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The UK has suspended trade talks with Israel, in protest at what David Lammy called the “intolerable” conditions in Gaza, which he said would leave the population at risk of starvation.

This is, the foreign office confirms, a UK first, in suspending trade talks for a political or humanitarian reason. The Israeli ambassador in London, Tzipi Hotovely, will be summoned to the Foreign Office to deliver the message.

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This suspension, with immediate effect, is a political signal that the Israeli leadership is increasingly isolated even among its allies; and intended to ratchet up the pressure to let aid in.

It comes with a step change in the UK’s language on the humanitarian situation.

Keir Starmer on Monday night, in his joint statement with French President Emmanuel Macron and Canadian Prime Minister Mark Carney, said there would be “concrete steps” if food and medicine continued to be held up at borders; and this is one of the levers available.

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Doctors in Gaza plead for help

David Lammy, announcing the move and targeted sanctions against West Bank settlers linked to violence, called it a “dark phase” in the conflict and said: “[Benjamin] Netanyahu’s actions have made this necessary.”

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Trade talks were launched under Rishi Sunak’s government, and a 2030 Roadmap was agreed for boosting trade.

Gaza live: UK halts trade talks with Israel

But although the Labour government committed to continuing with it, the last round of talks was held more than a year ago.

Israel has, the UN say, not allowed trucks in for 11 weeks, after saying Hamas steal the aid intended for civilians. Some trucks entered on Tuesday, but aid agencies say it is nowhere near enough.

With the collapse of the latest talks between the two sides in Qatar last week, the ceasefire the UK is calling for looks far off.

Using economic measures to force the aid issue is likely to be a signal to other allies, including the European Union, to take similar steps.

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Bitcoin briefly erases 2025 gains as crypto bleeds over weekend

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Bitcoin briefly erases 2025 gains as crypto bleeds over weekend

Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets.

Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507.

It has since rebounded to around $94,209, CoinGecko data shows.

Investments, US Government, Donald Trump, Bitcoin ETF
Bitcoin’s price information, including the change in price since Jan. 1, 2025. Source: CoinGecko

This year was tipped to be a strong one for the crypto markets after US President Donald Trump was inaugurated on Jan. 20 and formed the most pro-crypto administration to date, which has followed through on most of his promises.

Regulatory momentum under the Trump administration has been accompanied by an explosion in corporate Bitcoin treasury adoption and more inflows into the spot Bitcoin exchange-traded funds.