Israeli Prime Minister Benjamin Netanyahu has backed down from his planned overhaul of the country’s judiciary after strikes halted key transport routes including Ben Gurion airport. However, the planned reforms may still be enacted when parliament returns in May, despite the present crisis being described as the worst in Israel’s 75-year history. President Isaac Herzog has suggested politicians need to work together. Meanwhile, analysts are watching the US Senate Banking Committee’s hearings for criticism of officials about Silicon Valley Bank’s alleged “too big, too fast growth”. Clothing brand Lululemon’s earnings figures are also being anticipated and the Conference Board is due to release March figures for consumer confidence.
Netanyahu capitulates to Israel protests, backs off judicial overhaul
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