking during a televised interview in the capital of Tehran on August 31, 2024. (Photo by Handout/ Iranian Presidency / AFP) /
A handout picture provided by the Iranian Presidency shows Iran's President Masoud Pezeshkian speaking during a televised interview in the capital of Tehran on August 31, 2024. (Photo by Handout/ Iranian Presidency / AFP) /
TT

Iran’s President Says His Country Needs More Than $100 Billion in Foreign Investment 

A handout picture provided by the Iranian Presidency shows Iran's President Masoud Pezeshkian speaking during a televised interview in the capital of Tehran on August 31, 2024. (Photo by Handout/ Iranian Presidency / AFP) /
A handout picture provided by the Iranian Presidency shows Iran's President Masoud Pezeshkian speaking during a televised interview in the capital of Tehran on August 31, 2024. (Photo by Handout/ Iranian Presidency / AFP) /

Iran’s president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%.

The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV.

Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates.

Hundreds of entities and people in Iran — from the central bank and government officials to drone producers and money exchangers — are already under international sanctions, many of them accused of materially supporting Iran’s Revolutionary Guard and foreign militant groups such as Hamas, Hezbollah and the Houthis.

Pezeshkian in his interview complained about the sanctions and said his administration plans to reduce inflation, which is running at more than 40% annually, “if we solve our problems with neighbors and the world.” He did not elaborate.

Pezeshkian confirmed that his first visit abroad will be to neighboring Iraq and he would then fly to New York to attend the United Nations General Assembly meeting on Sept. 22-23. He said while he was in New York he would meet with Iranian expatriates to invite them to invest in Iran. Out of more than 8 million Iranian expatriates, some 1.5 million Iranians live in the United States.

Pezeshkian, who is viewed as a reformist, was sworn in last month and parliament approved his cabinet earlier in August, promising a softer tone both inside and outside the country. His predecessor, Ebrahim Raisi, a hard-line protege of Iran's supreme leader who led the country as it enriched uranium near weapons-grade levels, died in a helicopter crash in May, along with seven other people.

Iran’s economy has struggled since 2018 after then-President Donald Trump pulled the US out of the deal to constrain Tehran's nuclear program and imposed more sanctions. Pezeshkian said during his presidential campaign that he would try to revive the nuclear deal.