Category: Business

Economy Minister Nir Barkat has taken the unprecedented step of demanding 15 giant food companies disclose their financial statements within 21 days, including itemized production costs and profit figures on Sunday. Dr. Jonathan Bezalel, head supervisor of prices at the Economy Ministry sent letters demanding that the largest manufacturers and importers, in which he demands […]

Bazan Group, the largest refining and petrochemical complex in Israel, announced on Sunday the publication of its financial results for the first quarter of 2023. Moshe Kaplinsky, Chairman of the Bazan Group: “The record results of the Bazan Group in the first quarter of the year amounted to a neutralized EBITDA of $287 million in […]

Ofer Ramat Aviv Mall, part of the Ofer Malls Group owned by Melisron, has recently completed the first phase of its renovation process to upgrade the mall’s visibility, with a total investment of approximately NIS 40 million.  Among the works performed were the replacement of flooring, ceiling, railings and other systems. Also, changes were made […]

The majority of American Twitter users who have used the application within the last 12 months have taken a break from the site, according to new data from the Pew Research Center.  The data was analyzed by researchers in an effort to understand the changing utilization of Twitter since Elon Musk’s takeover in April 2022. […]

Disposable diapers manufactured from wood pulp, cotton, viscose rayon, and plastics such as polyester, polyethylene and polypropylene make a major “contribution” to garbage around the world that has to be burnt or buried in landfill. In Israel, with its high birthrate, dirty diapers form mountains in garbage dumps.  What can be done about them polluting […]

That’s the message from UN chief António Guterres ahead of World Telecommunication and Information Society Day on Thursday. Mr. Guterres insisted on the need to confront technology’s perils, including the amplification of economic inequalities, the proliferation of hate speech and disinformation, as well as the lack of governance and unchecked development of artificial intelligence, or […]

The contraction of the Disney Plus subscriber portfolio was mainly due to an 8 percent drop in India. Subscribers to Disney Plus fell for the second straight quarter, the company said on Wednesday, though it stemmed financial losses as it competes with Netflix for viewers. Analysts had foreseen an increase in subscribers for the period, […]

An Amazon logo appears on a delivery van, Oct. 1, 2020, in Boston. Officials in a remote northeastern Oregon county voted Wednesday, May 10, 2023, to give tax breaks worth an estimated $1 billion to Amazon for five more data centers there. Credit: AP Photo/Steven Senne, File Officials in a remote northeastern Oregon county have […]

Credit: Pixabay/CC0 Public Domain Italy’s antitrust regulator said Thursday it has opened an investigation into tech giant Apple for allegedly abusing a dominant position in the app market. At issue is Apple’s App Tracking Transparency policy that compels third party developers to secure an opt-in from iPhone users to track their usage for advertising and […]

Foxconn is the world’s biggest contract electronics manufacturer and assembles gadgets for many international brands. Profits for Taiwanese tech giant and key Apple supplier Foxconn fell 56 percent in the first quarter, it announced Thursday, a plunge blamed on weakened demand due to a global downturn. Foxconn—also known by its official name Hon Hai Precision […]