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The war between Israel and Hamas is costing the country's economy $260 million per day, leading to a strain on public finances. However, it is the controversial payouts to ultra-orthodox schools and other right-wing causes that have sparked a national debate. These handouts, known as "coalition funds," are part of Israel's expenditure program and have been criticized for suppressing economic growth. Despite Israeli assets recovering from the war, there is still an aura of risk surrounding the government's debt. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/mSbVJtP

President Joe Biden and China's Xi Jinping have a range of issues to discuss in their upcoming meeting, including export controls, tensions over Taiwan, and conflicts in the Middle East and Europe. Biden wants to manage economic competition with China and prevent misunderstandings that could lead to conflict. He also aims to reopen military communications and ensure the status quo in Taiwan. Additionally, Biden wants China to use its influence with Iran to prevent escalation of the Israel-Hamas war, and he will make it clear that Chinese interference in the US election will not be tolerated. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/woTx31N