Category: Business

Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year. Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung and Apple curbed sales in the country over the war […]

A new desalination plant is ready to start operating, Israel National Water Company Mekorot announced on Tuesday. Mekorot marked the completion of all the necessary work to connect the new facility in Sorek to the country’s water system in a ceremony earlier in the day. The new plant, the sixth in Israel, will increase the […]

Ben and Tom Bublil finished among the top ten in an international design competition for the new Airbus cargo plane. “We managed to stay original and do something that has never been done before. We are very proud”, said the brothers 26-year-old Ben Bublil and his brother 22-year-old Tom finished among the top ten out […]

On Monday’s World Day against Child Labour, the International Labour Organization (ILO) shared these staggering numbers as a reminder of the urgent need to end this practice. ILO’s Director-General Gilbert Houngbo said that for the first time in 20 years, child labour is on the rise. “Child labour rarely happens because parents are bad, or […]

The UAE and Israel will look to expand mutual investment and manufacturing under a deal signed on Wednesday between the Ras Al Khaimah Economic Zone (RAKEZ) and the Israeli Manufacturers Association (IMA), the WAM state news agency reported. The Memorandum of Understanding (MoU) calls for the two sides to collaborate to create investment opportunities and […]

Russia confirmed that for 60 days it would continue to be a part of the Initiative and the complementary Memorandum of Understanding on food and fertilizer exports from Moscow, in late May – but the deal in effect expires on 17 July. The UN brokered the deal guaranteeing safe passage for grain cargo ships, along […]

L’Oréal Paris executives have launched a new facial-care series, Revitalift Clinical, with the flagship ingredient vitamin C. Executives present at the launch in Tel Aviv on Tuesday included Ilan Nacasch, director of the Consumer Products Division at L’Oréal Israel; Shai Katz, director of the Brand’s Facial Care Category; and Netta Kretso Neiger, director of communications […]

ChatGPT‘s creator OpenAI plans to invest significant resources and create a new research team that will seek to ensure its artificial intelligence remains safe for humans – eventually using AI to supervise itself, it said on Wednesday. “The vast power of superintelligence could … lead to the disempowerment of humanity or even human extinction,” OpenAI […]

The Food and Agriculture Organization (FAO) and the World Food Programme (WFP) have designed a new joint programme for smallholder farmers and rural families most affected by the conflict. The goal is to clear farmland impacted by the fighting of mines and other explosive remnants of war, safely allowing it to produce crops once again.  […]

Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter’s lawyer Alex Spiro. Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk’s Twitter by leveraging Instagram’s billions of […]