Category: Business

Contract chipmaker Tower Semiconductor topped second-quarter revenue estimates on Wednesday on the back of solid demand from the automotive industry, sending its US-listed shares up 12.7%. The company – which caters to “fabless” firms that design chips but outsource manufacturing – is set to be bought by Intel under a $5.4 billion deal that was […]

It seems that every year, artificial intelligence and robots are taking over more occupations – from hotel personnel; assembly-line and factory workers; bus, truck and taxi drivers; and phone operators to telemarketers; receptionists; cashiers; pharmacists; pilots; proofreaders; barmen; and journalists.  Will the day come when rabbis – and other clergymen – are replaced by robots? […]

A UN-backed operation to prevent a catastrophic oil spill off the coast of Yemen began pumping oil from a decaying ship this week. According to the United Nations Resident and Humanitarian Coordinator in Yemen, David Gressly, the movement of oil off the FSO Safer has started. The Safer is anchored off Yemen and for the […]

Vietnam and Israel signed a free trade agreement on Tuesday, predicting it would quickly boost annual bilateral trade by nearly 50%. The agreement was signed in Israel between the two country‘s trade ministers after seven years of negotiations, Vietnam’s Ministry of Industry and Trade said in a statement. The agreement is expected to soon bring […]

The casino company controlled by Jewish megadonor Miriam Adelson is paying its shareholders dividends again, potentially paving the way to a rebound for the family’s foundation.  The Adelson Family Foundation — founded by Adelson and her late husband, Sheldon Adelson — has been a prolific giver to Jewish organizations, including Birthright Israel. The couple was […]

The Israel-US Binational Industrial R&D Foundation (BIRD) has approved $8 million in funding for nine innovative projects between US and Israeli companies in various technological sectors. The total investment in these projects, including private-sector funding, amounts to $23 million. The approved projects cover areas such as Agrotech, Biotech, Electronics, Foodtech, Medical Devices, and Quantum Technology. […]

Many Israeli high school students go to Poland for one week during their junior year to see the various concentration camps.  Yet, despite their importance, controversy surrounds these trips as it’s natural for teens to joke around when they’re away from the camps. Another issue people raise is the question of if money should be […]

People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators. Founded by Sam Altman, the CEO of ChatGPT developer OpenAI, the Worldcoin project says it aims to create a new “identity and financial network” and […]

Aman Group is one of Israel’s leading IT companies, having generated over NIS 810 million in revenue this year. The company is a member of Israel’s Business Forum, and as such was a participant in the nationwide corporate strike on Monday, when the country’s top 150 companies ceased to work in protest of the Knesset […]

After 17 years with an iconic blue bird that came to symbolize the broadcasting of ideas to the world, billionaire Elon Musk renamed Twitter as X and unveiled a new logo, marking a focus on building an “everything app.” On Monday, a stylized white X on a black background became the new logo on Twitter’s […]