Globes (Rishon LeZion, Israel)

Publisher

Latest documents

• US chip export rules cancellation unlikely to help Israel soon

  Towards the end of last week, the spokesperson of the US Department of Commerce announced that the rules governing the export of microchips promulgated in the last days of the Biden administration were cancelled. This was welcome news for more than 150 countries, Israel among them, and the product of a pressure campaign by a combination of forces that don't generally join hands: chips giant Nvidia, the main loser from the move, and countries that matter to President Donald Trump, such as Saudi Arabia and the UAE, which felt discriminated against despite their special relations with the US.

• S&P retains negative outlook for Israel rating

  International credit rating agency S&P announced on Friday that it was leaving its sovereign rating for Israel unchanged, at A, with a negative outlook. The neutral announcement comes after two consecutive rating downgrades in its announcements in April and October 2024.

• AI21 Labs raising $300m - report

  Israeli AI systems developer AI21 Labs, founded by Prof. Amnon Shashua, Prof. Yoav Shaham and Ori Goshen, is raising $300 million in a Series E financing round to build its own large language models (LLMs), "Business Insider" reports. The company's most recent financing round was in 2023 when it raised $208 million at a company valuation of $1.4 billion. Previous investors include Google and Nvidia. The Series E financing round will bring the total raised by AI21 Labs to $636 million.

• Israel flight cancellations continue to mount

  The wave of cancellations on Israeli flights by foreign airlines following the direct hit on Ben Gurion airport last Sunday by the Houthi rebels continues to grow. Over the weekend several major airlines have announced the extension of flight suspensions. Initially, the foreign carriers suspended flights to Israel for short periods of a day or two, while reviewing the situation daily, but now the list of airlines opting for longer-term suspensions is lengthening.

• West Bank Palestinians fear Gaza fallout

  When an angry Palestinian Authority president Mahmoud Abbas called Hamas officials "sons of dogs" on international television in mid-April, demanding they release the remaining Israeli hostages, he said that "all the Palestinian people are paying the price" for the October 7 attack organized by the Islamic rulers of Gaza and for the response by the Netanyahu government.

• Is Nice ready to bounce back?

  Exactly a year has passed since the surprise announcement by Barak Eilam, CEO of Israeli technology company Nice (TASE: NICE; Nasdaq: NICE), that he was stepping down. The announcement led to a 15% fall in the company's share price within two days. Since then, the share price has continued to decline, and in the past twelve months Nice has been the worst performing stock in the Tel Aviv 35 Index list.

• Teva to lay off an estimated 250-300 employees in Israel

  Last week Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) published its first quarter results for 2025 and unexpectedly announced plans to lay off 8% of its workforce by 2027 - almost 3,000 employees. The aim, Teva said, is cost savings of $700 million.

• Israel's cabinet approves bonuses for reservists

  As the Israeli army continues calling up reservists for an expanded operation in Gaza, the cabinet has approved incentives worth NIS 3.4 billion for reservists drafted for combat duty.

• Germany wants to procure Israel's Arrow 4 - report

  Israel Aerospace Industries (IAI) is working intensively to deliver Arrow 3 exoatmospheric hypersonic anti-ballistic missile systems to Germany on time, as part of the historic deal worth NIS 14 billion, while Berlin is already interested in procuring Arrow 4 missile defense systems that are under development.

• Teva on course for 2027 targets

  Nearly a decade ago, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) found itself mired in a liquidity crisis that placed in doubt its ability to repay the huge debt it had taken to finance the $40 billion acquisition of Activis from Allergan.

Featured documents

• Export controls strangling Israel's cyberattack industry

  In the past few days a small, little-known Israeli cyberattack company called Nemesis shut down. The company, which tried to compete with NSO Group with spyware that takes control of smartphones, was never exposed by the media, and did not even have a company website but its closure marks for many...

• "We want Israel in the driver's seat in dealing with China"

  In the 1870s, the US overtook Great Britain as the world's leading economy, a title it bears alongside "Leader of the Free World". But all that could change within the next ten years, if the predictions come true and it is overtaken by China, its most significant economic rival. There are some...

• "Everybody cries"

  Kebe Dunn, wife of actor-comedian Michael Rapaport, hadn't seen her husband cry in a decade. But in December, during his visit to Israel, the floodgates opened. It happened when he met 17-year-old Ofir Engel, who had returned from Hamas captivity. That meeting came after weeks of Rapaport trying to ...

• Femtech seeks to provide alternatives to the pill

  The invention of the pill was probably the biggest earthquake undergone by feminism: a cheap and available means that allows billions of women worldwide to manage their future, their family and their livelihood. It was undoubtedly an event that makes it easy to see how life has changed before and...

• Tech giants battle for data center real estate in Israel

  Five years ago, two major cloud computing players, Google and Amazon, were offered the possibility of hosting Israeli data centers. "The Israeli market is too small," their local managers were told. In retrospect, that was a big mistake. Today, the two giants are in an especially tight race to...

• Israel issues world's first digital bond

  The Tel Aviv Stock Exchange (TASE: TASE), the office of the Accountant General at the Israeli Ministry of Finance, and three leading tech companies in the field (Fireblocks, VMWare and BlockFold) last week completed the proof of concept (PoC) phase for Project Eden, issuing a government digital...

• Will a small Galilee factory deliver Nvidia's superconductor?

  Even at a distance, the Simtal Nano-Coatings factory stands out from its surroundings in the dusty Tsiporit industrial park in the Upper Galilee. The facade is mauve, and the color also dominates inside, where dozens of women work delicately alongside orderly rows of electronic boards, peering at...

• At 88, the father of AI worries about his grandchildren

  We met Prof. Judea Pearl for the first time a few weeks ago at a Friday night dinner in Los Angeles. At first glance, it was hard to figure how special this man is. He sings, dances, drinks, and for a moment even looks like someone who doesn't take life too seriously....

• "We don't learn from others, we think we're smarter"

  Even at age 80, with 26 consecutive years in office under his belt, Tel Aviv-Yafo Mayor Ron Huldai won't allow himself time to sit back and relax without considering his next step. He is Israel's most significant and passionate reformer in the transport sector, having introduced unpopular changes...

• Blackwater founder: US military aid to Israel must end

  Three weeks after the October 7 massacre, Erik Prince arrived in Israel with a far-reaching idea: drill from the sea into the Gaza tunnels, flood them with water, and thus deny Hamas the ability to wage underground warfare. To this end, he met with senior officials at the Directorate of Defense...