Globes (Rishon LeZion, Israel)

Publisher:
NewsBank

Publisher

Latest documents

  • Israelis pay top dollar to sail home on yachts

    Hundreds of Israelis who have been stranded overseas since the start of the war with Iran at the end of last week are currently trying to return home by any means possible, including by sea. While the skies remain closed, and the state's solution for repatriating Israelis is only just beginning to take off, reports are increasing of private initiatives that are expensive and sometimes lack any supervision.

  • Minister denies Israel faces fuel shortage

    On Sunday night, in the barrage of Iranian missiles aimed at Haifa, a missile hit the power plant adjacent to the Bazan oil refinery. The explosion set off a fire that killed three of the company's employees, who had taken shelter in a protected inner room, and led to the refinery being shut down, the company reported to the Tel Aviv Stock Exchange. This followed a previous hit to a pipeline in the installation on Saturday night. Now, the largest refinery in Israel cannot supply fuels, just when two offshore gas production platforms have been shut down and some power stations in Israel have switched to using diesel.

  • S&P warns on third cut for Israel's rating

    International ratings agency S&P has addressed the Israel-Iran war for the first time. In a special survey published today S&P's analysts write, "Developments in the Israel-Iran conflict are testing S&P Global Ratings' previous assumptions by increasing downside risk including due to the prospect of further escalation."

  • Sonol warns on fuel supply disruptions

    Following the damage to the Bazan oil refinery in Haifa Bay, which was hit by an Iranian missile, killing three employees, Israeli energy company Sonol announced potential disruptions in the supply of fuel.

  • Intel could lay off up to 800 Kiryat Gat employees

    Intel is expected to lay off up to 20% of its production employees according to reports, including in "Oregon Live," which closely covers the chipmaker. Intel VP manufacturing Naga Chandrasekaran wrote to employees, " "These are difficult actions, but essential to meet our affordability challenges and the current financial position of the company." Chandrasekaran added that the company will cut between 15% and 20% of its manufacturing workforce starting July.

  • Coralogix raises $115m to become newest Israeli unicorn

    Israeli full stack observability provider Coralogix has announced the completion of a $115 million Series E financing round at a company valuation of over $1 billion. Thus the company, which has developed a smart platform to identify and analyze software and computer system issues, has joined the unicorn club. Coralogix was founded in 2014 and currently has 500 employees, including 250 in its Israel development center.

  • Zvi Stepak: All factors point to home price falls

    The rises on the Tel Aviv Stock Exchange in the past two days despite the war with Iran have surprised several stock market experts. The main explanation they come up with is that investors are pricing in "the day after," when the threat from Iran will have shrunk and Israel's risk premium will decline. Meitav Investment House founder Zvi Stepak, however, suggests a different explanation.

  • Despite war shekel strengthening sharply

    Despite the war the shekel is strengthening sharply in forex trading. This afternoon the Bank of Israel set the shekel-dollar rate down 1.75% at NIS 3.537/$ and the shekel-euro rate was set 1.418% lower at NIS 4.094/€.

  • Eight dead in heavy overnight missile barrage

    In a heavy barrage of missiles from Iran overnight, eight people in Israel were killed. Four were in Petah Tikva, thee in Haifa, and one in Bnei Brak. Dozens of people have been injured and taken to hospital, including a thirty-year-old woman in severe condition. Three of the people killed in Petah Tikva were in a protected space, but it sustained a direct hit, and the three were killed by the shock wave. Missiles landed in several places and caused widespread damage. Rescue teams continue to search for people trapped in the wreckage.

  • Israel Navy's new Barak Magen shoots down UAVs

    The IDF has announced that, last night, for the first time, missile ships of the Israel Navy shot down UAVs launched at Israel by Iran using the Barak Magen air defense system and the LRAD interceptor. Eight aircraft were shot down.

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