European financial firms are cutting ties with Israeli companies amid pressure over the Gaza conflict.

Several European financial firms, including banks and insurers, have reduced their connections to Israeli companies amid growing pressure to address the Gaza conflict. Notably, UniCredit has placed Israel on a "forbidden" list, while others like Storebrand and AXA have divested from Israeli firms due to concerns over international humanitarian law and ethics. This trend reflects a broader movement among investors to reconsider their capital allocations in light of geopolitical tensions.

November 05, 2024
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