The ongoing Israel-Hamas war sends shockwaves through global markets but many Israeli businesses are just getting on with it.
The Israel-Hamas conflict, now in its [keyword: fifth] week, is reverberating across international financial landscapes, leaving major corporations grappling with uncertainties. As violence escalates in the Middle East, the economic repercussions are felt far beyond the region’s borders.
Large companies operating in various sectors have found themselves navigating an increasingly complex environment. Oil prices have surged, affecting energy giants like Shell and BP. Supply chain disruptions have hit tech giants such as Apple and Samsung, causing production delays and driving up prices for consumer electronics.
Multinational banks, including HSBC and JPMorgan Chase, face challenges in managing investments amid market volatility. Tourism and hospitality giants, like Hilton and Airbnb, are experiencing cancellations and decreased bookings, impacting their bottom lines.
In response, investors are shifting portfolios, seeking safer assets, and diversifying into sectors less exposed to geopolitical risk. Global stock markets are experiencing turbulence, leaving shareholders anxious about the future.
The Israel-Hamas war’s financial implications remain uncertain, making it a pivotal issue for global business leaders and investors alike.
But other businesses are carrying on regardless.
Weebit Nano is a leading developer of advanced memory technologies for the global semiconductor industry.
CEO Coby Hanoch spoke to Ticker from Israel and said unfortunately this kind of terror has become common place, and businesses have found a way to carry on. #featured