World Bulletin / News Desk
Luxembourg's general pension fund (FDC) is boycotting five Israeli banks associated with illegal Jewish settlements in the West Bank.
According to the Israeli website Walla, the state-affiliated pension fund of one of Europe's richest countries will boycott the major Israeli banks as well as about 60 companies around the world, including eight Israeli institutions, for being 'unethical.'
Israel Discount Bank, Bank Hapoalim, Bank Mizrahi-Tefahot, Bank Leumi and First International Bank of Israel are among the banks boycotted. Elbit Systems Ltd and Africa Israel Investments Ltd, both based in Jerusalem, are also on the exclusion list.
More European firms looke likely to join the trend after it was reported that Dutch pension fund ABP plans cut off ties to Israeli banks. Sweden's Nordea Investment Management and DNB Asset Management are also reconsidering their relationship with the Zionist state along with Norwegian pension fund KLP, according to the Financial Times.
In 2009, the UK gradually started labeling or completely boycotting settler products. Marks & Spencer, Morrisons and Waitrose are among many British firms to stop selling settler goods in recent years. Germany’s Kaiser Supermarket has also made a moral decision against selling settler products. Additionally, British charity Oxfam made its stance very clear after parting ways with representative Hollywood actress Scarlett Johansson for her support of Israeli firm SodaStream, which operates in illegal West Bank settlements.
The boycotts look likely to threaten the livelihood of Jewish settlers in the West Bank and isolate Israel economically. Last year, boycotts on products like dates and grapes grown in the occupied Jordan Valley caused a $29 million loss for illegal Jewish settlers in the region. As reported in the Washington Post, income from exports dropped 14%, mainly due to big supermarket chains in Europe deciding to boycott the products.
'Its infrastructure, international airport and government facilities – it’s all game,' Naftali Bennett tells for Christian Media Summit in Jerusalem
Israeli forces close 8 Palestinian media companies in raids, accusing them of 'incitement'
Emirates News Agency confirms incident but does not specify what type of aircraft was involved in crash
Israel accused Iran of using Syrian conflict to establish military positions there
"Police forces have dismantled a band of six persons and seized 100,000 fake visas for Arbaeen" which this year falls on November 9, Tehran's police chief Hossein Rahimi said.
Israel advances plans for first new settler homes in Hebron in 15 years
Kuwait continues to play mediating role between Qatar and Saudi-led bloc of Arab states
"The Qatari regime has honoured me by freezing all my bank accounts," Sheikh Abdullah bin Ali Al-Thani tweeted.
Trump's virulent speech contravened three articles of the 2015 deal, Zarif said in televised remarks broadcast late on Saturday.
Over 20 worshippers killed when Christian anti-Balaka militia broke into mosque in southeastern CAR during Friday prayers
Netanyahu late Saturday lashed out at the police on his Facebook page over leaks to the Israeli media related to the graft investigation.
Warning comes ahead of planned rally by so-called 'Southern Transition Council' demanding separation of southern Yemen
King’s Salman's visit, if anything, has become an acknowledgement of Russia's return to the Middle East