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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 23, 2025

    Featured image for article about Headlines

    By Michelle Nichols

    UNITED NATIONS (Reuters) -United Nations chief Antonio Guterres on Friday said Israel has only authorized for Gaza what "amounts to a teaspoon of aid when a flood of assistance is required" and again signaled that the U.N. won't take part in a new U.S.-backed distribution plan.

    "Without rapid, reliable, safe and sustained aid access, more people will die – and the long-term consequences on the entire population will be profound," Guterres told reporters.

    Israel says about 300 trucks of aid have entered Gaza via the Kerem Shalom crossing since it lifted an 11-week blockade on Gaza on Monday, but Guterres said that so far only about a third of those truckloads have been transported from the crossing to warehouses within Gaza due to insecurity.

    Israel has allowed aid deliveries by the U.N. and other aid groups to briefly resume until a new U.S.-backed distribution model - run by the newly created Gaza Humanitarian Foundation - is up and running by the end of the month. The U.N. says the plan is not impartial or neutral, and that it will not be involved.

    Israel said its blockade had been aimed in part at stopping Palestinian militants Hamas from diverting and seizing aid supplies. Hamas has denied stealing aid. The GHF plan involves using private security contractors to transport aid to so-called secure hubs for distribution by civilian humanitarian teams.

    "The United Nations has been clear: We will not take part in any scheme that fails to respect international law and the humanitarian principles of humanity, impartiality, independence and neutrality," Guterres said.

    The U.N. and its partners have a plan to get the aid needed into Gaza, he said.

    "The supplies – 160,000 pallets, enough to fill nearly 9,000 trucks – are waiting," Guterres said. "This is my appeal for life-saving aid for the long-suffering people of Gaza: Let's do it right. And let's do it right away.

    (Reporting by Michelle Nichols; Editing by Caitlin Webber and Philippa Fletcher)

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