Globes (Rishon LeZion, Israel)

Publisher:
NewsBank

Publisher

Latest documents

  • Israeli digital insurance co Lemonade launches in UK

    Israeli digital insurance company Lemonade (NYSE: LMND) today launched in the UK. Residents in Britain can now purchase Lemonade Contents insurance, from anywhere, on any device, as well as file claims and get paid almost immediately.

  • Bank of Israel again hikes rate by 0.75%

    The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has raised the interest rate by 0.75% to 2.75%. This is the fifth rate hike made by the Bank of Israel since April, when it raised the rate from its historical low of 0.1% to 0.35%.

  • Israeli biotech co Matricelf ranked 3rd in Startups World Cup

    Israeli biotechnology company Matricelf, which operates in the regenerative medicine and tissue engineering sector, has been ranked third in the 2022 Startups World Cup in San Francisco. The company aims to let people with spinal cord injuries discard their wheelchairs.

  • Draft agreement concedes Lebanese economic zone demands

    The draft agreement on a maritime border between the exclusive economic zones of Israel and Lebanon has been revealed. The Qana/Sidon gas prospect, which straddles the economic zones of Lebanon and Israel, will be developed entirely by Lebanon, chiefly through French energy company Total, while Israel will receive financial compensation for the part in its zone, a senior diplomatic source disclosed last night.

  • Bezeq Int'l to lay off 50% of workforce

    Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) Internet and international calls unit Bezeq International is to lay off 50% of its workforce. An estimated 300 tenured employees will lose their jobs as well as an additional 250 non-tenured employees. Sources have told "Globes" that Bezeq's board of directors will convene today to approve the plan after which the company will notify the Tel Aviv Stock Exchange (TASE). Bezeq International will set aside a significant sum of money in its next financial report.

  • Intel seeks $3.5b from Mobileye despite sluggish IPO market

    Although the primary market on Wall Street has slowed almost to a halt, autotech company Mobileye is reviving its plans for a huge IPO on Nasdaq, and at the end of last week it filed a prospectus. At this stage, the prospectus does not state the valuation at which Mobileye seeks to make the offering, but a few weeks ago Bloomberg reported that the valuation of $50 billion that the company was aiming at earlier in the year had been trimmed to $30 billion.

  • Shekel gains strongly after rate hike

    The shekel is strengthening strongly this evening against the dollar and against the euro. In futures trading, the shekel exchange rate is down 1.07% against the dollar at NIS 3.545/$ and down 0.51% against the euro at NIS 3.482/€.

  • New pension safety-net replaces designated gov't bonds

    A historic change in pension funds in Israel is now underway. For the first time in decades, the state will not issue designated bonds as a safety net for pension fund savers, and a new mechanism will come into operation.

  • US hands Lebanon draft maritime border agreement with Israel

    Yesterday, the office of Lebanese president Michel Aoun announced on Twitter that US ambassador to Lebanon Dorothy Shea had handed to the president a note from US mediator Amos Hochstein setting out proposals for drawing a maritime border between the economic waters of Lebanon and Israel.

  • Rate hike poses dilemma for Bank of Israel

    After surprising investors in Israel in August and hiking the interest rate by 0.75%, more steeply than expected, the Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, will announce its interest rate decision for October tomorrow afternoon.

Featured documents

  • Squabbling threatens NSO sale

    Israeli cyberattack company NSO Group has a long list of woes: being on the US Department of Commerce blacklist, lawsuits against it from Apple and Meta, a series of journalistic investigations again and again exposing the problematic use of its technology by its customers. But its internal...

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    Intel is at one of the lowest points it has ever known. It has lost its lead in the chip market to rivals who have overtaken it in both mobile and artificial intelligence, and have figured out Intel's sophisticated production methods. It has suffered ongoing CEO churn, employee defection to...

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  • The musician, the doctor, and the oil company

    In February 1991, during the waning days of the first Gulf War, a private executive jet landed at Ben Gurion Airport. Inside sat two young Poles. The shorter, stockier of the pair, sporting a two-week-old beard, wore a red T-shirt and pink pants. The other wore jeans and a denim shirt. They exited...

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    Prof. Yanay Ofran's amazing story about the pursuit of an antibody that will save the world from disease Shlomit Lan and Gali Weinreb Professor Yanay Ofran, founder and CEO of Biolojic Design, a company that develops smart antibodies designed to treat a variety of diseases, is frustrated. "Humanity ...

  • Wizz Air president: We know there is chaos

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