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Business
Mobileye to cut 130 jobs in division closure
The aftermarket solutions division offering retrofitted advanced driver assistance technology sees a significant drop in revenues, falling to approximately $40 million annually
Meir Orbach
|
23:49 | 03.18.24
Purim in the shadow of war: some vendors pass up selling cap guns, firecrackers
Many large toy stores and chains took firecrackers off the shelves this year; but many are still selling cap guns, which may cause anxiety attacks and panic in the shadow of the October 7 trauma
Iris Lifshitz Klieger
|
11:35 | 03.18.24
Special labels will mark fruits and vegetables from regions affected by Gaza war
'Grown in Gaza border region and Western Negev' labels will appear on produce in bid to support southern Israel farmers afflicted by war
Navit Zomer
|
09:38 | 03.18.24
US cyber giant Zscaler acquires Israeli startup Avalor for $350 million
The Israeli startup, which raised $25 million in Series A funding last April, will operate as an independent unit within Zscaler and continue the development of its data solutions to enhance Zscaler's cloud security platform
Meir Orbach
|
18:16 | 03.15.24
2023 was most profitable year for weapons sales
Israel Aerospace Industries sees best year in arms sales amid war in Ukraine and in Gaza with profit up 49%; Subsidiary producing Iron Dome and David Sling's radars also sees arms sales soar
Navit Zomer
|
17:02 | 03.14.24
New apartment sales rally 44% in January after war slump
Central Bureau of Statistics data indicates revival in Israeli real estate market at start of 2024 after year of stagnation; January sees 7,887 apartment sales, up 18% from previous year, including 3,750 new units
Hila Tsion
|
15:53 | 03.14.24
Danish pharma giant zooms past Tesla with new weight loss drug
Novo Nordisk market value soars past automaker's on news of successful clinical trials; meanwhile, its Wegovy weight loss injection gaining popularity, with doctors poised to prescribe it before pill's widely available
Dr. Lior Neuman
|
22:46 | 03.11.24
Reverse shift: BMW offers new gasoline model
Auto manufacturer moves to offer its previously electric exclusive Series 5 in a new gasoline model in bid to attract traditional customers
Nir Ben Zaken
|
09:23 | 03.07.24
Nvidia becomes the 'Taylor Swift of investors', Israelis profit too
Chip manufacturer showcases phenomenal results, adding an unprecedented $277 billion to its market value in a single day and propelling Wall Street to new heights; after acquiring Israeli Mellanox local staff profits from stock options
Yarden Rozanski
|
20:04 | 02.28.24
Israelis line up at shopping malls more than ballot boxes
While voter turnout appears to be low, credit card expenditures totaled over 928 million shekels, a significant increase of 13% compared to the total expenditures on the last Election Day in 2022
Meirav Crystal
|
20:49 | 02.27.24
Israelis line up for Shake Shack launch in Tel Aviv
The American fast food eatery makes first foray into the Israeli market with hopes of opening 15 additional branches country-wide in the next decade, but how's the menu?
Meirav Crystal
|
16:29 | 02.27.24
$35 billion lifeline: can the UAE rescue Egypt from economic quagmire?
Gulf state to allocate funds for construction of financial hub on Mediterranean, believed to be a major turning point for Egypt’s struggling economy, though some analysts remain skeptical
Doron Peskin
|
13:55 | 02.26.24
Upstart Chinese electric car company IM arrives in Israel
Preparing to compete with other electrical auto manufacturers including Tesla, Intelligence in Motion will feature several new models to the Israeli market in 2025
Yoel Schwartz
|
22:45 | 02.23.24
How Houthi Red Sea attacks affect Israeli ports
Continuous attacks by Iran-aligned Yemeni rebels sever vital arteries of global economy, compelling maritime transport companies to divert routes away from Bab al-Mandab, tripling travel time to Israeli ports
I24NEWS
|
12:53 | 02.23.24
Team 3 Group wins bid to connect Israel's north with groundbreaking light rail project
Conglomerate secures tender for Haifa-Nof HaGalil-Nazareth line; Transportation Minister Regev hails pick expression of confidence in the resilience, stability and future of the Israeli economy
Ynetnews
|
18:24 | 02.22.24
Establishing factory in Israel 'isn't profitable,' says Tower CEO
Israeli computer chip manufacturer closes down one of its two factories in Israel while looking for brighter horizons in India, which offers tempting incentives
Sophie Shulman/CTech
|
09:00 | 02.16.24
Israeli national extradited to US in $148 million binary options fraud scheme
Oron Montgomery and associates allegedly operated deceptive trading platforms targeting US investors with false promises of high profits
Daniel Edelson, New York
|
11:17 | 02.15.24
Israeli officials optimistic inflation to cool down ahead of CPI print
Moderate change to Consumer Price Index would would bring Israel's annual inflation rate below 3% target, allowing Bank of Israel to potentially cut interest rates
Sharon Kidon, Nir (Shoko) Cohen
|
07:58 | 02.15.24
Moody's downgrades ratings of Israel's five largest banks
Following downgrade of Israel's credit rating, firm also lowers ratings of 5 major Israeli banks to A3, citing concerns about government's ability to support financial institutions
Gad Lior
|
13:20 | 02.14.24
Flight fiasco: who's eligible for compensation after Ryanair grounds Israel routes?
Irish low-cost airline informs customers will halt operations in Israel and refund flights booked in advance
Ehud Fai
|
12:17 | 02.14.24
Super Bowl ads: hostages, antisemitism and more celebrities than ever
Ads calling for release of abducted fathers, deluge of Temu ads and handful of standouts in sea of mediocrity, with star-studded bill featuring Messi, Beyoncé, J.Lo, Arnold Schwarzenegger and many others
Meirav Crystal
|
23:29 | 02.12.24
New MINI Cooper model will please both electric and gasoline enthusiasts
After unveiling the new electric Cooper model back in 2023, company introduces gasoline model featuring improved performance and modern technologies
Noam Rhein
|
00:05 | 02.09.24
Israeli venture capital executive charged with sexual offenses
Eli Nir accused of sexual offenses involving three women he met through the Tinder app; Nir is a former partner at the investment platform OurCrowd, which is considered one of the most active funds in Israel with investments totaling around $2.2 billion
Gilad Morag
|
13:01 | 02.07.24
Gill Shwed to step down as Checkpoint CEO
After 30 years as CEO since founding the cybersecurity firm Shwed says plans to be active chairman and concentrate on the future of the company and less on day-to-day
Navit Zome
|
21:27 | 02.06.24
Australia nixes plan to send livestock to Israel amid Houthi threat
The MV Bahijah set out for Israel with 14,000 sheep and 1,500 cattle and a new route around Africa, but returns to Australia due to Houthi threat on Red Sea
Reuters
|
23:55 | 02.05.24
Ezra Gardner and Varana Capital are on a mission to save Israeli tech ecosystem
In a special committee discussion, director of an American foundation investing in Israel clarified: 'What's happening here is a crash, it's slow, so no one is taking any action, but every passing day, companies are burning more money, and eventually, in 6-12 months, an entire cycle of innovation will collapse
Gad Lior
|
18:10 | 01.30.24
Domino's Pizza takes hit in Muslim countries over anti-US sentiment, gets reimbursed
American fast-food chain sales drop by 8.9% in the second half of 2023, and management blames the decline on the war in Gaza
Daniel Edelson, New York
|
21:06 | 01.28.24
Jewish American billionaire Bill Ackman buys 5% stake in Tel Aviv Stock Exchange
Hedge fund billionaire makes first investment in Israel as bourse announces secondary offering of shares; 'transaction drew robust interest from investors, reflecting strong vote of confidence in both TASE and Israeli economy at large'
Navit Zomer
|
12:12 | 01.24.24
Jews have stopped shopping at Arab businesses since October 7
Javad Ibrahim has let go half the staff of his restaurant in Abu Gosh, but he still can't cover expenses; Taxi driver Ahmed Abu-Moh was forced to stop driving a family who 'want a Jewish driver'; The upheaval of October 7 has had a dramatic effect on relations between Jews and Arabs in Israel
Hassan Shaalan
|
13:44 | 01.21.24
Is Bamba relocating? Osem, Israel's 3rd largest food producer may be leaving the country
Swiss owner, Nesle food conglomerate completing purchase of company's intellectual property including patents, recipes, brand names and could end local production at risk to Israel's food security
Tamar Ganon, Nurit Kadosh
|
11:28 | 01.18.24
These are the surprising victims of Houthi threats: Tesla, Volvo and Suzuki
The manufacturing plants will be shut down for limited periods of time due to a delay in the supply of parts as a result of the Houthis' threats to ships
Noam Rhein
|
00:32 | 01.17.24
China halts shipments to Israel, hurting its own port
Chinese-operated Haifa Port took over 88% of Israel's maritime transshipment market; China-owned shipping giant COSCO ceases Israeli operations, significantly affecting port's activities
Yuval Azulay, Calcalist
|
23:17 | 01.15.24
Automotive ghosts: these discontinued cars are mysteriously sold as new
Cars that have been out of production for years, including classics like the Dodge Viper and Alfa Romeo 4C, are still available for purchase straight from the factory
Yoel Schwartz
|
22:40 | 01.11.24
Israeli metal exporter boycotts Turkey following Erdogan's anti-Israel comments
Itzik Isteric, CEO of Arbel Metals, halts 20+ years of trade with Turkey after Erdogan accused Israel of 'terrorism and murder', ceasing annual exports of thousands of tons of scrap metal
Yuval Azulay
|
13:01 | 01.08.24
Employee power: a crucial marketing asset in challenging times
Opinion: During crises and downturns, employees are crucial for marketing, building brand loyalty and forming robust networks, yielding long-term benefits through dedication and investment
Sharon Israel
|
23:59 | 01.07.24
Chinese shipping giant Cosco says is avoiding Israeli ports to avoid Houthi attacks
Largest Asian shipper tells clients it would no longer sail to Israel although its vessels have not been targeted by the Iran-backed group; Israeli partner Zim says was blindsided by decision
Itamar Eichner
|
18:47 | 01.07.24
China could one day shut down Israeli infrastructure, cyber expert warns
Dr. Harel Menashri, a former member of Shin Bet warns Israel fails to address risks although China appears to shift interests amid growing ties with Iran; warns even Chinese made cars, used by security agencies could pose danger to security
Sophie Shulman, Calcalist
|
17:56 | 01.04.24
Ben & Jerry's Israel CEO plans new production site after parting with Uniliver
Avi Zinger says given green light to produce, market locally under brand name after Uniliver board yields to BDS demands to stop selling ice cream in West Bank
Navit Zomer
|
09:14 | 12.31.23
Roman Abramovich sues Israeli bank over blocked donation
Israeli-Russian businessman's account blocked under EU, UK sanctions, says unable to donate 8 million to ZAKA for its work during the war and in anticipation of more needs to come
Itamar Eichner
|
11:15 | 12.28.23
Israel advances domestic munitions production to minimize foreign aid reliance
Defense Ministry aims to boost Israeli self-sufficiency by reducing Air Force's dependence on foreign supplies, driven by concerns over global shortages due to Ukraine war and efforts to bypass strings attached to arms sales
Navit Zomer
|
14:01 | 12.20.23
Starbucks says protestors against coffee chain 'influenced by misrepresentation'
CEO Laxman Narasimhan says in letter to staff company works with law enforcement to ensure employee safety after stores attacked and vandalized
Reuters
|
10:30 | 12.20.23
Threatening the oil market was a step too far by the Houthis
Analysis: Continued Houthi attacks on ships in the Red Sea and the rerouting of more shipping companies are poised to drive up oil shipping prices; Countries like China and India, sensitive to high oil prices, are likely to intervene to restore calm
Doron Paskin
|
00:07 | 12.20.23
Delegation of US investors arrives in Israel to explore high-tech options
Investors to meet with President Herzog, Minister Gantz and Economy Minister Barkat, will visit southern communities impacted by Oct. 7 terrorist attack
Daniel Edelson, New York
|
00:34 | 12.18.23
Strategic philanthropy made simple
As the tax year closes, Israel's charitable spirit thrives with thousands aiding those affected by the war; JGive's platform enables donors to align tax planning with long-term philanthropy, offering flexible management of charitable contributions
In cooperation with JGive
|
09:47 | 12.15.23
Wall Street's billionaire club unites against antisemitism: will not hire hate supporters
The most prominent names in the financial world signed a joint statement expressing support for Israel, warning: 'Supporters of hate will have no place in our organizations or our community'
Sophie Shulman, Calcalist
|
19:48 | 12.06.23
Bank freezes NGO's account after accusing Israel of war crimes in Gaza
Bank Lemui says can't verify or monitor all money transfers to Gaza, nor their intended use, thus, lender decides not to handle funds for Gisha NGO following anti-Israel remarks
Tomer Ganon
|
19:57 | 12.03.23
Government approves revised 2023 budget with contentious coalition funds in place
Gantz storms out of Cabinet meeting, accuses Netanyahu of breaking promises to reduce discretionary spending instead of addressing war necessities; Smotrich downplays disagreements as mere nuances, urging for united front
Itamar Eichner
|
10:43 | 11.28.23
US cowboys arrive in Israel to aid farmers
'I'm a Christian, so I believe the Bible is true, and from what I can see the Jewish people have a right to live here, and so I'm going to do anything I can to support them in that'
Alexandra Lukash
|
12:36 | 11.25.23
Family affairs: Millionaire Benny Shabtai accused of sexual harassment by step daughter
Israeli-American millionaire, owner of the 'Serafina' restaurant chain, accused of insisting step daughter and another Miami branch employee 'dress sexy', further alleging ties with the late Jeffrey Epstein; Shabtai dismisses lawsuit as divorce-related payback
Daniel Edelson, New York
|
21:49 | 11.23.23
Over 250 US senior financial managers pledge: 'We will not hire pro-Palestinian protesters'
Managers at JP Morgan and Bank of America, as well as billionaire hedge fund manager Bill Ackman, signed a statement pledging not to hire students who participate in demonstrations against Israel: 'We support Israel's right to defend itself against Hamas. Supporters of hate will have no place in our organization'
Daniel Edelson, New York
|
02:18 | 11.22.23
Arms industry sees boom in war
The escalating needs of the military are further amplified by 190,000 new applications for weapons licenses, with tens of thousands of rifles and pistols already distributed to civilians
Yuval Azulay
|
18:06 | 11.16.23
Amazon is bringing back free shipping to Israel
Free shipping on purchases over $49 is gradually returning on Amazon and some competing sites have returned to shipping almost as usual to Israel
Meirav Crystal
|
11:57 | 11.16.23
1,600 Jewish Harvard alumni withhold donations over inaction on antisemitism
Prominent alumni, joined by Jewish graduates, freeze contributions to university in response to handling of attacks by pro-Palestinian student groups, demanding immediate action against campus antisemitism
Ynetnews
|
22:12 | 11.12.23
Israel's war with Hamas to cost over $50 billion, Finance Ministry says
In initial estimate, treasury assumes conflict will not last over a year, highlights difficulty in securing required funds, emphasizing challenges of raising capital both domestically and internationally under current strenuous conditions
Adrian Filut
|
18:27 | 11.05.23
List of companies that condemned Hamas' terror attack on Israel
The list which prepared by Yale Professer Jeffrey Sonnenfeld includes over 180 companies that condemned the Hamas terror attack, denounced growing antisemitism or expressed support for Israel
Dennis Bihler
|
09:43 | 11.02.23
Fear that Erdogan's remarks will harm trade relations with Israel
Despite the political crises, trade relations between Israel and Turkey flourished and even reached their peak in 2022, but companies operating in Turkey acknowledge that this war is more intense and fear that 'there will be consequences for embracing imports' this time around
Yuval Azulay, Calcalist
|
02:46 | 11.01.23
Israel's tourism industry in crisis due to war
Number of passengers at Ben Gurion Airport reaches low point as industry leaders say government should take action before tourism sector collapses
Iris Lifshitz Klieger
|
21:33 | 10.26.23
Despite war, Israeli economy holds its ground
While war anticipated to knock down 1% of economic growth compared to earlier forecasts, amounting to billions in losses, Bank of Israel remains cautiously optimistic about resilience of Israeli economy
Sever Plocker
|
18:01 | 10.24.23
Survey finds 70% of Israeli high-tech sector having difficulties amid war
Companies cite recruitment of key figures for reserve duty and difficulties working due to mental stress to be main factors in many projects that have been postponed or canceled
Sophie Shulman/CTech
|
09:40 | 10.24.23
US banks, tech firms offer support for Israel victims, announce aid
Executives, employees donate funds, companies say would match sum, to assist in war effort, rehabilitation of traumatized civilians
Reuters
|
07:58 | 10.14.23
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