Category: Business

1.97 million tourists entered Israel in the first half of 2023, still 13% lower than the peak in 2019 before the coronavirus pandemic, according to new data from the Tourism Ministry. The total revenue from foreign tourism in the first half of 2023 is estimated at NIS 11.7 billion, compared to NIS 5.4 billion in […]

Renewables and energy industry leader Iberdrola is back for another startup challenge! This time, Iberdrola seeks innovative ways to monitor underground cables across its vast electricity network. The Iberdrola Underground Cable Monitoring Startup Challenge invites startups and emerging companies to apply and offers exciting benefits for the winner(s). Iberdrola operates more than 400,000 Transformer Centers […]

With Twitter already on the ropes, Meta’s Mark Zuckerberg delivered another blow to Elon Musk on Wednesday, ramping up the tech billionaires’ rivalry with the launch of Instagram’s much-anticipated companion service Threads, a challenger to Twitter. “Let’s do this. Welcome to Threads,” Zuckerberg wrote in his first post on the app, along with a fire […]

He stressed that AI must benefit everyone, including the third of humanity who are still offline, and insisted on the need to urgently find consensus on what the guiding norms for AI deployment should be. The UN chief was speaking at the “AI for Good” summit organized in Geneva by the International Telecommunication Union (ITU), […]

World stocks fell for a third straight day, as strong US jobs data bolstered bets on another US interest rate hike this month and tit-for-tat trade salvoes between China and the United States also dampened sentiment. Traders watched the traditional driver of global borrowing costs, the 10-year US Treasury yield US10YT=RR, climb to a fresh […]

According to a new UNCTAD report, developing countries actually face a staggering $4 trillion gap in sustainable development investments. UNCTAD Secretary-General Rebeca Grynspan said that a “significant increase” in material support for renewable energy in developing countries is “crucial” for the world to reach its climate goals by 2030. Poorer countries left behind While investment in […]

The average monthly gross salary of employees in Israel rose by 5.3% in May 2023 to NIS 12,009, compared with May 2022, the Central Bureau of Statistics reports. Almost the entire rise was eroded by inflation, which was 4.6% over the 12-month period.  The average monthly gross salary in May fell from NIS 12,622 in […]

Demand for international air travel in Israel is back to at least the same level as before the pandemic, and this trend is being seen across the world too, a senior Boeing executive said in a review of the current state of the global civil aviation industry during a visit to Tel Aviv last week. […]

A majority of Americans (66%) view tipping negatively, with Gen Z and men tending to tip the least out of anyone, according to a survey released on Thursday from financial services firm Bankrate. The survey also found that tipping has gone down sharply in recent years, though older demographics and women are more likely to […]

Customers of all ages and income levels stream through the inviting red doors of Haboydem (The Attic) secondhand store on Rivlin Street off Jaffa Road seeking bargains on new and like-new clothing displayed in a cheerfully renovated former pub. These customers are not just saving money and taking a stand against the highly polluting fast-fashion […]