Category: Govt
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Israeli gov’t mulls tax cuts as deficit narrows
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The exceptional data published on Monday by the public accountant – a record number at all in the state’s revenues in January 2025 and narrowing the financial deficit faces the Ministry of Finance with a challenge. While the Ministry of Finance officials try to cool this enthusiasm, and to emphasize…
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Gov’t threat ends Ashdod Port strike within hours
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The strike at the port of Ashdod, which began this morning, ended within hours. The Histadrut (the General Federation of Labor in Israel) announced labor sanctions for including temporary workers in shifts instead of permanent employees, which it said constituted a violation of agreements with employees. For its part, the…
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Biden gov’t plans $8b military aid package for Israel
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The administration of US President Joe Biden has informed Congress that it intends to approve an $8 billion military aid package for Israel, Reuters reported yesterday. An aid package of this size requires approval by the House of Representatives and the Senate. It will include air-to-ground munitions and artillery shells.…
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Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham
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The Royal Government of Bhutan has transferred approximately 929 bitcoins (BTC), worth approximately $66.16 million, to cryptocurrency exchange Binance. Lookonchain data service first I mentioned Transaction via X. The transfers took place in two tranches: an initial 100 BTC (about $7.1 million) at 9:09 AM UTC, followed by an additional…
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Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham
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The Royal Government of Bhutan has transferred approximately 929 bitcoins (BTC), worth approximately $66.16 million, to cryptocurrency exchange Binance. Lookonchain data service first I mentioned Transaction via X. The transfers took place in two tranches: an initial 100 BTC (about $7.1 million) at 9:09 AM UTC, followed by an additional…
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Smotrich seeks to loosen Budget Division’s grip on gov’t
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At the beginning of this week, and against the backdrop of setting the date for approval of the 2025 budget by the government, Finance Minister Bezalel Smotrich sent a letter to the head of the Budgets Division in his ministry, Yogev Grados, in which he stated that he outlines his…
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Could gov’t use golden share to force El Al to cut fares?
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Stare of Israel owns a “golden share” in a group of companies including El Al Israel Airlines Ltd (level:Ellal). Since the outbreak of the war, the Israeli national carrier has been heavily criticized for its high prices and for not operating emergency flights on Saturdays and holidays, except at the…
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Moving IDF bases tops gov’t housing plan
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Evacuating IDF bases, moving the Volcani Institute – the Agricultural Research Organization from its campus in Beit Dagan, and reducing the size of the Mikveh Israel Agricultural School are at the top of the government’s housing plans for 2025. This is alongside extensive plans to increase the housing supply through…
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Gov’t report slams rooftop solar panels as too costly
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Flooding the roofs of homes in the country with solar panels would cost the economy more than NIS 1.1 billion a year, compared to using very large solar fields in the Negev, according to a report by the National Economic Council, headed by Prof. Avi Simhon, on the economic feasibility…
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Gov’t report slams rooftop solar panels as too costly
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Flooding the roofs of homes in the country with solar panels would cost the economy more than NIS 1.1 billion a year, compared to using very large solar fields in the Negev, according to a report by the National Economic Council, headed by Prof. Avi Simhon, on the economic feasibility…
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Vietnam’s death toll from Typhoon Yagi rises to 24, govt says By Reuters
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HANOI (Reuters) – Typhoon Yagi and its resulting landslides and floods killed at least 24 people and injured 299 in northern Vietnam over the weekend, the government said, as authorities warned on Monday of more flooding. The typhoon, the strongest storm to hit Asia this year, made landfall on the…
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Pro-Bitcoin Politician Files Lawsuit Against Nigerian Gov’t
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A Nigerian politician and pro-Bitcoin activist has revealed that he has filed a lawsuit against several Nigerian authorities over restrictions on the ownership, use, and trading of Bitcoin, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government has taken stringent measures to try to control…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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US govt moves $2b worth of Bitcoin after Trump’s ‘no sell’ speech
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Bitcoin fell slightly on Monday after the U.S. government moved a large amount of bitcoin from its Silk Road cryptocurrency hoard. Data from Arkham show up The US government sent nearly $2 billion worth of Bitcoin (BTC) to a new address. The transactions were made in two batches, worth $669…
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Gov’t cuts programs to promote inclusivity in Israel’s tech industry
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As the war continues and the budget deficit widens, hundreds of cuts to Israel’s state budget include programs to increase employment opportunities for Arab, Druze and Haredi communities in the technology industry. The programs reduced by the Ministry of Economy and Industry include subsidizing the wages of Haredi, Arab and…
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Yields on Israel gov’t shekel bonds reach 13-year high
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Growing fears of an escalation in the confrontation between Israel and Hezbollah in Lebanon have increased pressure on Israeli government bonds. Yields on long-term government bonds have risen in recent days, reflecting the increased risk that investors attribute to the state of Israel’s debt. The yield on 10-year shekel government…
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Is Cryptoqueen Ruja Ignatova Alive? US Govt Raises Reward Offer to $5M
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The US government has increased the reward offered for information on the whereabouts of OneCoin co-founder Ruja Ignatova to $5 million. according to Official release From a U.S. State Department spokesperson, in collaboration with the U.S. Embassy in Bulgaria, anyone providing information leading to the arrest or conviction of Ignatova,…
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Modi’s govt calls on Indian state to look into Reuters report on Foxconn hiring By Reuters
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Written by Praveen Paramasivam, Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) – Indian Prime Minister Narendra Modi’s government said on Wednesday it had asked Tamil Nadu state to submit a “detailed report” after a Reuters story revealed that Apple supplier Foxconn had refused to hire married women for iPhone assembly…