Tuesday, October 24, 2023

Israel-Palestine war: Israeli officials 'unhappy' with released woman's description of captivity

Yocheved Lifshitz, 85, who was released by Hamas fighters, said she was beaten when abducted but later treated 'gently'


Yocheved Lifshitz (left) with fellow captive Nurit Yitzhak during their release (Screenshot)

By MEE staff
Published date: 24 October 2023

Israeli officials are reportedly unhappy with an interview given by an elderly former captive of Hamas in Gaza because she had not been well prepared for the statement.

In a press meeting on Tuesday, 85-year-old Yocheved Lifshitz, an Israeli captive released from Gaza on Monday evening, said she was beaten on 7 October, the day Palestinian fighters stormed southern Israel, but later treated "gently".

Sources told Israel's state-owned Kan News that the interview was a "mistake", adding that a "preliminary meeting" may not have been held with Lifshitz prior to her press statement and that if one had been held, not "all questions" to do with the preparation were asked.

Lifshitz is one of four Israelis who have been released after Hamas-led Palestinian fighters stormed Israeli communities near the Gaza Strip in an attack that killed around 1,400 Israelis, mostly civilians. Israel believes 220 captives are being held in Gaza.

The former Israeli hostage was one of the oldest held by Hamas in Gaza, and spent more than two weeks in captivity.

She was released alongside another captive, 79-year-old Nurit Yitzhak.

Lifshitz told reporters: "I've been through hell, I never thought that I would reach such a state. They [Palestinian fighters] went berserk in our kibbutz [and] put me on a motorcycle."

She went on to describe how children and the elderly were among those taken, calling the scenes "extremely painful".

Lifshitz added that she was hit by a stick en route to Gaza and made to walk several kilometres after reaching the area.
'Needs met'

According to the former hostage, a medic and later a doctor visited her while she was held by Hamas, to check on her condition. "They took care of every detail," she said.

Lifshitz said her captors "took care" of her needs. "They ensured that they eat the same food as we eat, white cheese and cucumbers," she added.

Retelling her mother's story, Lifshitz' daughter Sharone said: "When she first arrived, they [fighters] told them that they are Muslims and they won't hurt them."

When Lifshitz was asked why she shook hands with the Hamas fighter before her release, she replied: "They were gentle with us, our needs were supplied."

During the press statement, Lifshitz also condemned the Israeli army's lack of preparedness for the attack on 7 October, saying that "two billion" shekels had been spent on security systems that did not work.

She also attacked the government for its failures in the lead-up to the attack. "We were the government's scapegoat, we were abandoned. We went through hell," she said.

Family members had earlier told media outlets that the grandmother had previously worked to get medical aid to Palestinians in Gaza.

Oded Lifshitz, Yocheved's husband, is still missing and presumed to be held by Palestinian armed groups in Gaza, although his whereabouts or condition are not known.

Israel says that Hamas holds 22o of its citizens as prisoners, some of whom hold citizenship of different countries, but that number may in fact be higher, as dozens of people are still missing.

Hamas says 22 captives have been killed in Israel's bombardment of Gaza, which has killed at least 5,000 Palestinians, the vast majority of whom are civilians.

In an interview with Sky News broadcast on Tuesday, senior Hamas leader Khaled Meshaal said the group would release all of its hostages in exchange for an end to the bombardment of Gaza.


Israel-Gaza war: Freed hostage says Hamas were 'prepared' for kidnappings and IDF did not take warnings 'seriously'

Sky News
Tue, 24 October 2023 



Hamas were "really prepared" for kidnapping Israeli citizens and holding them captive, a hostage freed by the militants had told the press in Tel Aviv.

Yocheved Lifshitz, 85, said "each person [hostage] had a guard watching him or her" after they were taken down into a network of tunnels under Gaza that looked like a "spiderweb".

She said Hamas's surprise incursion on 7 October, where she was kidnapped along with more than 200 others, happened after Israel's Defence Forces (IDF) failed to take warnings from the militant group seriously.

Seated in a wheelchair, a frail-looking Mrs Lifshitz said Hamas treated her and the other hostages "gently" and had secret provisions for looking after them.

She said a doctor visited her and made sure she and other hostages received the same sort of medicines they had been taking in Israel.

Mrs Lifshitz added: "They seemed really prepared for it. They had concealed it for a long time, and they took care of all the needs that people need, [such as] shampoo and conditioner."

"They gave us pitta bread, hard cheese, some low-fat cream cheese and cucumber and that was our food for the entire day," she added.

'It was painful'

Mrs Lifshitz, who was taken from her home in Nir Oz, near the Gaza border, told how she was taken away by motorbike with her head on one side of the vehicle and her legs on the other.

She added that she was "taken through ploughed fields" and hit by Hamas fighters with sticks during the kidnapping.

"They didn't break my ribs but it was painful and I had difficulty breathing," Mrs Lifshitz said.

She added that she had to walk a "few kilometres" with one militant in front of her and another behind until she reached the tunnels.

Sharone Lifshitz, who lives in London, flew out to Tel Aviv and was by her mother's side, translating parts of her description from Hebrew into English as she spoke to the press this morning.

Sharone spoke about the humane treatment her mother says she received during her captivity after the violent kidnapping.

The freed hostage's daughter told journalists: "My mum is saying they [Hamas] were very friendly towards them. They took care of them.

"They were given medicine. They were treated. One of the men with them was badly injured from a motorbike accident on the way.

"One of the paramedics gave him medicine and antibiotics.

"The people were friendly and they kept the place very clean.

"My mum is saying they were very delicate and caring with them, and took care of all their needs."

She had earlier confirmed her mother was released on Monday evening.

Mrs Lifshitz later added the Israeli Defence Forces (IDF) did not take the warnings of a possible Hamas incursion seriously before it happened.

She said Hamas had burnt fields and launched heavy shelling before its militants crossed the Israel-Gaza border.

Mrs Lifshitz also said the costly security fence meant to keep militants out "didn't help at all".

Hamas said it released Mrs Lifshitz and Nurit Cooper, 79, on humanitarian and "poor health grounds" but their husbands are still being held prisoner.

The two women and their husbands - aged 83 and 84 - were snatched from their homes as Hamas began its massacre on 7 October.

Earlier this week, the group released images of masked gunmen giving the women food and drink and leading them to the handover point, where Red Cross workers met them.

Only four of those kidnapped during the Hamas attack have so far been freed - the other two being a US mother and daughter last week.

With many hostages still held prisoner, the US is understood to have asked Israel to delay its ground invasion so more can be freed.

The British Foreign Office welcomed the release of the women and vowed to "continue to work tirelessly" on securing the release of more.

A spokeswoman said: "Our thoughts remain with the families of loved ones still being held captive, as they endure unimaginable anguish and worry at this time.

"We will continue to work tirelessly with Qatar, Israel and others to ensure all hostages come home safely."

A senior Hamas leader earlier told Sky News all civilians among the hostages would be released if Israel reduced the intensity of bombing Gaza.

"We want to stop the random bombardments, the total destruction, the genocide so that the al Qassam soldiers can take them from their places and hand them to the Red Cross or whoever," said Khaled Meshaal.

"We need the right conditions to allow them to be released," he claimed.

More than 5,000 Palestinians have now been killed and 15,000 wounded in Israeli airstrikes, Gaza's health ministry says.

Israel is preparing for an expected ground invasion, with tanks and thousands of troops waiting for days for the order to attack - a move that's likely to significantly increase casualties on both sides.

Defence minister Yoav Gallant told troops on Monday "it will come" and to keep preparing.

He said the attack would be from land, air and sea but gave no timeframe.

Around 1,400 people have been killed in Israel since the 7 October Hamas incursion, according to Israeli sources.


Netanyahu faces calls to sack new Israeli hostage envoy

Nataliya Vasilyeva
Tue, 24 October 2023 

Released hostages Judith and Natalie Raanan were pictured at the Gaza border with Mr Hirsch walking between them - Government of Israel/Reuters

Benjamin Netanyahu is facing pressure to sack his newly appointed hostage envoy after angry protestations about him taking centre stage in the release of captives held by Hamas.

Critics filed a petition to the Israeli prime minister on Gal Hirsch, a retired brigadier general of the Israel Defense Forces (IDF), after his apparent attempt to make publicity out of the release of two US hostages on Friday.

Judith and Natalie Raanan, a mother and daughter, were pictured at the Gaza border on Friday evening, with IDF photographs showing Mr Hirsch walking between them.

He was wearing body armour, but the two women were not.

It comes as Mr Netanyahu’s popularity has fallen dramatically following the Hamas attacks. He had staked his reputation on his security credentials.

The appointment of Mr Hirsch raised eyebrows given his controversial role as former commander of the Galilee Brigades stationed near Israel’s border with Lebanon during the 2006 Second Lebanon War.

His promising career in the armed forces came to an abrupt halt when many blamed him for the disastrous battle of Bint Jbeil, in which two IDF soldiers were kidnapped and eight killed in the war’s fiercest fighting.

Soldiers were sent in to storm Bint Jbeil after the general bragged on TV about taking full control of the Lebanese town.

Seventeen days into the war with Hamas, Mr Netanyahu’s government faces rising anger from relatives of hostages for not doing enough to secure their release.
Appointment is ‘unacceptable’

Mr Hirsch, 59, is not known for any relevant experience in hostage negotiations or contacts in the region.

A prominent Israeli NGO advocating transparency and good governance on Monday filed a petition to Mr Netanyahu and the country’s attorney general, labelling Mr Hirsch’s appointment as “unacceptable”.

The Movement for Quality of Governance said: “Israeli citizens deserve to have a qualified coordinator rather than someone who got the role on a political basis.”

Earlier on Monday, an influential Israeli newspaper ran a scathing editorial titled “Go home, Gal Hirsch!”, accusing Mr Netanyahu of having “no serious intentions of working to free the hostages” and calling Mr Hirsch a “bad appointment”.

The article in the Left-leaning Haaretz newspaper said: “Even now, at Israel’s lowest moment, Netanyahu’s people are busy first and foremost with self-glorification, and to hell with the country.”

The Israeli government is still facing a dilemma whether to wait to negotiate a possible release of at least civilian hostages or go ahead with its promises of a ground invasion to reassert its position after Hamas’s cross-border raid was made possible by an embarrassing intelligence and military failure.

Gershon Baskin, who in 2011 negotiated with Hamas on the release of the IDF soldier Gilad Shalit in exchange for the release of 1,027 Palestinian inmates, told the Telegraph that time was running out for Israel.

“The window of opportunity is open as long as a ground operation hasn’t started,” said Mr Baskin, who serves as the Middle East director for the London-based advocacy group International Communities Organisation.

“Once it begins, it will make it much more difficult if not impossible to save the hostages.”

Mr Hirsch resigned from the Israeli armed forces a few months after the crisis in Lebanon in 2006 in response to public anger and frustration about the abductions and the failure at Bint Jbeil.

An inquiry found that his troops were poorly prepared for the fatal Hezbollah raid and abduction. Mr Hirsch at the time dismissed the inquiry as “agenda-driven”.

Mr Netanyahu’s office declined to comment.

Israel-Palestine war: US faith leaders urge immediate ceasefire in congressional 'pray-in'

Widespread backing for a ceasefire among the Democratic base is not represented among Democratic members of US Congress


Faith leaders and activists gather in Rep. Hakeem Jeffries' office for a 'pray-in' on Tuesday 

(Zaina Alsous)

By MEE staff
Published date: 24 October 2023 

A group of Muslim, Jewish and Christian faith leaders and activists gathered in House Minority Leader Hakeem Jeffries' office on Tuesday morning in Washington DC, conducting a prayer session and advocating for an immediate ceasefire in Gaza, emphasising it as an ethical decision.

In a poignant gesture, activists held up mirrors inscribed with the words "The world is watching" on the reverse side, with the intention of prompting Congress to confront their potential involvement in Israeli war crimes.

"Every Democrat in Congress who is allowing Israel to carry out mass atrocities in Gaza should know that the world is watching. The only moral choice is ceasefire," Sandra Tamari, the executive director of the Adalah Justice Project, said.

"We will continue disrupting business as usual until Hakeem Jeffries and the Democratic party stops this genocide."

The event began with prayers mourning the thousands of Palestinians who were killed since 7 October. It included payers by Imam Suhaib Webb, Reverend Andre Greene and Rabbi Alissa Wise, along with others.

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At least 1,400 Israelis were killed during an unprecedented surprise attack on Israel on 7 October by Hamas and other Palestinian armed groups. Israel says 222 were also taken back to Gaza as captives. Four of them have since been released. Israel responded with a bombing campaign that has taken thousands of Palestinian lives and counting.

At least 5,791 Palestinians have been killed, including 2,360 children and 1,292 women. At least 1,200, including 500 children, are missing and believed to be under rubble.
Faith leaders and activists leave notes on Rep. Hakeem Jeffries' door with the names of those killed (Zaina Alsous)

Religious leaders and advocates underscored the tragic consequences of each explosion and every life lost. They did this by reciting close to 200 names of individuals who were killed due to "American-made weapons".

"Representative Jeffries and fellow progressives should reevaluate their commitment to justice if they continue to oppose a ceasefire in Palestine. Failure to support it undermines their dedication to racial, economic and environmental justice," Webb said.

"History may remember them as the establishment's enablers rather than genuine voices for truth, as allies of plutocracy instead of champions of democracy."

Although there's widespread backing for a ceasefire among the Democratic base, only 18 Democratic representatives have voiced their support by endorsing Rep. Cori Bush's "Ceasefire NOW" resolution presented last week.

At the same time, US President Joe Biden's administration is urging Congress to approve a financial package, proposing $14bn in military aid that would support Israel's military.

"Democratic leadership has failed to stand on the side of what is right. Leadership should be ashamed of its complicity in supporting the genocide of the Palestinian people," Iman Abid, the director of organising and advocacy at the US Campaign for Palestinian Rights, said.

"Their choices are not only against what the majority of Americans are demanding - an immediate ceasefire - but also immoral. We cannot unconditionally fund Israel through this atrocity."

UN chief says violations of law in Gaza, urges immediate ceasefire

AFP/UNITED NATIONS, UNITED STATES
LAST EDITED OCTOBER 24, 2023 

United Nations Secretary-General Antonio Guterres and Brazil's Foreign Minister Mauro Vieira attend a meeting on the conflict between Israel and the Palestinian Islamist group Hamas at UN headquarters in New York, Tuesday. REUTERS

UN Secretary-General Antonio Guterres on Tuesday alleged violations of international law in Gaza and urged an immediate ceasefire as Israel pounds the Palestinian territory, with the crisis deeply dividing the Security Council.

Israel voiced anger over the UN chief's plea before a high-level session of the Security Council, where the Palestinian foreign minister in turn denounced what he described as inaction in the conflict that has killed thousands on both sides, mostly civilians.

Opening the session, Guterres said there was no excuse for the "appalling" violence by Hamas militants on October 7 but also warned against "collective punishment" of the Palestinians.

"I am deeply concerned about the clear violations of international humanitarian law that we are witnessing in Gaza. Let me be clear: No party to an armed conflict is above international humanitarian law," Guterres said, without explicitly naming Israel.

Guterres said that the Palestinians had been "subjected to 56 years of suffocating occupation," telling the Security Council: "It is important to also recognise the attacks by Hamas did not happen in a vacuum."

His remarks infuriated Israeli Foreign Minister Eli Cohen who, pointing his finger at Guterres and raising his voice, recounted graphic accounts of civilians including young children killed on October 7.

"Mr Secretary-General, in what world do you live?" Cohen said.

Rejecting tying the violence to the occupation, Cohen said Israel gave Gaza to the Palestinians "to the last millimeter" with its withdrawal in 2005.

Israel shortly afterward imposed a blockade of the impoverished territory, in place ever since, after Hamas took power, and it still occupies the West Bank.

Israel's ambassador to the United Nations, Gilad Erdan, called on Guterres to resign -- writing on X, formerly known as Twitter.

More than 5,700 Palestinians, also mostly civilians, have been killed across the Gaza Strip in Israeli bombardments, the territory's health ministry said.

Guterres, who personally traveled to the crossing between Egypt and Gaza in a push to let in assistance, welcomed the crossing of three aid convoys so far through the Rafah crossing.

But Guterres said it was "a drop of aid in an ocean of need," as the UN agency for Palestinian refugees warned it would be forced to stop working Wednesday due to lack of fuel.

"To ease epic suffering, make the delivery of aid easier and safer, and facilitate the release of hostages, I reiterate my appeal for an immediate humanitarian ceasefire."
Israel, backed by the United States, has rejected calls to halt the offensive, saying it would only allow Hamas to regroup.

The United States last week vetoed a draft resolution on the crisis, saying it did not sufficiently support Israel's right to respond to Hamas.

Secretary of State Antony Blinken asked the Security Council to back a new US-led resolution that "incorporates substantive feedback."

The draft, seen by AFP, would defend the "inherent right of all states" to self-defense while calling for compliance with international law. It would back "humanitarian pauses" to let in aid but not a full ceasefire.

"No member of this council -- no nation in this entire body -- could or would tolerate the slaughter of its people," Blinken said.

Veto-wielding Russia quickly said it would oppose the US draft.

"The main sign that the whole world is expecting from the Security Council is a call for a swift and unconditional ceasefire on the opposing parties. This is precisely what is not in the American draft," said Russia's ambassador, Vassily Nebenzia.

The foreign minister of the Palestinian Authority, run by Hamas rivals
, called inaction by the Security Council "inexcusable."

"The ongoing massacres being deliberately and systematically and savagely perpetrated by Israel -- the occupying power against the Palestinian civilian population under illegal occupation -- must be stopped," Riyad al-Maliki said.

With the Security Council deadlocked, the General Assembly, whose decisions are non-binding, will also take up the crisis Thursday at the request of a number of countries including Jordan and Russia.

 

Israel rejects calls for ceasefire at major UN meeting and vows to destroy Hamas

Eli Cohen speaks during the Security Council meeting (Seth Wenig/AP)
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Edith M Lederer, Associated Press

Israel has vowed again to destroy Hamas, rejecting calls from the United Nations chief, the Palestinians and many countries at a high-level UN meeting for a ceasefire, and declaring that the war in Gaza is not only its war but “the war of the free world”.

Foreign minister Eli Cohen also dismissed calls for “proportionality” in the country’s response to Hamas’s surprise attacks on Israel on October 7 which killed 1,400 people and has since led to more than 5,700 Palestinian deaths in the Gaza Strip, according to its Health Ministry.

“Tell me, what is a proportionate response for killing of babies, for rape (of) women and burn them, for beheading a child?” he asked. “How can you agree to a ceasefire with someone who swore to kill and destroy your own existence?”

It is not only Israel’s right to destroy Hamas. It’s our duty       

Eli Cohen

He told the UN Security Council that the proportionate response to the October 7 massacre is “a total destruction to the last one of the Hamas”, calling the extremist group “the new Nazis”.

He added: “It is not only Israel’s right to destroy Hamas. It’s our duty.”

Mr Cohen called the Hamas attacks “a wake-up call for the entire free world” against extremism, and he urged “the civilised world to stand united behind Israel to defeat Hamas”.

He warned that today it is Israel, and tomorrow Hamas and the attackers “will be at everyone’s doorstep”, starting with the West.

Mr Cohen accused Qatar of financing Hamas and said the fate of the more than 200 hostages taken from Israel, some of whose families came to the UN meeting, was in the hands of its emir.

For those actively engaged to avoid an even greater humanitarian catastrophe... it must be clear that this can only be achieved by putting an immediate end to the Israeli war
Riyad al-Maliki

Palestinian foreign minister Riyad al-Maliki demanded an end to the Israeli attacks.

“We are here today to stop the killing, to stop… the ongoing massacres being deliberately and systematically and savagely perpetrated by Israel, the occupying power, against the Palestinian civilian population,” he said.

“Over two million Palestinians are on a survival mission every day, every night.”

Under international law, he said, “it is our collective human duty to stop them

Mr al-Maliki warned that more attacks and killings and weapons and alliances will not make Israel safer: “Only peace will.”

“For those actively engaged to avoid an even greater humanitarian catastrophe and regional spillover, it must be clear that this can only be achieved by putting an immediate end to the Israeli war launched against the Palestinian people in the Gaza Strip,” he said. “Stop the bloodshed.”

UN secretary-general Antonio Guterres had opened the monthly meeting on the decades-old Israeli-Palestinian conflict — which has turned into a major event with ministers from the war’s key parties and a dozen other countries flying to New York — warning that “the situation in the Middle East is growing more dire by the hour”.

The UN chief said the risk of the war spreading through the region is increasing as societies splinter and tensions threaten to boil over.

He called for an immediate humanitarian ceasefire to deliver desperately needed food, water, medicine and fuel. He also appealed “to all to pull back from the brink before the violence claims even more lives and spreads even farther”.

Mr Guterres stressed that the rules of war must be obeyed.

UN Security Council
Antonio Guterres speaks during the meeting in New York (Seth Wenig/AP)

He said the grievances of the Palestinian people cannot justify “the horrifying and unprecedented October 7 acts of terror” by Hamas in Israel and demanded the immediate release of all hostages.

But Mr Guterres also stressed that “those appalling attacks cannot justify the collective punishment of the Palestinian people”.

He expressed deep concern at “the clear violations of international humanitarian law”, calling Israel’s constant bombardment of Gaza and the level of destruction and civilian casualties “alarming”.

Protecting civilians “is paramount in any armed conflict”, he said.

Without naming Hamas, the UN chief stressed that “protecting civilians can never mean using them as human shields”.

Mr Guterres also criticised Israel without naming it, saying: “Protecting civilians does not mean ordering more than one million people to evacuate to the south, where there is no shelter, no food, no water, no medicine and no fuel, and then continuing to bomb the south itself.”

Mr Cohen criticised the secretary-general’s remarks. After being told by a reporter that Mr Guterres stood by his statement, the Israeli minister said: “There is no cause for this, and shame on him.”

Israel’s UN ambassador Gilad Erdan went further, taking issue especially with Ms Guterres’s statement that it is important to recognise that “the attacks by Hamas did not happen in a vacuum”.

He accused the secretary-general of having lost “all morality and impartiality” and called for his resignation.

The US is pushing for adoption of a resolution that would condemn the Hamas attacks in Israel and violence against civilians, and reaffirm Israel’s right to self-defence. There were some expectations that it might go to a vote on Tuesday, but diplomats said it was still being negotiated.

EU and Britain clash over ceasefire between Israel and Hamas


Joe Barnes
Mon, 23 October 2023 

Palestinian fighters at a funeral as fighting continues - AFP/ZAIN JAAFAR

France and EU leaders have backed a ceasefire between Israel and Hamas, setting up a clash with Britain and the US as ground troops ready themselves to invade Gaza.

Elisabeth Borne, the French prime minister, called for a “humanitarian truce” for more aid to enter Gaza in a move that mirrored Western divides over Ukraine.

Josep Borrell, the EU’s top foreign diplomat, argued that a halt to Israeli bombing would allow for more time to negotiate the release of hundreds of hostages held captive by Hamas.

A number of EU leaders are also set to back a “pause” in fighting in a confidential draft statement seen by The Telegraph.

It came as Rishi Sunak told the House of Commons it would be “difficult” to push for a ceasefire as he argued for Israel’s right to defend itself.

“It is difficult to tell Israel to have a ceasefire when it is still facing rocket fire on an almost daily basis, and when its citizens are still being held hostage and it has suffered an appalling terrorist attack where it has a right to defend itself,” the Prime Minister told MPs.

Joe Biden has given his confirmed support to Israel, and the US confirmed on Monday evening that it was sending more weapons and additional troops to the region.

He dismissed calls for a ceasefire, telling reporters: “We should have those hostages released and then we can talk.”

Mr Sunak also warned on Monday that the “misreporting” of an explosion at a Gaza hospital last week had had a “negative” impact on US diplomatic efforts to dial down tensions in the wider Middle East.

He said British intelligence believed the rocket came from Gaza, following similar conclusions by US spies and independent analysis.


The international community is increasingly split over launching a full-scale war.

On Monday night, Hamas said it had released two elderly Israeli hostages for “humanitarian” reasons, in a concession that is likely to increase calls for a delay in invading Gaza.

Yocheved Lifschitz, 85, is the mother of British academic Sharone Lifschitz, who told The Telegraph on Monday night that she was heading to the airport to meet her mother. Yocheved Lifschitz, along with Nurit Cooper, 79, was handed over to the Red Cross at the Rafah crossing with Egypt.

Meanwhile, Washington was said to be working with Qatar on a deal to release as many as 50 of the 222 hostages held by Hamas, according to a report by The New York Times.

Benjamin Netanyahu is delaying a full invasion because of concerns with securing the northern border with Lebanon, Israeli media reported on Monday. He is said to have clashed with Israel Defense Forces chiefs who are eager to start the incursion into Gaza.

The international community is increasingly split over launching a full-scale war.

There is mounting concern in Europe over the humanitarian conditions inside Gaza after 17 days of bombardment by Israel in retaliation for Hamas’s Oct 7 massacre of 1,400 people.

The reprisal strikes have killed more than 5,000 Palestinians in Gaza, according to the enclave’s Hamas-controlled health ministry.

Although two aid convoys were allowed to enter the terrorist-controlled territory through Egypt over the weekend, the United Nations has called for a ceasefire to allow for more humanitarian assistance.

Ms Borne joined the UN calls for a ceasefire to allow more aid to pass through the Rafah crossing, Gaza’s only non-Israeli frontier. “The opening at the Rafah crossing point is still very limited. We call for the Rafah door to be opened to allow new passages,” she told the French Assembly.

“The distribution of aid requires a humanitarian truce that can lead to a ceasefire,” she added.

Palestinians flee following an Israeli air strike in Gaza - Shutterstock

Emmanuel Macron is scheduled to visit Israel on Tuesday, and is also expected to visit Cairo in a bid to secure the release of hostages held by Hamas.

One French citizen is known to be among the 222 people abducted and six other French nationals have been missing since the terror group’s surprise attack.

The French leader held talks with Ebrahim Raisi, the Iranian president, last week, and called for Tehran not to escalate the conflict given its close ties with Hamas.

Mr Macron attempted to secure a similar diplomatic end to the war in Ukraine when he held talks with Russian president Vladimir Putin shortly after his invasion.

After his Russian talks, the French president was widely accused of having played into Moscow’s efforts to freeze the conflict.

With concerns growing over a humanitarian crisis in Gaza, EU leaders are set to back calls for a halt to the war at a European Council summit on Thursday.

A confidential draft of their statement says they will back a “humanitarian pause” between Israel and Hamas.

“The European Council supports the call of [UN secretary-general] Guterres for a humanitarian pause in order to allow for safe humanitarian access and aid to reach those in need,” the text, seen by The Telegraph, says.

An Israeli soldier stands in an armoured vehicle. The army has yet to be given the order for a full ground invasion - JALAA MAREY/AFP

The draft text also called for the “immediate release of all hostages without any precondition” and insists the Palestinian Authority should be involved in peace talks.

On Monday the motion was supported by Spain, Ireland, Slovenia, Luxembourg and the Netherlands, at a meeting of the bloc’s foreign ministers in Luxembourg.

Mr Borrell said: “I think a humanitarian pause is needed in order to allow humanitarian support to come in and be distributed.”

Micheál Martin, Ireland’s foreign minister, said: “The suffering of innocent civilians, particularly children, is on a scale that requires an immediate cessation in our view.”

However, the planned statement has triggered a row as Israel’s most ardent European allies have refused to publicly back a ceasefire.

“We cannot contain the humanitarian catastrophe if Gaza’s terrorism continues. There will be no security and no peace for either Israel or the Palestinians if this terrorism continues,” Annalena Baerbock, Germany’s foreign minister, said.

Her Austrian counterpart, Alexander Schallenberg, said: “Of course everyone would wish that the violence comes to an end. But Israel has the right to self-defence.”

Jan Lipavsky, the Czech foreign minister, questioned how a ceasefire would be enforced when “the Hamas terrorist organisation now is controlling the situation” in Gaza.

Mr Sunak also put himself at odds with European calls for a truce between Israel and the terrorist group, suggesting a push for a ceasefire would be “difficult”.

“But as I have said it is important that that is done in accordance with international law and it’s important that Israel takes every possible precaution to avoid harming civilians,” he added.

The US last week vetoed a UN Security Council resolution calling for a “humanitarian pause” to open up aid corridors into Gaza.

On Monday, Mr Biden’s top national security official said that the United States would send more forces to the Middle East in the “days and weeks ahead”.

Jake Sullivan, the White House’s national security adviser, said Mr Biden had “added additional military forces to the region and more forces will be coming in days and weeks ahead, to try to deter any actor from widening or deepening this conflict”.

He said the US was conducting an “hour by hour” operation to secure the release of as many Hamas hostages as possible.

In an earlier briefing, he told reporters that “security assistance” was reaching Israel “almost on a near-daily basis”.

“Every day is a little bit different, obviously, based on the needs of the Israelis,” he said.

“We’re being careful not to quantify or get into too much detail about what they’re getting – for their own operational security purposes, of course. But that security assistance continues to flow.”

Alphabet Inc’s Google is disabling live traffic conditions in Israel and the Gaza Strip for its Maps and Waze apps at the request of the Israeli military, ahead of a potential ground invasion into Gaza.

A JANUS COURT
International Criminal Court’s response to Palestine, Ukraine raises impartiality, political influence concerns: Experts

ICC acted rapidly over war crimes claims in Ukraine but seems ‘very slow’ when it comes to Palestine, says Ben Saul, an international law expert set to take over as UN special rapporteur next month

Necva Tastan |24.10.2023 


ISTANBUL - Court needs to show same urgency to reassure the world that it is impartial, Saul tells Anadolu

- Lack of urgency about Palestine compared to Ukraine shows ‘inequality loaded with political influences,’ says Dewan Khalil, senior lawyer at UK firm part of previous ICC cases involving Israel

The devastating human cost of Israel’s relentless assault on the Gaza Strip continues to mount by the hour.

More than 5,000 Palestinian men, women and children have been killed in Israeli bombardment, which has targeted all areas of the besieged Palestinian enclave.

Its aerial attacks have hit densely populated residential areas, hospitals and other civilian sites, also claiming the lives of dozens of humanitarian and health workers and journalists.

Israel has cut off basic supplies, such as water, electricity and humanitarian aid, to more than 2.2 million people in the Gaza Strip, while also ordering what some experts call the forced displacement of over 1.1 million with its evacuation warning for northern Gaza.

For Israel, all of this was a response to the Oct. 7 attack by Hamas and its subsequent rocket attacks on Israeli areas, which have now claimed more than 1,400 lives.

But many around the world have questioned the excessive and disproportionate force used by Israel, giving rise to multiple warnings of war crimes and crimes against humanity, from legal experts and even officials like Francesca Albanese, UN special rapporteur for the occupied Palestinian territories.

One of the areas of focus has been the role – or the apparent lack of it – of institutions like the UN’s International Court of Justice (ICJ), or the independent International Criminal Court (ICC), which, by its own definition, has the specific mandate of acting on “the gravest crimes of concern to the international community: genocide, war crimes, crimes against humanity and the crime of aggression.”

On Monday, the ICJ announced it will hold public hearings on the request for an advisory opinion on the “legal consequences arising from the policies and practices of Israel in the occupied Palestinian territory, including East Jerusalem.”

However, the hearings will begin on Feb. 19 next year.

As for the ICC, several experts have been calling on it to take immediate action over the growing escalation in Gaza.

“While the ICC responded rapidly to allegations of war crimes in Ukraine since last year, it seems to be very slow in addressing crimes in Palestine since it began its investigation in 2015,” said Ben Saul, who was recently appointed as the next UN special rapporteur on promotion and protection of human rights and fundamental freedoms while countering terrorism.

Saul, currently the Challis Chair of International Law at the University of Sydney in Australia, will take over the post this November.

He said the ICC needs to show “the same urgency and mobilization of resources, to reassure the world that it is impartial and that its legitimacy is not undermined by the geopolitical forces.”

“All states should cooperate with the court where they have information about crimes,” he told Anadolu.

He pointed out that there have been several violations by both Hamas and Israeli forces in the current escalation.

For Israel, he said the “total siege of Gaza is a violation of international law, and could constitute the war crime of starvation.”

“Israel has an obligation to allow and facilitate rapid and unimpeded humanitarian relief, including food and medicine. Israel’s warnings to civilians about impending attacks must be effective, and its order to evacuate over 1 million people in northern Gaza, under siege conditions was not sufficient,” he said.

“More information is needed about Israel’s targeting decisions and intelligence, but it is possible that some of the thousands of Israeli bombings in Gaza may have involved excessive civilian casualties or indiscriminate attacks.”

For Hamas, Saul said the “mass killings of Israeli civilians could constitute the international crime of genocide if specifically intended to destroy part of the Israeli and/or Jewish people as such.”

“They could also constitute various crimes against humanity,” he said.

ICC response shows ‘inequality loaded with political influences’

The ICC has confirmed its jurisdiction over war crimes in Palestine for all parties, according to Khalil Dewan, head of legal investigations at UK-based law firm Stoke White, which has been part of previous cases at the ICC involving Israel.

“The ICC are accepting evidence bundles of war crimes, and recently announced that the prosecutor holds jurisdiction via Palestine,” he told Anadolu.

“The court’s jurisdiction of war crimes includes Jerusalem, West Bank and Gaza for all parties to the conflict.”

He said many law firms are gathering evidence “including current hostilities – targeting civilians, protected infrastructure and collective punishment.”

“Israel’s pending ground force actions will be carefully examined and submitted to the ICC,” he said.

Dewan pointed out that Israel will “reject the ICC’s jurisdiction,” but added that “it has already been claimed by the (ICC) prosecutor.

“In any case, the ICC’s lack of urgency and approach to war crimes in Palestine, compared to the response to Ukraine demonstrates inequality loaded with political influences,” he asserted.

Dewan said that international law remains an “indeterminate legal system,” and that “some states deploy the strategy of ‘lawfare’ to win military objectives, including politics and media narratives.”

He said Palestinians have “exhausted all international legal and political avenues in seeking justice.”

“The calls at the Organization of Islamic Cooperation to form a separate regional mechanism for peace and safeguarding security of Palestine would be a welcomed initiative,” he said.

“If UN resolutions are not upheld on Palestine, then it’s vital to seek decolonial approaches to international law, and weed out lawfare designed to silence and subjugate non-Western states.”

‘ICC can issue arrest warrants’

Ahmet Necip Arslan, an Istanbul-based attorney, echoed the same views, saying that the ICC’s mechanisms are “very slow.”

“Often the decisions made, in any stage, can be under the heavy influence of governments and politics,” he told Anadolu.

Arslan pointed out that the ICC “can issue arrest warrants,” stressing that “this can be an effective method to stop an armed conflict.”

He said reports coming out of Gaza “indicate that Israel is employing prohibited weapons like white phosphorus and targeting places of worship and cultural properties, both considered war crimes.”

Israel, he continued, has been depriving civilians of essentials such as food, water, humanitarian aid, antibiotics and medical supplies, adding that these could be violations of international law that could be “potential war crimes.”

Israel-Hamas war threatens world economy, bankers tell Saudi forum

Robbie COREY-BOULET and Haitham EL-TABEI
Tue, 24 October 2023 at 6:43

In this article:
Ajay Banga
Indian American business executive, CEO of Mastercard

Israel has bombarded targets in the Gaza Strip for more than two weeks since Hamas's deadly cross-border attacks on October 7 and is poised for a widely anticipated ground offensive (Jack Guez)

The war between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday.

The dour mood from some of the gathering's most high-profile speakers underscored how the war threatens attempts by the world's biggest oil exporter to diversify its economy away from fossil fuels.

Hamas militants stormed into Israel from the Gaza Strip on October 7 and killed at least 1,400 people, mostly civilians who were shot or burnt to death on the first day of the raid, according to Israeli officials.


The militants also took 222 people hostage, among them elderly people and young children, according to the Israeli authorities' latest count.

More than 5,700 Palestinians, mainly civilians, have been killed across the Gaza Strip in retaliatory Israeli bombardments, the territory's Hamas-run health ministry said.

"What just happened recently in Israel and Gaza -- at the end of the day you put all this together, I think the impact on economic development is even more serious," World Bank President Ajay Banga told the Future Investment Initiative (FII), often referred to as "Davos in the Desert", on Tuesday.

"I think we're at a very dangerous juncture," he added.

The raging war risks drawing in other countries, notably Lebanon, home to the Iran-backed Hezbollah militant group which has engaged in daily exchanges of fire with Israeli forces.

"If these things are not resolved, it probably means more global terrorism, which means more insecurity, which means more (of) society is going to be fearful, less hope," said BlackRock CEO Larry Fink.

"And when there's less hope we see contractions in our economies."

More than 6,000 delegates are registered for the three-day event that will feature appearances by global banking chiefs and the presidents of South Korea, Kenya and Rwanda, organisers say.

- Unstable neighbourhood -

But Wall Street leaders indicated that lofty themes of innovation and economic transformation would be at least partly overshadowed by the shocking violence in Israel and Gaza.

"We're sitting here with the backdrop, which I think we all acknowledge, of the aftermath of the terrorist attack in Israel and the events that have been unfolding since, and it's desperately sad. So it's hard not to be a little bit pessimistic," Citi CEO Jane Fraser said.

The war stands in stark contrast to the vision of a more stable and prosperous Middle East championed by Saudi Arabia, which this year rebuilt ties with Iran and was in talks towards recognising Israel before the fighting broke out.

The conflict comes halfway through the Vision 2030 reform agenda championed by the kingdom's de facto ruler, Crown Prince Mohammed bin Salman, which is intended to remake the oil-reliant Saudi economy.

"Saudi Arabia today is all about their internal transformation which demands a stable neighbourhood," said Kristin Diwan of the Arab Gulf States Institute in Washington.

"It's harder to get people to invest, to golf in Riyadh, or to sun along the Red Sea coast when the region is associated with war and terrorism."

Riyadh has condemned violence against civilians in Gaza and affirmed its support for the Palestinian cause.

A source familiar with discussions on possible normalisation with Israel told AFP this month that the process had been paused.

- Hopes for stability -

Saudi officials have signalled they intend to forge ahead with their economic reform plans despite fears of wider regional turmoil.

In addition to FII, the capital this week is hosting its first fashion week and a boxing match between Tyson Fury and Francis Ngannou.

The FII opening ceremony featured a vocal performance by Britain's Got Talent contestant Malakai Bayoh as a giant dove flashed on a screen behind him.

Some attendees struck a positive note despite grim headlines from the region.

The war "is in the minds of each and everyone", Laurent Germain, CEO of construction engineering firm Egis Group, told AFP.

"But I guess in the economic world we're optimistic people. We're hoping for the comeback to stability as soon as possible."

Atul Arya, chief energy strategist at S&P Global Commodity Insights, said the current geopolitical situation was "challenging" but that "economic development never stops".

rcb/th/srm
'Enough is enough': Qatar emir takes aim at Israel's backers

AFP
Updated Tue, 24 October 2023 


Qatar's ruler Sheikh Tamim bin Hamad Al-Thani, is a US ally whose country also hosts the political bureau of Palestinian militant group Hamas (TIMOTHY A. CLARY)


The Qatari ruler hit out at Israel's backers Tuesday, charging they had given it "free licence to kill" in its war with Hamas and questioning what the conflict would achieve.

Major powers, including the United States, Britain and France, have rallied to support Israel and affirmed its right to defend itself after this month's deadly attack by the Palestinian Islamist group.

Hamas militants stormed into Israel from the Gaza Strip on October 7, killing at least 1,400 people, mostly civilians, and taking 222 hostages, according to Israeli officials.

More than 5,000 Palestinians, mainly civilians, have been killed across the Gaza Strip in relentless Israeli bombardments in retaliation for the attack, according to the territory's Hamas-run health ministry.

"We are saying enough is enough," Emir Sheikh Tamim bin Hamad Al-Thani told a meeting of the Shura Council, Qatar's legislative body, according to a translation released by the royal court.

"It is untenable for Israel to be given an unconditional green light and free licence to kill, nor is it tenable to continue ignoring the reality of occupation, siege and settlement."

Qatar, a US ally which hosts a large US military base, also hosts an office of Hamas which doubles as the main residence of its self-exiled leader Ismail Haniyeh.

The wealthy Gulf monarchy has acted as a communications channel with Hamas and is playing a key role in negotiations to release the hostages, with four freed so far.

"It should not be allowed in our time to use cutting off water and preventing medicine and food as weapons against an entire population," the emir said, referring to Israel's siege of Gaza.

"We call for an earnest regional and international stance vis-a-vis this dangerous escalation that we are witnessing, and which threatens the security of the region and the world."

He added: "We would like to ask those who have aligned with the war, and those acting to gag any dissenting opinion: what would come in the aftermath of this war?

"Would it bring security and stability to Israelis and Palestinians? Where would the Palestinians head for afterwards?"

The leaders of Britain, France, Germany, Italy and the United States have all visited Israel since the October 7 attack.
REACTIONARY ISLAMOPHOBIC CRUSADE
‘Anti-Islamic State coalition be included in fight against Hamas’: France's Macron
DAESH/ISIS IS NOT HAMAS

Speaking alongside Israeli Prime Minister Benjamin Netanyahu in Jerusalem, French President Macron stressed that France and Israel share terrorism as their "common enemy", but gave little detail on how the US-led coalition of dozens of countries could be involved.


French President Emmanuel Macron, left, shakes hands with Israel's President Isaac Herzog in Jerusalem, Tuesday, Oct. 24, 2023. (Photo: Reuters)

Reuters
Jerusalem,
UPDATED: Oct 24, 2023 

French President Emmanuel Macron proposed on Tuesday that an international coalition fighting against Islamic State in Iraq and Syria be widened to include the fight against the Palestinian militant group Hamas in Gaza.

Speaking alongside Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Macron stressed that France and Israel share terrorism as their "common enemy", but gave little detail on how the US-led coalition of dozens of countries could be involved.

"France is ready for the international coalition against Daesh in which we are taking part for operations in Iraq and Syria to also fight against Hamas," he told reporters, referring to Islamic State and promising not to leave Israel alone.

Macron also warned against the risks of a regional conflict, stressing the fight against Hamas "must be without mercy but not without rules".

Thirty French citizens were killed by Hamas militants in their attack on southern Israel on Oct. 7.

The French president, who met families of French victims at Tel Aviv airport, said freeing nine French hostages was the first priority for France.

"They must all be freed," he said.

Earlier, Macron told President Isaac Herzog in Jerusalem that France stood "shoulder to shoulder" with Israel.

Beyond showing solidarity, Macron wanted to make "proposals that are as operational as possible" to prevent an escalation, to free hostages, and guarantee Israel's security and work towards a two-state solution, presidential advisers said. He will push for a humanitarian truce, they added.

Macron's visit comes after European Union foreign ministers on Monday struggled to agree on a call for a "humanitarian pause" in the war between Israel and Hamas to allow much more aid to reach civilians.

Mahmoud Abbas's office said Macron would meet the Palestinian leader in Ramallah, in the West Bank.

'SOFT POWER FADED'

Macron's ability to influence events in the region appears limited by what some analysts say is a shift towards a more pro-Israel Anglo-American line, in contrast with the traditionally distinctive and more pro-Arab French Gaullist approach.

"France's soft power south of the Mediterranean has considerably faded," said Karim Emile Bitar, a Beirut-based foreign policy expert at French think tank IRIS.

"We're under the impression that nothing distinguishes France from other Western countries now," he said.

The French government's decision to adopt a blanket ban on pro-Palestinian protests, before it was struck down by courts, is one reason Macron has lost credit in the Arab world, he said.

French officials contest the idea that Macron's policy is biased. They say Macron has constantly reaffirmed the rights of Palestinians and the position of a two-state solution.

Macron's visit will also have a special resonance at home, where France's large Muslim and Jewish communities are on tenterhooks following the killing of a teacher by an Islamist militant that French officials have linked to the events in Gaza.

The French leader will have to tread a fine line during his tour of the region, the Israeli-Palestinian conflict having stoked tension at home and with France's fractious opposition ready to pounce on any faux pas.

The coalition fighting Islamic State was formed in September 2014 and has supported local partners "to deliver the military defeat of Daesh in Iraq and Syria" and "works to advise, assist and enable" them, including with reconnaissance and intelligence, it says on its website.

Edited By:
Manisha Pandey
Published On:
Oct 24, 2023
ALSO WATCH | French President Macron lands in Israel for solidarity visit amid war
Spain’s Socialist Party signs progressive coalition pact with far-left Sumar

Agreement includes shortening work week, raising minimum wage and boosting corporate taxes

Alyssa Mcmurtry |24.10.2023 - Update : 24.10.2023


OVIEDO, Spain

Spain’s Socialist Party and the far-left Sumar party signed a coalition pact on Tuesday, which vows to bring Spain “a second wave of labor rights,” make environmental targets more ambitious, and boost public housing.

While the coalition government still falls short of a majority in Spain’s fractured parliament, signing this agreement is a critical step toward forming a government and avoiding fresh elections.

With this ambitiously progressive agreement, the Socialist Party successfully courted Sumar, led by Yolanda Diaz, after three months of negotiations.

One of Sumar’s key victories is earning the commitment of the more centrist Socialists to reduce the standard work week from 40 hours to 37.5 hours in 2024. With social dialogue, it could eventually be whittled down to 35 hours in the following years, all without workers losing pay.

“We are going to turn this legislature into the legislature of more free time for life, to make a better Spain and improve people’s lives,” said Diaz in a press conference. “The working people deserve respect.”

The coalition pact also promised to boost minimum wage, reinforce the healthcare system, expand healthcare to dental and optical work, increase maternity and paternity leave from 16 to 20 weeks, expand free childcare, and boost public housing up to 20% of the entire housing stock.

“None of this would be possible without a major fiscal overhaul. Big companies will pay 15% on their real earnings, not the earnings they say they earn after social engineering,” said Diaz.

She estimated that the new fiscal reform would bring in €10 billion ($10.6 billion) in annual tax revenue. She also announced that Spain will “reinforce” the windfall taxes on banks and energy companies because “we cannot afford to lose this income."

The coalition pact also vows to eliminate the so-called gag law enacted in 2015 to stifle anti-austerity protests, as well as make its 2030 emissions targets more ambitious.

While Spain’s left-wing bloc is still negotiating for the support of Catalan and other regional parties to gain the needed majority, Sanchez was confident the negotiations would succeed.

“We’ve governed for five years, and we’re going to do it again for four more years,” he said on Tuesday. “We need to consolidate what we have done and take more steps toward social justice, the well-being of the majority, economic prosperity, and environmental sustainability.”
HIP CAPITALI$M

Hipgnosis board unable to find better offer in $440m song sale

Daniel O'Boyle
Tue, 24 October 2023 


The board of the Hipgnosis Songs Fund says it has been unable to find a better offer for the collection of hits it agreed to sell to a sister fund for $440 million (£359 million), as a crucial vote on its future approaches.

The fund known for buying up the rights to pop stars’ work last month revealed plans to offload songs by artists such as Nelly, Rick James and Shakira to another fund, owned by Blackstone and managed by a team led by Hipgnosis founder Merck Mercuriadis.

The Hipgnosis fund said it sold the songs to return cash to shareholders because its share price didn’t reflect the value of its portfolio. But the deal drew criticism from some shareholders, who raised questions over the price and the connections between the two funds.

That prompted the fund’s board to shop the songs around, contacting 17 different parties in search of a better offer. But today it said it has not received a binding offer, as possible bidders said they “could not justify paying a higher price” than the original deal.

Shareholders will vote on the deal on Thursday, alongside a vote on continuation of the fund itself. Relations with shareholders weren’t helped when Hipgnosis revealed earlier this month that it would have to pull its dividend, because a lower-than-expected windfall from a recent US Copyright Royalties Board decision on streaming royalties meant it couldn’t hand the money back to shareholders without breaching agreements with its lenders.

In an attempt to fight off a revolt, the fund launched a strategic review last week, which will look at a range of options including kicking out Mercuriadis.

Shares lost as much as 3.5% today to 72.8p. That values the fund at £878 million, or less than half of the most recent assessed value of its portfolio.




BLACKSTONE-BACKED $440M ACQUISITION OFFER FOR HIPGNOSIS SONGS FUND ASSETS SEES OFF RIVAL INTEREST

Taylor Swift's Me! is one of four songs on her Lover album co-written by Joel Little, whose catalog is part of the portfolio being bid on by Blackstone-backed Hipgnosis Songs Capital


OCTOBER 24, 2023
BY TIM INGHAM

Last month, MBW broke the news that there was some interesting goings-on at Hipgnosis.

As reported, Blackstone-backed Hipgnosis Songs Capital (HSC) launched a bid to acquire 29 catalogs from UK-listed Hipgnosis Songs Fund (HSF) for USD $440 million.

These 29 catalogs include shares in hits performed by Taylor Swift and Lorde (Joel Little) as well as by Justin Bieber (Poo Bear), plus shares in the songwriting catalogs of stars such as Shakira, Rick James and Barry Manilow.

The $440 million offer price represented a multiple of 18.3x historical Net Publisher Share (NPS) of the catalogs, and a rise of +26% vs. the price paid by HSF for their original acquisition.


Sat in the middle of this activity was Hipgnosis Song Management (HSM), the investment adviser to both HSC and HSF.

HSM’s CEO – Merck Mercuriadis – explained at the time that he had “consulted with many of [HSF’s] largest shareholders” ahead of the $440 million acquisition bid.

Mercuriadis further explained that the primary benefit of a successful acquisition from an HSF shareholder’s perspective was that it would “release cash enabling [HSF] to reduce debt and ‘buy back’ shares in the market”, which would then potentially lead to a market ‘re-rating’ of HSF’s share price.

(As those of you following this story will know, HSF’s share price is currently trading at around half the size of the value placed on it by independent valuer, Citrin Cooperman. Blackstone’s $440 million bid for the 29 catalogs represents a 17.5% discount on this portfolio’s price as per this independent valuation.)

However, there was a big caveat to HSC’s bid to acquire these rights: To ensure that HSC’s offer was competitive, HSF entered into an independent ‘go shop’ period, in which it solicited bids from other parties to – effectively – see if that $440 million offer could be beaten.

It couldn’t.


In a note to shareholders today (October 24) , HSF’s board said that “following substantive engagement with a number of parties”, it did not receive a “Superior Offer” as part of the ‘go shop’ process.

HSF’s board said in a shareholder update that it had “received feedback through the process [from] a number of the parties assessed that they could not justify paying a higher price” than the $440 million offer from HSC.

(HSC had a ‘matching right’ if a superior bid was made, meaning that it could have raised its own bid offer to gazump any rival approaches at a higher price.)

In total, HSF’s board says it was in contact with 17 parties at the beginning of the ‘go shop’ process. Eight parties then signed NDAs, before one – non-binding – offer was made.

And that was the end of that.


This is another interesting chapter in the story of Hipgnosis Songs Fund, which has been a point of fixation for the financial pages of UK newspapers in the past two weeks. (HSF trades on the London Stock Exchange.)

On Thursday (October 26), HSF will hold shareholder votes on two crucial topics:Whether or not to accept Blackstone/HSC’s $440 million offer for the 29 catalogs;
Whether or not HSF should continue in its current form – a decision that will be reached via a ‘continuation vote’ amongst shareholders

Regardless of the way the votes move on these two issues, Merck Mercuriadis (via HSM) holds an ongoing “call option” to acquire the assets of Hipgnosis Songs Fund should HSF terminate the contract of HSM as its investment adviser.

As MBW reported last week, a “call option” is an agreement that sees a potential buyer (in this case HSM) able to acquire assets at a previously-specified price from a potential seller (in this case HSF).Music Business Worldwide