NewsBank (Globes (Rishon LeZion, Israel))

12257 results for NewsBank (Globes (Rishon LeZion, Israel))

  • Argentina files criminal suit against Navitas over Falklands oil

    Argentina has been escalating the long-running sovereignty dispute with the UK over the Falkland Islands. The latest move involves Israeli energy exploration and production partnership Navitas Petroleum (TASE: NVPT). The government of Argentina's President Javier Milei has announced plans to file a criminal lawsuit against Navitas, its subsidiaries and senior company executives for their role in...

  • Italy rises in popularity with Israeli tourists

    Bluebird Airways continues to expand its activity in Italy. It recently announced the launch of flights from Tel Aviv to Bologna, with three flights a week and with fares starting at €128 in each direction. "The route offers Israelis another convenient way of reaching the regions most in demand in northern Italy," the airline said. From September 17, Bluebird, which is based in Greece but is...

  • "We aim to be the global standard"

    Interviewed by "Globes" on September 4, 2025, Xtend AI Robotics co-founder and CEO Aviv Shapira declared, "One of our goals is an IPO in the US." Exactly a year later, on September 4, 2026, the company completed a merger with JFB Construction Holdings at a valuation of $1.5 billion, and its stock became listed on the New York Stock Exchange (NYSE) with the ticker XTND, climbing 25% on its first...

  • Anthropic decides against $6b Decart acquisition - report

    After protracted negotiations and conducting due diligence, US AI giant Anthropic has backed out of its planned $6 billion acquisition of Israeli AI startup Decart, people familiar with the matter have told "Bloomberg."

  • Israel's fiscal deficit continues to narrow

    The narrowing of Israel's fiscal deficit because of increasing state revenues continues. Over the 12 months until the end of August 2026, the fiscal deficit fell to 3.2% of GDP, or NIS 71.1 billion, down from 3.3% at the end of July, Ministry of Finance accountant general Michal Abadi-Boiangiu reports. The fiscal deficit in 2025 was 4.6% of GDP and the government's deficit target for 2026 is 4.9%

  • 12 countries announce boycott of goods from settlements

    Twelve countries (11 European countries and Canada) today announced that they will boycott products made by Jewish settlements in the West Bank. The joint move reflects a new low-point in relations between Israel and Europe over the situation in Gaza and the territories. Britain led the announcement, with Foreign Secretary Ed Miliband declaring that the UK had "taken a central role" in...

  • Hapag-Lloyd, FIMI to submit improved offer for ZIM

    German shipping giant Hapag-Lloyd announced today that following a round of meetings with Israeli government officials, they will move forward together on an improved deal to acquire Zim Integrated Shipping Services (NYSE: ZIM), which will be submitted by the end of September. Hapag-Lloyd said the improved bid will "Alter structural aspects in the deal to acquire the Israeli shipping company ZIM,

  • Israel's forex reserves reach new peak

    Israel's foreign exchange reserves at the end of August 2026 stood at a record $241.641 billion, an increase of $2.850 billion from their level at the end of the previous month, the Bank of Israel reports. The level of the reserves relative to GDP was 34.9%.

  • Inward investment in Israel reaches record

    Direct foreign investment in Israel totaled $26.2 billion in 2025, the highest ever annual figure, and 78% higher than the $14.8 billion total for 2024. The figures are from a report released last week by the Chief Economist's Department at the Ministry of Finance, based on OECD data and on an independent database of deals maintained by the department.

  • Andreessen Horowitz ramps up Israel activity

    Andreessen Horowitz (a16z), one of the world's largest venture capital firms, has significantly stepped up its activity in Israel in the past six months, particularly after the completion of the Google's $32 billion acquisition of Israeli cybersecurity company Wiz. The firm has some $100 billion under management, and was one of the first investors in Instagram, SpaceX, Facebook, OpenAI and Airbnb.

  • Israir to launch Tel Aviv-New York flights next week

    After receiving all the necessary permits from the US Federal Aviation Authority (FAA) to operate scheduled commercial flights to the US, Israeli airline Israir (TASE: ISRG) will launch Tel Aviv - New York flights next week. Tickets will go on sale from tonight. Israir's first Tel Aviv - New York flight will take off on September 15 and the first New York - Tel Aviv flight will take off from JFK...

  • After credit upgrade, Teva plans to recycle debt

    For the first time in many years, the three international rating agencies now hold an investment grade rating for the debt of Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA). This is after last week S&P followed the other two agencies, Fitch and Moody's, and raised Teva's debt rating from BB plus to BBB minus.

  • New initiative seeks $500m to commercialize Israeli life science

    In the past year, dozens of senior people in the biomedical field in Israel and the US have racked up a hundred days of meetings discussing ways of removing obstacles impeding Israel's biomedical industry. The meetings yielded not only a report with recommendations, but also a concrete plan, the first stage of which is the setting up of a philanthropic fund for commercializing technologies from...

  • Rafael signs agreement to buy VW plant

    Israeli government-owned company Rafael Advanced Defense Systems, the German state of Lower Saxony, and international Israel-founded investment fund Aurelius Capital have signed a letter of intent to acquire Volkswagen's Osnabrück plant. The factory will be repurposed for the production of components for the Iron Dome air defense system. Confirmation of the deal came this morning after long...

  • Apartments sold and rented

    Second-hand apartments sold

  • Poll of Polls: Coalition leapfrogs opposition

    The latest "Globes" poll of polls, averaging the polls conducted by Israel's media outlets, leading up to the Knesset election on October 27, sees the ruling coalition parties (including Ofer Winter's People of Israel) overtaking the opposition bloc for the first time in weeks. Moreover, Prime Minister Benjamin Netanyahu's Likud has leapfrogged Yashar, the new party led by former chief-of-staff...

  • Clalit to buy majority stake in Herzliya hospital

    Clalit Health Services is buying an additional 10% stake and will hold a 50% stake in private hospital Herzliya Medical Center. The hospital has been given a valuation of over NIS 1 billion in the deal.

  • Israel in talks to sell air defense system to UAE - report

    Israel plans to "scale up" the export of the layered air-defence system it sold to Greece with the UAE as its desired buyer, one current and one former US official familiar with ongoing discussions told "Middle East Eye," which supports Turkey, Qatar and the Muslim Brotherhood.

  • German Iron Dome parts production to begin in 2027 - report

    Rafael Advanced Defense Systems will begin manufacturing Iron Dome components next year at the plant currently belonging to Volkswagen in Osnabruck, the carmaker's management confirmed at the weekend, German magazine "WirtschafWoche" reports.

  • Analysts see upside in JFrog, despite slide from peak

    The share price of Israeli software company JFrog (Nasdaq: FROG) fell 4.5% in the last two trading sessions on Wall Street and 11.3% for the week. The weakness in the stock came after the previous week the share price reached an all-time high of about $104. At the end of last week the stock closed at $87.60, giving a market cap of $10.8 billion.

  • Dramatic rise in doctors emigrating from Israel

    1,300 doctors left Israel between 2023 and 2025, representing 3% of all the doctors employed in Israel, a new study by Tel Aviv University researchers has found.

  • "Most important company you've never heard of"

    "The New York Times" veteran commentator Thomas Friedman once wrote, "Applied Materials is one of the most important US companies you've probably never heard of." There is a good reason why not many people have heard of it - it is a boring company that manufactures machines for testing microchips used in cloud servers, smartphones, and electric vehicles for defects. Its share price trod water on...

  • German defense exports to Israel soar

    Germany approved defense exports to Israel worth nearly €800 million (about $930 million) in the first half of 2026, "Der Spiegel" reports, citing data from Germany's Ministry of Economics and Energy in response to a query from a leftist opposition party.

  • IDF chief's wife quits Tomer Food after media criticism

    After critical reports in the media about the conduct of Orna Zamir, wife of IDF chief of general staff Lieutenant General Eyal Zamir, as an independent director at Tomer Food Combination (TASE: TOFD), she has submitted her resignation. The criticism was that Zamir was employed by Tomer while the IDF was one of the company's biggest companies.

  • Defense-tech boom pushes up Tel Aviv office rents

    The war and defense needs in Israel and the West are affecting the office real estate market in Israel. Defense-tech companies have rescued the Tel Aviv office market from the crisis it has undergone in recent years, according to a survey of the first half of 2026, conducted by office management and research company Newmark Natam..

  • Gasoline prices to fall sharply after gov't cuts excise

    The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel is expected fall on Sunday at midnight September 7, 2026, by NIS 0.50 per liter to NIS 7.75 per liter. Minister of Finance Bezalel Smotrich is expected to sign an order reducing excise by NIS 0.50 per liter.

  • Intel shuts down Israel AI lab

    US chip giant Intel is closing down its agentic and inference optimization research laboratories in Israel and laying off its 13 employees, "Globes" has learned. The reasoning given internally by the company for closing the activity focuses on organizational considerations based on geographical location.

  • Anthropic expanding Israel marketing and sales

    In the coming weeks, AI giant Anthropic plans to complete its $6 billion acquisition of Israeli company Decart, which specializes in developing lean language models. "Globes" has learned that the company will also increase its operations in the Israeli market, with an emphasis on tech companies and veteran software companies.

  • Teva drug meets endpoints in celiac disease trial

    Teva Pharmaceuticals (NYSE: TEVA; TASE: TEVA) today reported initial positive results in a Phase IIa trial in its antibody for treating celiac disease. The antibody TEV '408 (anti-IL 15) was also tested as a treatment for the skin disease vitiligo, and there it also presented encouraging findings. Teva previously reported that the antibody's sales potential as a treatment for celiac disease, if...

  • Robotic sovereignty-as-a-service co AITAN raises $41m

    Israeli defense-tech company AITAN has completed a $41 million financing round co-led by Deep33 and Dell Technologies Capital. The latest financing brings the company's total capital raised to $54 million. The company valuation was not disclosed.

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