Allies Break With Israel, Fed Pushback & UK Courts Backlog

 Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Israel's foreign minister said any call for a ceasefire with Hamas is a "prize for terrorism," after France, UK and Germany urged efforts toward halting the war as the civilian death toll mounts.

(2) Egypt's Suez Canal Authority said it's "closely following" tensions in the Red Sea and any impact on canal crossings, after Yemeni militant attacks on vessels hundreds of miles to the south prompted major shipping lines to temporarily avoid the region.

(3) Federal Reserve Bank of Chicago President Austan Goolsbee said it's too early to declare victory in the central bank's inflation fight, and decisions on interest-rate cuts will be based on incoming economic data. 

(4) The White House has taken aim at former President Donald Trump for saying immigrants are “poisoning the blood of our country,” portraying his comments as inflammatory fascist-style rhetoric that’s anathema to American democracy.

(5) Lengthy court backlogs are a symptom of a criminal justice system that appears to be at breaking point. The crown courts of England and Wales, which deal with the most serious offenses, are buckling under a record backlog of almost 67,000 cases, a figure that has doubled since 2019, according to government data. 

See omnystudio.com/listener for privacy information.