Report: More Haredi Men Employed in ‘Non-Haredi’ Jobs

The proportion of Haredi men in typical Haredi world jobs decreased from 28% in 2012 to about 24% in 2019.

Teva to Settle US Opioid Lawsuits for $4.35 Billion

The proposed deal calls for Teva to pay as much as $3.7 billion in cash over 13 years, and provide $1.2 billion worth of naloxone.

Bread Prices in Israel to Rise 21%

The cost of basic bread will increase by 5.5 percent, but but December 2022, the price of basic bread will jump by 21 percent.

Company Bennett Exited in 2013 Shut Down, 120 Fired

Soluto's parent company Asurion is reducing its global workforce across all levels for future growth.

Former Minister Kara Invites Azerbaijan to Join Abraham Accords

Later this month, Kara will explore “how Israeli robots can offer a solution to Azerbaijan’s landmine problem.”

Israel’s High-Tech Sector Slashing Jobs

More than 500 high-tech employees were laid off on Sunday, 400 of them at the R&D center for Aid Genomics and 120 at Asurion's R&D center.

IAI Signs $200M+ Contract to Provide Special Mission Aircraft to NATO Country

The Special Mission Aircraft developed by IAI, to be supplied to the European NATO nation, are used to detect, alert, and collect strategic intelligence information.

Rami Levy Plans Non-Food Discount Chain

In short, Rami Levy is bringing in the concept of the American department store from across “the pond.” Think: K-Mart, Walmart, Odd Lot and more.

European Central Bank Raises Rates by Half a Percentage Point

“Very high energy prices are still the main reason for this," the Bank said, along with supply bottlenecks, high demand and a lower exchange rate.

Israeli Exports on Track to Break Record in 2022

Report: Exports of services outstripped those of goods for the first time in 2021.

Another Major Food Importer to Raise Prices

The price of some of the most popular Master Chef brand sauces, basmati rice, jasmine rice, croutons, soup nuts and noodles will rise.

Israeli Robotics Startup Raises $55 Million for First-Ever Fully Robotic Cataract Surgery

The funding will be used to accelerate the development of the ForSight's ORYOM platform in clinical trials.

Kimberly-Clark to Raise Prices on Basic Household Goods, Increasing Israeli Angst

The new prices, between 5.5 to 9.6 percent higher, are expected to take effect on August 14.

Haifa Port Sold to Gadot & Adani Consortium for NIS 4 billion

The sale of Haifa Port follows the sale of the Port of Eilat, which was sold to private owners nine years ago.

Lego Opens First Store in Israel

Some 5,500 customers flooded into the store at Dizengoff Center within the first three hours of its opening.

Afula Pushing Ban on Shabbat Driving Lessons to Keep Area Arabs Out

Student drivers flock to Afula from nearby Iksal, Shibli-Umm al-Ghanam, and Na’ura, because the road tests for the region are given in the city.

Ben & Jerry’s, Unilever, Seek Mediation on Settlements Sales

Unilever warned that prolonging the standoff was likely to bring on both companies even more "intense public criticism."

US Facing Near Double-Digit Inflation

The Labor Department announced Wednesday that consumer inflation leaped to 9.1 percent in the month of June, a 40-year record high.

Price of Israel’s Main Food Staple, Bread, Rises 20% This Sunday

"As the prices of raw materials become cheaper, I will require the Price Committee to reduce the price of bread."

New York Attorney General Letitia James Says Teva Pharmaceuticals ‘Lied’ About Opioids

James says she is holding the Israel-based parent company of Teva Pharmaceuticals USA accountable for its role in the opioid crisis.

First Time in 20 Years: Euro & Dollar Dead Even and Both Are Worth...

The US dollar is gaining based on expectations that the Fed will continue to aggressively raise rates.

Israel’s Largest Bakery Announces Price Hike – Along with Others

The price of water, gasoline and dairy products all rose at the start of this month, and more price hikes are on the way.

Elon Musk Backs Out of $44B Deal to Buy Twitter

The current agreement includes a one billion dollar "reverse termination fee" that Musk may have to pay.

Abraham Accords Yield $3 B. in Israeli Defense Sales to Arab Countries

Most of the collaborations are confidential so as not to embarrass the partners in the emerging alliance.

Price of Eggs Going Up, Large Pasta Recall Announced

The Food Service division of the Israeli Health Ministry ordered the affected products immediately be taken off the shelves.

Hebrew U Startup’s Viroblock Effective Against Covid Variants, Influenza, Zika, West Nile, Hepatitis

ViroBlock’s new technology platform demonstrated the potential to rapidly provide solutions for treating current and emerging viral threats.

Israel, Boeing Ink Civil Aviation Cyber Defense Deal

The agreement is part of a strategic plan of the Array and the Civil Aviation Authority (RTA) to promote cyber defense capabilities in civil aviation.

Bank of Israel to Raise Interest Rate to 1.25 percent

Inflation in Israel is above the upper bound of the target range, at 4.1 percent over the past 12 months. The Bank of Israel predicts the GDP will grow by 5 percent in 2022 and by 3.5 percent in 2023.

NY Gov. Hochul Signs Law Restoring Business Access to Low-Cost Workers’ Compensation Coverage

The new law gives more than 3,700 New York businesses with an unpaid balance the opportunity to return to NY State Insurance Fund coverage.

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