British Prime Minister Keir Starmer announced that the United Kingdom will recognize a Palestinian state in September unless the Israeli government agrees to take steps to bring peace and stability in Gaza.
This includes substantive steps to end the appalling situation in Gaza, agree to a ceasefire and commit to a long-term, sustainable peace, reviving the prospect of a Two State Solution.
He also demanded that Israel allow the UN to restart the supply of aid in Gaza, and make it clear there will be no annexations in the West Bank.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.