Category: Business

Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not plan a full takeover for Britain’s biggest telecoms group. The Franco-Israeli entrepreneur has since 2021 been adding to a position in Britain’s 175-year-old former monopoly BT, betting that its $20 billion investment in a new national fibre network […]

Israel is set to host dozens of science ministers from around the world this year to celebrate 75 years of Israeli innovation, Science and Innovation Minister Ofir Akunis said on Sunday. Akunis welcomed 23 ministers to Jerusalem in his previous term in the role five years ago for a science policy conference and to mark […]

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 […]