Business
Chinese President Xxi Jinping meeting with Iranian Supreme Leader Ayatollah Ali Khamenei
Israel poised to attack Iran's oil fields, a move that will hurt China
Iran's oil minister Mohsen Paknejad visited country's key facilities amid regional tensions, raising global concerns about energy disruptions if Israel strikes Iran; Such an attack would not favor China, which heavily relies on discounted Iranian oil exports
Doron Peskin, Calcalist | 17:04 | 10.08.24
יקי רייסנר
Haredi developer Yaki Reisner eyes $400 Million IPO for real estate firm
Entrepreneur considers potential offering on Reisdor Initiatives, potentially this year's biggest on Tel Aviv Stock Exchange; company manages 1.73 million square feet of office space and is developing 12,500 apartments across Israel
Golan Hazani | 07:35 | 10.08.24
קיבוץ בארי ביום הזיכרון לטבח ה-7.10
A year later, social media keeps the memory of October 7 victims alive
In today's digital age, many turn to videos and posts to express grief and remembrance; as we mark one year since Israel's worst massacre, Israelis remind the world we are still living that day, with hostages yet to return and their mourning far from over
Daniela Ginzburg | 15:35 | 10.07.24
Plans to open Dutch SPAR stores in Israel hit snag
Local franchise owner, businessman Amit Zeev, parts ways with Yitzhak Mirilashvili who owned 19% of the business; says is now looking for new investors  
Navit Zomer | 18:09 | 10.06.24
אמזון
After Amazon's return to office, will the Israeli hi-tech follow suit?
Since COVID, employees became accustomed to working from home but Amazon's announcement concerning their return to the office foreshadows a general return to office
Maayan Manela | 00:14 | 10.05.24
מוניב אלמסרי
War devastates Palestinian economy, elite remain unscathed
Grim forecasts predict a bleak future for the Palestinian Authority, which has lost hundreds of thousands of jobs and tourism revenue within just months; Meanwhile, across the West Bank and the Middle East, Palestinian tycoons are deeply involved in politics, flaunting their philanthropy while living the high life of the top 0.1%
Einav Halabi | 18:59 | 10.03.24
הראל ויזל, PRET
Pret A Manger agrees to pay millions in compensation after dropping Israel franchise deal
£3 million payout determined as part of settlement agreement between parties; pressure from pro-Palestinian groups believed to be primary reason for café chain's withdrawal
Navit Zomer | 14:03 | 10.02.24
ישיבת ממשלה
S&P slashes Israel’s credit rating, citing wscalating regional tensions
Days after Moody’s downgraded Israel’s credit rating, S&P follows with immediate and earlier-than-expected downgrade, adding negative outlook; citing escalating conflict with Hezbollah, S&P projects zero growth for 2024 and 9% deficit
Gad Lior | 01:16 | 10.02.24
הבורסה לניירות ערך בתל אביב
Tel Aviv Stock Exchange conundrum: Why are foreign investors buying while Israelis are fleeing?
At the beginning of the year, foreign investors sold shares amounting to about 6.6 billion shekels, while in the last quarter they purchased 3 billion shekels, while at the same time Israelis sold shares worth 8.8 billion shekels.  
Navit Zomer | 10:47 | 10.01.24
ראש הממשלה, שר האוצר ומשרדי סוכנות הדירוג מודי'ס
Moody’s downgrades Israel’s credit rating by 2 levels amid economic concerns over war costs
Israel’s credit rating down from A2 to Baa1, agency cites government’s ineffective handling of war expenses; report warns deficit for 2024 and 2025 will significantly surpass set targets
Gad Lior | 00:45 | 09.28.24
קציר חיטה
Israel seeks to increase wheat production, reduce dependency on imports
The Agriculture and Food Security Ministry will invest 500 million shekels in a plan aimed to increase local wheat production from just 10% to 30%
Navit Zomer | 09:53 | 09.26.24
עגבניות בסופר
Jordan refuses to supply Israel with tomatoes
Global shortages and increased demand keep prices high; Jordan miffed after Israel warns in spring that its produce could be contaminated with cholera
Navit Zomer | 05:28 | 09.24.24
Europe sees a sharp 18% decline in deliveries
Europe sees care sales drop, manufacturers seek assistance
Vehicle sales across Europe plummeted by 18%, with the electric vehicle segment seeing an even steeper drop of 44% compared to August 2023; The European Automobile Manufacturers Association is now urgently calling for a relaxation of emissions targets
Noam Rayen | 23:04 | 09.22.24
Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote
As part of fight against black market money, officials considering eliminating highest denomination of Israeli currency soon and gradually phasing out cash entirely; plan includes voluntary disclosure campaign and lowering transaction approval threshold
Gad Lior | 11:34 | 09.20.24
כיתה באוניברסיטה הסינית בישראל
China’s first university in Israel shuts down and pulls out
Beijing-based UIBE University opened branch in Petah Tikva in 2021; once seen as model of innovation by Chinese, Israel faces tougher stance from Beijing amid Gaza war; 'We had great momentum; it's a real shame'
Navit Zomer | 09:48 | 09.18.24
ההרס בקיבוץ חולית לאחר ה-7 באוקטובר
US families sue Syria over October 7 trauma
Families with dual US-Israeli citizenship impacted by Hamas attack suing Syria for $500 million, alleging Syrian support for Hamas facilitated attack and seeking justice for physical and emotional harm
Itamar Eichner | 15:34 | 09.17.24
Volkswagen Tiguan
Volkswagen Tiguan: Premium features at a premium price
Despite its advanced features and refined design, the third-generation Tiguan faces tough competition with its steep price tag and familiar performance
Noam Rayen | 11:39 | 09.17.24
"דזרט גרדן" מרשת "סלינה"
Resort venture Selina Israel reaches end of the road
Selina Israel's closure comes after ownership changes hands to a Singaporean chain; facilities were handed back to local owners putting the jobs of 300 employees in jeopardy 
Navit Zomer | 19:10 | 09.15.24
מטה אינטל בקליפורניה
Intel set to receive $3.5b in grants to produce chips for US military
Technology giant is frontrunner for a new US initiative seeking to develop local technologies for US Defense Department while reducing reliance on foreign producers
Calcalist | 14:23 | 09.15.24
איתי צציק
Treasure hunters scour Israeli beaches for lost valuables, turning hobby into growing trend
They scour beaches, parks and the Diamond Exchange for lost valuables; online groups share finds like discarded guns and efforts with Lahav 433 to locate items from missing at Nova festival; this hobby offers both escape and profit
Iris Lifshitz Klieger | 20:30 | 09.13.24
ועידת נשים בהייטק (אילוסטרציה)
Half of Israel's high-tech companies report canceled investments since start of war
Report by Start-Up Nation Central reveals that some 70% of companies are concerned about their ability to raise capital in the coming year, nearly half of the northern-based firms are considering relocating abroad, and most companies and investors lack confidence in the current government's ability to lead the industry’s recovery efforts    
Yisrael Wolman | 11:09 | 09.12.24
OYSHO
Sports wear brand OYSHO heading to Israel
Zara's Israeli franchisee moves to import Spanish clothing brand and is looking to open up to 12 new locations throughout the country in 2025
Orna Yefet/Calcalist | 18:51 | 09.10.24
הבורסה ליהלומים רמת גן
Israel's commercial real estate faces unprecedented vacancy rates
Office market, usually anchored by long-term leases and large tenants, disrupted by political unrest and war, with uncertainty making tenants reluctant to commit, leaving sections of office towers vacant, even in high-demand areas
Dotan Levy, Calcalist | 12:03 | 09.10.24
הדבקת ותיקון שטרות כסף בעזה
Banknote cleaning becomes lifeline in Gaza as currency shortage deepens
Amid currency shortage due to war-related bank closures in Gaza, residents resort to new trade—cleaning worn-out banknotes; vendors charge small fees to wash and repair bills, helping maintain circulation as fresh currency remains scarce
Einav Halabi | 18:44 | 09.07.24
מפעל מכוניות ב סין
China overloads world with discount steel, triggering global fallout
China’s ongoing real estate crisis threatens world’s largest steel industry; solution: ramp up production to protect Chinese factories and local jobs, flooding global markets with steel at the expense of international producers
Vicky Auslander, Calcalist | 17:40 | 09.07.24
שבץ מוחי אירוע מוחי סטרוק
National Insurance recognizes stroke as work-related incident
A high-tech professional endured a stroke following a long business trip; The National Insurance Institute identified incident as work-related, enabling the pursuit of disability benefits for rehabilitation 
Lital Dobrovitzky | 14:12 | 09.07.24
Customers at the Tel Aviv AM:PM store operating the register
AM:PM cashier abandoned the store - customers operated the branch themselves
The store manager reviewed the security footage expecting to see chaos with tens of thousands of shekels in products scattered throughout the store, but just a few minutes after the cashier left, the customers began to scan the products themselves, help one another and even gave each other the correct change from the register
Meirav Crystal | 23:33 | 09.06.24
Renault R17
Classic look, modern propulsion: Renault R17 resurrected
The French automaker continues its revival of iconic names, and after bringing the 4 and 5 models back to life, it's now the R17's turn to make a comeback
Nir Ben Zaken | 16:39 | 09.06.24
דאיון Y7
The new Chinese car brands head to Israel
Ineos off-road vehicles to be on Israeli market after importer receives official import license; Also arriving in Israel is the Chinese brand ReHigh, which the manufacturer describes as electric luxury vehicles   
Tomer Hadar | 23:39 | 09.05.24
Soft drinks on display at a shopping mall in Karachi, Pakistan
Coke, Pepsi boycott over Gaza lifts Muslim countries' local soft drinks
In Egypt, sales of Coke plummet this year, while local brand V7 exports three times as many bottles of its own cola in the Middle East and the wider region than previous year
Reuters | 14:33 | 09.04.24
Yesenia Salas stands as hotel workers picket outside the Grand Hyatt hotel Monday
Over 10,000 hotel workers strike across the US
Hyatt and Hilton have expressed disappointment over the strikes and have contingency plans in place
Ynetnews | 03:17 | 09.04.24
Audi Q5
Audi unveils new third-generation Q5 SUV
Audi reveals a new generation of its popular and best-selling SUV, built on a modern platform and featuring both gasoline and diesel engines
Nir Ben Zaken | 23:52 | 09.03.24
Job interviews are never easy for anyone
Equal rights for all: Tips for disabled people in job interviews
Job hunting is never easy, but it is even harder for people living with disabilities, especially in awkward interviews after the candidate reveals his disability; here's a guide to passing your next job interview
Dani Garmise | 10:30 | 09.03.24
טוויטר ו-X
X goes down in Brazil, following court order
Brazil is a significant market for X, with tens of millions of users. The shutdown led to difficulties using other social media platforms and a surge in sign-ups for alternative platforms like Bluesky
Ynetnews | 04:52 | 09.03.24
רכב חשמלי של BYD בתערוכה ב שנז'ן
China's automotive market woes spell disaster for Mobileye
Slowdown and increased tariffs for Chinese car manufacturers impact the Israeli tech company directly, leading to massive losses in stock prices and valuation
Sophie Shulman/Calcalist | 12:34 | 09.01.24
וורן באפט
Warren Buffett's Berkshire Hathaway becomes first non-tech US company to reach $1 trillion market cap
Stock gained around 30-35% in 2023, outperforming S&P 500 to reach new record highs
Ynetnews | 15:55 | 08.29.24
Israeli AI is falling behind
How to harness AI to land your ideal job via LinkedIn
Crafting a robust professional network through LinkedIn or in-person interactions to discover job opportunities is all the rage; myriad AI tools for networking can enhance your visibility by staying active and involved
Maayan Manela, Calcalist | 11:39 | 08.29.24
כיפת ברזל
Rafael soars to record highs as first-half sales skyrocket amid war
As Gaza war rages and global demand for defense systems grows, defense firm reports NIS 3.9 billion in second-quarter sales, up 25% from last year; about 50% of sales were to IDF; Rafael’s order backlog hits record NIS 59 billion
Navit Zomer | 14:09 | 08.28.24
בייב רות' במדי הרד סוקס והיאנקיז
Babe Ruth's 'called shot' jersey sells for record-breaking $24.1 million at auction
A six-hour bidding war led to the sale of the Ruth jersey at 5:30 a.m. Eastern time, with Heritage Auctions director Chris Ivy comparing it to the Mona Lisa
Ynetnews | 02:55 | 08.28.24
האמר חשמלי . משקל הסוללה גדול יותר ממשקלה של מאזדה 2
Rich man's toy hits a snag as electric Hummer falters in Israeli heat
Electric Hummer's massive battery, weighing 1,270 kilograms, has experienced numerous issues, leading to replacement of batteries in more than 20% of vehicles that have arrived in Israel so far
Tomer Hadar | 20:01 | 08.27.24
שיין
Shein sues Temu over copyright infringement in heated e-commerce feud
Both Shein and Temu have faced accusations of copying designs from fashion brands and artists
Ynetnews | 06:02 | 08.24.24
yk14041810
Elon Musk unveils controversial AI tool amid growing concerns
Chaotic tech mogul introduces new version of Grok, capable of generating violent, racist and copyrighted scenes, such as Bill Gates snorting cocaine or school shooter Mickey Mouse
Israel Wullman | 18:48 | 08.23.24
Jools Lebron
Why is everybody so 'demure' all of a sudden? Explaining the TikTok trend
Social media influencer Jools Lebron's promotion of a modest, mindful aesthetic has gained massive traction, shaping current fashion and pop culture trends
Ynetnews | 02:11 | 08.22.24
Johnson & Johnson
Johnson & Johnson to acquire Israeli medtech firm V-Wave
V-Wave’s device, implanted in the heart through a minimally invasive procedure, aims to reduce heart failure and related complications
Meir Orbach | 00:16 | 08.21.24
Edgar Bronfman Jr.
Edgar Bronfman Jr. submits $4.3 billion rival bid for Paramount Global, challenging Skydance offer
Paramount Global's board approves Skydance Media merger offer, which includes 45-day 'go-shop period' for Paramount to consider other offers before August 21
Ynetnews | 21:32 | 08.20.24
מתוך "אינדיאנה ג'ונס ומסע הצלב האחרון"
Iconic Indiana Jones fedora fetches record $630,000 at auction
The brown felt fedora was worn by Harrison Ford's stunt double Dean Ferrandini in 'Indiana Jones and the Temple of Doom' (1984)
Ynetnews | 02:56 | 08.20.24
ישיבת ממשלה
Netanyahu, Smotrich backdown from embargo of Turkish import to PA
Senior finance officials claim the proposed move was utter folly and would harm the Israeli economy far more than Turkey's; PM and Finance Minister cave under pressure from business community 
Gad Lior | 10:35 | 08.19.24
בני לנדא
Israeli synthetic diamond company faces insolvency
Benny Landa's Lusix, a lab-grown diamond manufacturer, notifies creditors of plans to file for insolvency after an unsuccessful attempt to secure a $15 million cash injection from shareholders       
Golan Hazani | 07:24 | 08.19.24
ארסוף. בתים בקו ראשון לים.
'There is no be beach like this': A glimpse into one of the most lavish communities in Israel
Perched on a limestone cliff overlooking the Mediterranean Sea lies Arsuf, now home to some of Israel's wealthiest residents; With only a few dozen inhabitants, a rare gem where the price of a single plot can reach up to 20 million shekels
Assaf Kamar | 07:16 | 08.19.24
New Mazda 6
New Mazda 6 EV heading to Israel
One of the most beloved and veteran vehicles in the Israeli market is set to receive an electric makeover in a joined effort between Japanese, Chinese auto manufacturers 
Nir Ben Zaken | 08:06 | 08.16.24
מטוס אל על
El Al sees profit spike as airlines skip Israel
Profits of the Israeli airline jumped 2.5 times compared to the corresponding quarter last year, due to high ticket prices and peak occupancy amid the war; El Al also signed a deal to purchase 31 Boeing Max 737 aircraft at a cost of $2.5 billion  
Navit Zomer | 16:48 | 08.15.24
בועז לוי, בני גנץ ועמיר פרץ
Israel Aerospace Industries profits soar as Gaza war drags on
Israel Aerospace Industries notches new profit record with 2Q profits of $159 million and has a backlog of orders as wars on the border and around the world continue; revenues amounted to $1.4 billion and the missile division, which produces the Arrow system, led sales with $614 million
Navit Zomer | 09:51 | 08.15.24
סטארבקס
Starbucks taps Chipotle CEO to help company out of identity crisis
The announcement led to a significant rise in Starbucks' stock price, while Chipotle's stock fell, reflecting investor optimism about Niccol's ability to lead a turnaround
Ynetnews | 03:29 | 08.15.24
ישיבת ממשלה
What does Fitch's decision to downgrade Israel's credit rating mean for its economy
International rating agency has become the third to downgrade Israel’s credit rating, citing concerns over controversial financial policies and ongoing regional tensions
Gad Lior | 14:34 | 08.14.24
יונדאי i20N פולקסווגן פולו GTI
Off the lot: The cars that have disappeared from the Israeli market
Amid war, import bans or end-of-life calls by manufacturers, these are the vehicles Israelis won't be able to acquire domestically
Noam Rhein | 14:20 | 08.14.24
שקל דולר ואירו
Shekel powers up against dollar and euro as Tel Aviv stocks rally
Greenback drops 1.3% to around 3.71 shekels while euro declines to 4.08 shekels; Tel Aviv Stock Exchange opens on a positive note with gains across the board
Ynet | 11:22 | 08.14.24
Car prices in Israel to climb starting in January
At the start of 2025 tax benefits on vehicle purchase tax will be reduced for certain models, the purchase tax on electric vehicles will skyrocket, and storing vehicles in Europe will incur additional costs
Tomer Hadar | 12:53 | 08.13.24
עגבניות בסופר
Israel in midst of tomato shortage
Turkey stopped sending tomatoes and there are none from Jordan over fear of cholera, leading to a shortfall of 40%; Now Israel is looking to the Netherlands and Cyprus to fill store bins; Some of the shortfall is being made up with tomatoes intended for industry
Navit Zomer | 09:39 | 08.13.24
נחיתה של הרון בנתב"ג
China tests heavy duty cargo drone
China's leading drone manufacturers, including Aviation Industry Corp of China (AVIC) and DJI, are testing larger payloads and advanced drones to build a low-altitude economy
Ynetnews | 01:39 | 08.13.24
רחוב בטהרן
World Bank warns Iran attacking Israel will destroy economy
Tehran is told that even a brief war would come at a steep cost for Iranian citizens, plummeting living standards, stopping investments, increase inflation and slash oil exports by two-thirds 
Sever Plocker | 18:32 | 08.12.24
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