Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    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.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    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

    Trump makes 2,000-pound bombs available to Israel, undoing Biden pause

    Trump makes 2,000-pound bombs available to Israel, undoing Biden pause

    Published by Global Banking and Finance Review

    Posted on January 25, 2025

    Featured image for article about Headlines

    By Steve Holland, Nandita Bose and Kanishka Singh

    WASHINGTON (Reuters) - Republican President Donald Trump said on Saturday he has instructed the U.S. military to release a hold imposed by Democratic former President Joe Biden on the supply of 2,000-pound bombs to Israel.

    The move was widely expected. 

    "We released them. We released them today. And they'll have them. They paid for them and they've been waiting for them for a long time. They've been in storage," Trump told reporters aboard Air Force One. 

    Biden put the hold on the delivery of those bombs due to concern over the impact they could have on the civilian population, particularly in Gaza's Rafah, during Israel's war in the Palestinian enclave. 

    One 2,000-pound bomb can rip through thick concrete and metal, creating a wide blast radius. Reuters reported last year that the Biden administration had sent thousands of 2,000-pound bombs to Israel after the Oct. 7, 2023, attack by Palestinian Hamas militants from Gaza but had put a hold on one shipment.

    Washington has announced assistance for Israel worth billions of dollars since the war began.

    When asked why he released the powerful bombs, Trump responded, "because they bought them."

    Earlier on Saturday, Trump said on the Truth Social platform, "A lot of things that were ordered and paid for by Israel, but have not been sent by Biden, are now on their way!"

    Trump and Biden have been strong supporters of U.S. ally Israel, even as Washington has come under criticism from human rights advocates over the humanitarian crisis in Gaza from Israel's military assault. Protesters have unsuccessfully demanded an arms embargo.

    Washington says it is helping Israel defend against Iran-backed militant groups like Hamas in Gaza, Hezbollah in Lebanon and the Houthis in Yemen.

    A Gaza ceasefire went into effect a week ago and has led to the release of some Israeli hostages held by Hamas in exchange for Palestinian prisoners held by Israel. Before his inauguration on Jan. 20, Trump had warned there would be "hell to pay" if hostages held by Hamas in Gaza were not released.

    Hamas took around 250 hostages during the 2023 attack on Israel in which about 1,200 people were killed, according to Israeli tallies. It sparked the latest bloodshed in the decades-old Israeli-Palestinian conflict.

    Israel's subsequent military assault on Gaza has killed more than 47,000 people, according to the Gaza health ministry, and led to accusations of genocide and war crimes that Israel denies. It also displaced nearly all of Gaza's population and caused a hunger crisis.

    (This story has been corrected to remove an extraneous article in paragraph 5)

    (Reporting by Steve Holland, Kanishka Singh, Raphael Satter and Nandita Bose; Editing by Paul Simao and Christian Schmollinger)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe