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October 11, 2024

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A United Nations inquiry has accused Israel of carrying out a “concerted policy” of destroying the health care system in Gaza during its year-long conflict with Hamas in attacks it said amount to war crimes.

Israel’s actions in the besieged Palestinian enclave “constitute the war crimes of willful killing and mistreatment and the crime against humanity of extermination,” the commission said in a statement Thursday.

“Israeli security forces have deliberately killed, detained and tortured medical personnel and targeted medical vehicles” in Gaza, according to the report by the UN’s Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel.

The Israeli attacks resulted in “fuel, food, water, medicines and medical supplies not reaching hospitals, while also drastically reducing permits for patients to leave the territory for medical treatment,” it said.

The Israeli foreign ministry called the accusations “outrageous” and said they were “another blatant attempt by the (commission) to delegitimize the very existence of the State of Israel and obstruct its right to protect its population while covering up the crimes of terrorist organizations.”

“This report shamelessly portrays Israel’s operations in terror-infested health facilities in Gaza as a matter of policy against Gaza’s health system, while entirely dismissing overwhelming evidence that medical facilities in Gaza have been systematically used by Hamas and the Palestinian Islamic Jihad for terrorist activities.”

Hamas, it said, uses medical facilities to conceal operatives, store weapons, conduct attacks and hide hostages. Hamas has repeatedly denied that it uses hospitals for military activity.

The UN report also accused Hamas and other Palestinian militant groups of committing war crimes of “torture, inhuman or cruel treatment, rape and sexual violence” for their treatment of Israeli hostages held captive in Gaza. It also investigated “institutionalized mistreatment” of Palestinian detainees in Israeli prisons.

The Israeli foreign ministry rejected “accusations of widespread ill-treatment and torture of detainees,” saying Israel is “fully committed to international legal standards” on treatment of detainees.

In a statement accompanying the 24-page report, which does not have the force of law, former UN High Commissioner for Human Rights Navi Pillay said Israel “must immediately stop its unprecedented wanton destruction” in Gaza.

“Children in particular have borne the brunt of these attacks, suffering both directly and indirectly from the collapse of the health system,” she said.

As part of the report, UN experts investigated the killing of 5-year-old Palestinian girl Hind Rajab, who made headlines in late January after a recording emerged of her pleading to emergency workers to rescue her and her family after they became trapped in their car due to Israeli shelling.

Despite an ambulance arriving at the scene while the girl was still alive, the presence of Israeli security forces effectively “prevented access,” meaning the bodies of Rajab’s relatives “could not be retrieved from their bullet-ridden car until 12 days after the incident,” the report said.

The report “determined on reasonable grounds that the Israeli Army’s 162nd Division” which operated in the area at the time is “responsible for killing the family of seven, shelling the ambulance and killing the two paramedics inside.”

The incident was just one of several alleged attacks on health care in Gaza, amid broader wartime conditions.

The report will be presented to the UN General Assembly on October 30.

The commission previously alleged that both Israel and Hamas committed war crimes in the early stages of the Gaza war, and that Israel’s actions also amounted to crimes against humanity.

This post appeared first on cnn.com

Amazon: $20B+ Cost Cuts, $186 Stock Hurdle

Amazon (NASDAQ: AMZN) might reduce its costs dramatically by deploying autonomous electric vehicles (EVs) for middle- and last-mile deliveries, reports JMP Securities. This development could significantly impact the Amazon stock outlook. The investment firm approximates that these technological improvements could save the e-commerce giant more than $20 billion per year.

Right now, fuel expenses make up 25-30% of per-mile expenses in delivery operations. However, with EVs, energy costs could decrease by nearly 50%. Furthermore, driver wages and benefits- the biggest part of per-mile costs, exceeding 40%- could be diminished automatically.

Amazon estimates replacing self-driving trucks with autonomous electric vans could cut global shipping costs by 20%. This change could save the company up to $1.15 per mile. In the near term, JMP expects up to $7 billion in OCR savings. This projection is based on integrating electric Rivian vans into Amazon’s last-mile fleet.

In line with these cost-reduction measures, investors may retain some hesitancy in the face of volatile market conditions. Given the high stock valuations in 2024, many investors are cautious about taking on unnecessary risk. However, sectors focused on innovations like autonomous EV technology may still offer potential growth opportunities.

Amazon Stock Chart Analysis

AMZN/USD Chart

Observing the 15-minute chart of Amazon (NASDAQ: AMZN), the stock has been traded within a quite narrow range in the past two days. After the steep fall on September 29, the AMZN shares found the support level very close to $181, as well as through around the $182 level after that, thereby some sort of temporary stability. Traders have made several efforts to push the stock up, yet it remains confined within the $182 and $186 range.

We saw a tremendous rise in the volume of trading in the first week of October that briefly propelled the stock to more than $185, but it was a short-lived effect. The stock price soon faced a backlash and went back to the $182-$183 range after October 3. It appears that the pressure to sell is becoming stronger at such higher points, which makes it harder for AMZN stock to hold profits over $185.

The stock is currently around $181.94, up by 0.07% in the previous session. We are noticing that the $181 level is the cause of short-term support, and when the volume dwindles, buyers might be afraid to take it further. The Amazon stock outlook hinges on whether AMZN can break out above $186 with strong support, or if a drop below $181 will trigger more selling pressure.

It would serve as an opportunity for short-term traders to purchase and profit from the upward breakout. Keep an eye on these breakthrough levels while we proceed!

The post Amazon Stock Outlook: Resistance at $186; Eyes $20B+ Savings appeared first on FinanceBrokerage.