Category: Israel
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Stripe founder Patrick Collison’s Israel visit stirs strong feelings
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The founder of payments giant Stripe, Patrick Collison, revealed on Channel X that he had arrived to visit Israel, writing: “Great to be back in Tel Aviv. I missed this tour.” To accompany a photo of Tel Aviv’s waterfront promenade. Stripe is one of the most valuable private technology companies…
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Stripe founder Patrick Collison’s Israel visit stirs strong feelings
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The founder of payments giant Stripe, Patrick Collison, revealed on Channel X that he had arrived to visit Israel, writing: “Great to be back in Tel Aviv. I missed this tour.” To accompany a photo of Tel Aviv’s waterfront promenade. Stripe is one of the most valuable private technology companies…
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Wizz Air brings forward return to Israel
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Low-cost airline Wizz Air announced the gradual resumption of activity in Israel, starting from December 20. Wizz Air will initially restore service on the Tel Aviv-Larnaca route, with four flights per week. The company said that information regarding other routes, on which it expects to resume flying from January 15,…
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Bank of Israel keeps rate at 4.5%
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The Bank of Israel Monetary Committee announced that it kept the interest rate unchanged at 4.5%, as expected. This is the seventh time in a row that the Bank of Israel has left the interest rate unchanged, after reducing it from 4.75% in January. The Bank of Israel said: “Given…
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Air France extends Israel flight cancelations
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Air France extended the cancellation of all Israeli flights until November 26, and the Italian carrier ITA extended its cancellations until January 13, 2025. The Air France and ITA announcements came the day after violent attacks on fans of the Maccabi Tel Aviv soccer team in Amsterdam, which prompted Israel’s…
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Over 1,000 Intel Israel employees leave the company
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The hallways at Intel’s Israel development center are quieter these days, as the largest wave of layoffs the company has ever known comes to an end and those remaining get used to the new reality. Former Intel Israel employees told Globes that the situation at the chipmaker is a complex…
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SPAR expansion in Israel stalls
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The Dutch retail chain’s plans to open a store in Beersheba have stalled by leaving the Kfar Saba store as its only branch, although talks are underway to open outlets in Tel Aviv. Six months after Dutch retail chain SPAR opened its first branch in Israel in Kfar Saba, an…
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Unemployment in Israel falls to new low
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The unemployment rate in Israel fell to 2.5% in October, according to the Central Bureau of Statistics, compared to 2.7% in September. Unemployment, as defined in the broadest sense including the unemployed, employees placed on unpaid leave and those mobilized for reserve duty in the military, also fell to 3.4%…
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Bill proposes abolition of public broadcasting in Israel
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Communications Minister Shlomo Karhi and MK Tali Gottlev (both Likud) plan to introduce a draft law at Sunday’s meeting of the Ministerial Legislation Committee to privatize Israel’s public broadcaster, which broadcasts under the name Kan. The draft law aims to privatize the Kan channel by ending its public funding and…
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Dovi Frances to help set up Israel AI National Directorate
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In recent weeks, the Israeli government has been moving forward with the establishment of a national directorate that would coordinate all government AI activities, from within the Prime Minister’s Office. This directorate will be largely at the expense of the directorate created in the Ministry of Innovation, Science and Technology…
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Dovi Frances to help set up Israel AI National Directorate
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In recent weeks, the Israeli government has been moving forward with the establishment of a national directorate that would coordinate all government AI activities, from within the Prime Minister’s Office. This directorate will be largely at the expense of the directorate created in the Ministry of Innovation, Science and Technology…
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Defense Ministry to sell homes around Israel
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The Ministry of Defense published a public auction to sell 19 apartments at an estimated value of 28-30 million shekels. The Ministry of Defense published a public auction for the sale of 19 apartments across Israel that were used to meet the needs of the Israeli army and security forces.…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Israel signs $5.2b Boeing deal for F-15 fighter jets
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Yesterday, the Israeli Ministry of Defense signed a huge deal worth $5.2 billion with Boeing to purchase 25 advanced F-15 fighter jets. The deal will be financed by US aid to Israel and includes an option to purchase 25 additional fighter aircraft. Director General of the Ministry of Defense, General…
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S&P could downgrade Israel again this week
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On Friday, rating agency Standard & Poor’s will issue its latest rating for Israel, just one month after its unexpected decision to downgrade Israel’s credit rating for the second time this year with a negative outlook. In April, Standard & Poor’s downgraded Israel’s rating from AA- to A+. The credit…
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S&P could downgrade Israel again this week
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On Friday, rating agency Standard & Poor’s will issue its latest rating for Israel, just one month after its unexpected decision to downgrade Israel’s credit rating for the second time this year with a negative outlook. In April, Standard & Poor’s downgraded Israel’s rating from AA- to A+. The credit…
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Billionaire Israel Englander Sold 40% of Millennium’s Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
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Investors rarely lose important data on Wall Street. Earnings season provides an onslaught of operating results for many of America’s most important companies, while economic data is released almost daily Monday through Friday. But every so often, one of these important data dumps can slip through the cracks. For example,…