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US delays sale of assault rifles to Israel over settler violence -sources

The Biden administration has opted to defer the sale of more than 20,000 U.S.-manufactured rifles destined for Israel, citing apprehensions regarding attacks carried out by Israeli settlers against Palestinians in the occupied West Bank. This decision, disclosed by sources familiar with the matter on Wednesday, reveals a diplomatic pivot rooted in concerns about the potential misuse of the weapons in ongoing conflicts in the region.

Israel under pressure from allies over Gaza war

Key allies are pressuring Israel over its war in Gaza, with the United States criticizing its bomb attacks as "indiscriminate". The UN General Assembly demanded an immediate humanitarian ceasefire. Leaders from Australia, Canada, and New Zealand called for a ceasefire, voicing concerns over civilian suffering. The conflict has resulted in significant casualties and infrastructure destruction. - Khabristan.PK

UN chief, COP28 president clash over future of fossil fuels

UN Secretary-General Antonio Guterres called on world leaders attending the COP28 climate summit to envision a future without fossil fuels, emphasizing that it is the only way to effectively address global warming. His statement followed a proposal by COP28 president Sultan Ahmed al-Jaber to continue using fossil fuels. Guterres emphasized the necessity of halting the burning of all fossil fuels to achieve the 1.5-degree limit, rejecting mere reduction or abatement efforts. This divergence in perspectives underscores a key divisive issue at the UN climate summit, hosted in the oil-producing United Arab Emirates.

Gold Hits Over 2-Week Peak on Softer Dollar

Gold prices rose to an over two-week high on Tuesday, as the U.S. dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.