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The World in Brief from The Economist

Hamas frees two more hostages; Chevron’s mega-deal, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 24 October 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

The Red Cross said that it had “facilitated” the release of two more hostages taken by Hamas, and had transported them out of Gaza on Monday evening.

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Transcript

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0:00.0

Hello, you're listening to the free edition of the World in Brief from The Economist.

0:05.0

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day. If you're already an

0:14.9

economist subscriber, visit economist.com slash espresso or visit our

0:20.2

espresso app to start listening. Here's today's free edition.

0:28.9

This is the world and brief from the economist.

0:39.0

Our top stories. The Red Cross said that it had facilitated the release of two more hostages

0:45.2

taken by Hamas and had transported them out of Gaza on Monday evening.

0:50.6

According to media reports they are elderly Israeli women.

0:55.0

On Friday the militant group freed two other hostages,

0:59.0

an American Israeli mother and daughter.

1:02.0

Hamas is still holding more than 200 people in Gaza, according to the Israel Defence Forces.

1:08.0

More than 5,000 people have died in the enclave since October 7th, according to Gaza's Hamas-run Ministry of Health.

1:17.0

Israel has ramped up airstrikes, claiming to have hit 320 targets in 24 hours ahead of an expected ground invasion.

1:28.0

Chevron, an energy giant, will buy Hesse Corporation a smaller American oil firm in a 53 billion

1:36.8

dollar all-stock deal betting on America's shale patch and increasing its footprint in oil-rich Guyana. Recently Supermajor's shale ambitions

1:48.4

have grown as it has become more profitable. Earlier this month, Exxon Mobile, another major, said it would acquire a pioneer for $60 billion in one of the biggest oil mergers ever.

2:03.8

America's 10-year Treasury yields

2:06.5

rose above 5% for the first time since 2007

2:10.9

as investors anticipate that the Federal Reserve will keep interest rates higher for longer,

2:17.0

to keep inflation down.

2:19.0

America's economy has proved surprisingly resilient to tie to monetary policy, suggesting a delayed

2:26.0

path to interest rate cuts.

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