Foreign Suppliers Renege on Ventilating Machine Orders to Israel: ‘It’s a World War’

The fierce competition and the accelerated rate of doing business this way often don't allow for an orderly and detailed inspection of the quality of purchased items.

Israel Flies In 1 Million Portuguese Eggs to Alleviate Pre-Holiday Shortage

"Demand is higher than on any other Passover I remember, and the amount of eggs we marketed in the last month is significantly higher than our normal market share."

Israel’s Government Taxes the Max on Gasoline, in Top Ten Worldwide

Israel is in first place for the highest taxes on gasoline in the world.

Forced to Shut Down his Resorts, Sheldon Adelson Continues to Pay his 10,000 Employees

Adelson also purchased 2 million medical masks which he is donating to first responders and medical workers who are in the frontlines against the coronavirus pandemic.

Israel Successfully Raises $5 Billion in Largest Bond Issue Ever

Bank of America Securities, Barclays Bank, Goldman Sachs, and Citibank acted as underwriters for the issue.

How the CARES Stimulus Act Can Financially Help You and Your Business

Watch (and read) an important webinar titled Navigating Regulatory Changes, covering the latest “CARES” stimulus act as well as other relief initiatives and how they affect you, your business or organization.

UJA Giving Another $11 Million to Remedy Coronavirus Damage

Monday's announcement of additional funding came after UJA had pledged more than $23 million in immediate aid last week.

FDA Green-Lights Israeli-US Drug for COVID-19 Treatment Trial

The drug (Aviptadil) to be tried already has a 20-year history of safe use in human beings.

EL AL Stops All Flights Beginning Thursday Night

EL AL will continue to operate “rescue flights” to retrieve stranded Israelis, in addition to the ongoing cargo flights.

For Americans in Israel: Update of Tax Related Matters in the Age of Coronavirus

All tax returns and tax payments for 2019 and estimated tax payments for 2020 otherwise due initially April 15 will not be due before July 15.

Religious Kibbutzniks Rally to Save Unmarketable Flowers Amid Coronavirus Crisis

Setting up an ad hoc distribution center, the Kibbutz elders sorted the flowers and the youth set up a circulation point, all working 18 hours a day to save the flowers.

What’s In It for You: the Senate Coronavirus Response Bill

The proposed recovery rebates will use 2019 tax returns (2018 if the taxpayer has not filed in 2019) to determine the advanced rebate amount and reconcile the rebate based on 2020 income.

Virtually Every Pesach Program Now Closed

Pesach programs are now taking calls from customers who want a refund, and getting one is not always simple.

MDA, TAU, Ichilov Hospital Receive $3M Injection of Funds for COVID-19 Response

“In the face of global threats like this, science, technology and innovation are our best hopes. Israel is a leader in those fields."

Teva Donating 6 Million Hydroxychloroquine Sulfate Tablets to US Hospitals to Fight Coronavirus

The Company is also reviewing supply of both hydroxychloroquine and chloroquine globally to determine whether there are additional supply and access opportunities for patients.

NYSE Moves to All-Electronic Trading – Temporarily So Far

The market, however, is not closing, NYSE emphasized, and trading remains open.

US Closes Border with Canada to Non-Essential Traffic

"We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. Trade will not be affected."

Coronavirus Unleashes Panic In Brooklyn Supermarkets

When the butcher came, people lunged at him and began grabbing meat off his tray.

Amazon Seeking to Hire 100K Workers to Handle Surge in Online Business

“We are working around the clock to increase capacity,” Amazon said.

Netanyahu Announces ‘Economic Safety Net’ as Israel’s Public Sector Put on ‘Emergency Footing’;

Up to 80 percent of Israel’s public-sector workers and 70 percent of its private-sector office workers to go on leave until after Passover.

Dow Drops Nearly 3,000 Points, Deepest Dive Since 1987

Last Friday, the Dow leaped back from the brink to rise 1,985 points after its previous drop.

Israeli Banks Announce Mortgage Deferrals in Response to Coronavirus Crisis

All the major banks are offering generous deferrals on mortgage payments to help them get through this difficult period.

Jewish Agency to Assist Italian Jews Facing Coronavirus Pandemic

President of Italy’s Jewish community: this is the worst crisis we’ve endured since WWII.

Israel Allocates NIS 10 B. to Head Off Corona-Generated Financial Crisis

The government announced Sunday that anyone arriving in Israel from abroad will have to self-quarantine, and only foreigners who can prove they have a place to self-quarantine will be admitted into the country.

Report: El Al to Lay Off 80% of Employees Until the End of June

The total number of laid off employees will depend on the number of flights the company will be operating, which currently stands at about four daily flights, based on demand.

Japanese Company Developing COVID-19 Treatment Using Recovered Patients’ Plasma

TAK-888 is a drug harvested from the blood plasma of recovered COVID-19 patients, to collect the antibodies.

Israir, Arkia Suspend International Flights

The move follows a decision by Israel to impose a 14-day home quarantine on every person arriving in the Jewish State.

Lebanon’s Government Votes to Default on $1.2B Debt

It’s the first time Lebanon has defaulted on its sovereign debt. The vote was unanimous.

Israel Sets Economic Plan to Deal with Coronavirus

The Finance Minister will establish an "emergency cash flow assistance fund" for businesses essential to the functioning of the economy.

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