Today: July 03, 2024
Today: July 03, 2024

Latest From Steven Scheer

Business|Economy|Travel

El Al profit soars, CEO urges foreign carriers to resume Israel flights

El Al Israel Airlines on Wednesday swung to a first-quarter profit, boosted by strong demand at a time when foreign carriers have halted or curtailed flights

El Al profit soars, CEO urges foreign carriers to resume Israel flights
Business|Economy|Health

Bristol Myers to pay $2.7 million to settle Israel anti-competition charges

Bristol Myers Squibb has agreed to pay 10 million shekels ($2.7 million) in Israel to settle a potential case over its blocking of a generic version for anti-

Bristol Myers to pay $2.7 million to settle Israel anti-competition charges
Science|Technology

Israel to build supercomputer to keep pace in global AI race

Israel next month will launch a tender to establish the country's first supercomputer to ensure the country remains a global leader in artificial intelligence (

Israel to build supercomputer to keep pace in global AI race
Business

Google to help fund Israeli AI firms, Palestinian businesses

Google is investing $8 million to support Israeli tech firms and Palestinian businesses, the Alphabet-owned group said on Wednesday, citing the need for small

Google to help fund Israeli AI firms, Palestinian businesses
Business

Israel securities regulator to woo US investors as looks beyond Gaza war

The Israeli securities watchdog's new chairman, Seffy Zinger, heads to the United States next week to woo U.S. investors and reassure them that it is business as

Israel securities regulator to woo US investors as looks beyond Gaza war
Business

Israel grants Intel $3.2 billion for new $25 billion chip plant, biggest ever company investment in country

Israel's government agreed to give Intel Corp a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on

Israel grants Intel $3.2 billion for new $25 billion chip plant, biggest ever company investment in country
Business

Chipmaker Nvidia raises $15 million for non-profits helping Israel-Hamas war-hit civilians

U.S. chipmaker Nvidia and its employees have donated $15 million to Israeli and foreign non-profit organisations that are supporting civilians affected by

Chipmaker Nvidia raises $15 million for non-profits helping Israel-Hamas war-hit civilians
Business

Tel Aviv bourse says no unusual trading ahead of Oct 7 Hamas attack

The Tel Aviv Stock Exchange said on Tuesday a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of

Tel Aviv bourse says no unusual trading ahead of Oct 7 Hamas attack
Business

Polestar the first EV maker to incorporate StoreDot's fast-charging batteries

Israeli start-up StoreDot said on Thursday Polestar Automotive will be the first automaker to incorporate its fast-charging battery cells, which can be recharged

Polestar the first EV maker to incorporate StoreDot's fast-charging batteries
Economy

Bank of Israel holds rates, can't cut again while inflation rising

The Bank of Israel held short-term interest rates steady on Monday for the third straight meeting, citing rising price pressures, a rebound in economic activity

Bank of Israel holds rates, can't cut again while inflation rising
Business|Economy

Bank of Israel rate cuts seen on hold next week, possibly for all of 2024: Reuters poll

The Bank of Israel (BOI) will leave short-term interest rates next week for a third straight meeting and further rate reductions the rest of 2024 are in jeopardy

Bank of Israel rate cuts seen on hold next week, possibly for all of 2024: Reuters poll
Business|Economy

Israel companies to start publishing dividends in 'per share', Tel Aviv bourse says

The Tel Aviv Stock Exchange (TASE) said on Thursday that listed companies will be required to report dividends on a per share basis, rather than the overall

Israel companies to start publishing dividends in 'per share', Tel Aviv bourse says
Business|Economy

Tel Aviv Stock Exchange to align trading week with global bourses

The Tel Aviv Stock Exchange (TASE) is planning to alter its schedule and add Friday to the trading week in a bid to strengthen the Israeli bourse's global

Tel Aviv Stock Exchange to align trading week with global bourses
Business|Health

Teva Pharm to launch Humira biosimilar as Q1 profit misses estimates

Teva Pharmaceutical Industries said it was set to launch its long

Teva Pharm to launch Humira biosimilar as Q1 profit misses estimates
Economy|Political

Israel's finance minister calls for 'marathon' 2025 state budget talks next week

Israeli Finance Minister Bezalel Smotrich on Sunday called for talks next week to draft the 2025 state budget which he said would be "marathon discussions" aimed

Israel's finance minister calls for 'marathon' 2025 state budget talks next week
Business|Economy|Political|World

Israeli-Turkish trade on life support as relations hit bottom

Israeli-Turkish trade has weathered many bilateral diplomatic storms over the decades and stayed on course, reaching billions of dollars a year, but Israelis fear

Israeli-Turkish trade on life support as relations hit bottom
World

Israeli startups raised $3.1 billion since war began on Oct 7

Israeli high-tech startups are still raising funds despite the country's war with Palestinian Islamist group Hamas, although at a slightly slower pace, Startup

Israeli startups raised $3.1 billion since war began on Oct 7
World

University of Penn professors in Israel speak out on US campus antisemitism

Until three months ago, University of Pennsylvania psychology professor Michael Kahana said he had never felt the need to wear a yarmulke, or Jewish skullcap, to

University of Penn professors in Israel speak out on US campus antisemitism
Science|Technology

Holocaust researchers use AI to search for unnamed victims

Researchers in Israel are turning to artificial intelligence (AI) to comb through piles of records to try to identify hundreds of thousands of Jewish people

Holocaust researchers use AI to search for unnamed victims
News|Political

Angry scenes as Israeli parliament votes on conscription law

Israel's parliament moved ahead with a contentious law on conscripting ultra-Orthodox religious students into the military amid angry scenes on Monday in the

Angry scenes as Israeli parliament votes on conscription law
News|Political

Israel extends Al Jazeera ban by 45 days, cites security threat

A ban on Al Jazeera's operations in Israel was extended for another 45 days by Israel's telecoms regulator on Sunday after the cabinet agreed its broadcasts

Israel extends Al Jazeera ban by 45 days, cites security threat
Economy|News|Political

Despite war needs, Israel's military should not get a 'blank check' -cenbank chief

Bank of Israel Governor Amir Yaron on Thursday backed the establishment of a committee to examine Israel's defence budget, saying the ongoing war

Despite war needs, Israel's military should not get a 'blank check' -cenbank chief
Economy|News|Political

Further rate cuts will be tough while inflation persists, says Bank of Israel's Yaron

The Bank of Israel will have a hard time continuing to lower short-term interest rates as long as inflation pressures persist and Israel's war against Hamas

Further rate cuts will be tough while inflation persists, says Bank of Israel's Yaron

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