Benjamin Netanyahu coalition partner pulls back from triggering Israeli election



Key members of Benjamin Netanyahu’s right-wing coalition announced on Monday that they would not resign, averting a collapse of the Israeli prime minister’s government.

In a much anticipated morning press conference, Education Minister Naftali Bennett — Mr Netanyahu’s main opponent who heads the extreme-right Jewish Home party — walked back from earlier threats to resign, even though “the State of Israel stopped winning” under Mr Netanyahu.

“It's better if the prime minister beats us in a political battle than if [Hamas chief Ismail] Haniyeh beats us,” Mr Bennett said, standing alongside Justice Minister Ayelet Shaked.

On Sunday, Mr Netanyahu stressed Israel’s security in an appeal to his coalition partners not to leave the government.

"We are in a particularly complex security situation," he said. "In times like these, you do not overthrow a government. It's irresponsible. We have another full year until elections."

The challenges to the Israeli premier’s leadership increased last week after a botched Israeli intelligence operation inside the Hamas-ruled Gaza Strip left seven Palestinians and one Israeli soldier dead and led to the biggest flare-up of hostilities since the 2014 war.

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After two days of bloody exchanges of rockets and bombs, Israel and Hamas reached a short-term ceasefire.

Shortly afterwards, hawkish Defence Minister Avigdor Lieberman appeared on television to announce his resignation, ostensibly in protest against Mr Netanyahu’s decision not to escalate Israeli strikes in Gaza, which he denounced as "buying short-term quiet, with the price being severe long-term damage to national security".

“As far as I'm concerned, what happened yesterday — the truce combined with the process with Hamas — is capitulating to terror,” Mr Lieberman said.

Mr Lieberman’s resignation and the departure of his Yisrael Beiteinu party from government left Mr Netanyahu’s coalition with a one-seat majority in parliament.

Mr Bennett quickly announced that he wanted the position of defence minister, staking his support of Mr Netanyahu’s coalition on receiving the coveted portfolio.

But Mr Netanyahu rejected the ultimatum and instead gave himself the portfolio, making it one of several ministries the prime minister now heads. Mr Bennett accepted that but called on Mr Netanyahu to be more right-wing in his leadership.

Talks between the battling factions had reached a stalemate by the weekend, leading to widespread speculation that the government would fall and parliament would call for early elections.

Nonetheless, Mr Netanyahu and his Likud party continued to make the case against early elections. In a prime time press conference on Sunday, the prime minister rejected early elections, saying that he “has a plan” and had “risked my life time after time to safeguard our lives here in the land of Israel”.

The final say, then, was left to Mr Bennett. The nationalist firebrand is widely popular among far-right Israelis and is viewed as Mr Netanyahu’s main electoral threat.

Although Mr Bennett ultimately backed down on Monday, he did mention the failure to demolish the Bedouin village of Khan Al Ahmar as one of Mr Netanyahu's failings, raising the stakes that it could be carried out soon.

Mr Bennett though came in for criticism of his own, with Mr Lieberman tweeting: “Now I know why we lost our deterrence.”

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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The five pillars of Islam
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Ultra processed foods

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- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

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Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0