Over 1,000 Intel Israel employees leave the company - Globes
The company's share price has fallen 50% since the start of 2024, and the company's losses in the last quarter rose to $1.6 billion. The global streamlining plan, announced in August by CEO, Pat Gelsinger, included 15,000-17,000 layoffs worldwide.
Kenon set to dispose of more ZIM shares - Globes
Nov 24, 2024 · Six months ago, Kenon sold ZIM shares for $111 million, and at the same time signed an option for the sale of additional ZIM shares (4.2% of the company).
Globes - Israel Business News
Business news and analysis from Israeli financial daily “Globes”, covering the economy, finance, information technology, healthcare, defense, real estate, and more, updated throughout Israel's working week.
Shufersal profit soars - Globes
Nov 26, 2024 · The cutbacks by the supermarket chain's new owners the Amir brothers have paid off with a third quarter net profit of NIS 237 million. The aggressive cutbacks by the new owners of supermarket chain Shufersal, brothers Yossi and Shlomi Amir, are starting to pay off for them and their shareholders, and big time.
ICC decision may mean European arms embargo on Israel
Nov 21, 2024 · The ICC decision considerably strengthens those who claim that Israel is committing war crimes in the Gaza Strip and who are calling for diplomatic ties with it to be cut off, and for the suspension of arms sales to it and for a boycott of the country.
Global banks invest $20m in Israeli fintech co Capitolis
Nov 25, 2024 · The investment by Citi, UBS, Morgan Stanley and State Street will be used to further grow Capitolis’ capital marketplace and portfolio optimization businesses.
Iron Beam - world's most powerful laser defense system
Oct 29, 2024 · The Iron Beam project received a significant boost with the signing of a NIS 2 billion deal by Ministry of Defense director general General (res.) Eyal Zamir to expand serial production of the laser interception system.
Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b - Globes
Nov 19, 2024 · The bank's mortgage portfolio grew 10% year-on-year, outstripping growth in lending to any other sector. A week after "Globes" reported on the restrictions that Bank Leumi is placing on deals involving contractors’ loans to homebuyers, the bank’s third quarter financials released this morning contain indications of the reasons for the decision.
Bill proposes abolition of public broadcasting in Israel
Nov 20, 2024 · Communications Minister Shlomo Karhi and MK Tally Gotliv call for privatization of the Israel Public Broadcasting Corporation (Kan), and for shutting it down if no suitable buyer is found.
Greek port workers block Israel bound arms consignment
Oct 20, 2024 · A Greek Coast Guard spokesperson told the Balkan Insight website, “The vehicle was transferred to the Port Authority of Keratsini, which is conducting a preliminary investigation."