Economy

Fox CEO Harel Wiesel sold shares worth 1.04 million shekels, retaining a 6.47% stake valued at 304 million shekels. Meanwhile, Golf CEO Eyal Greenberg made a minor purchase of 54 shares.

Arkia has cancelled its planned direct flights from Ben Gurion Airport to Ho Chi Minh City due to low demand, while doubling Hanoi flights and launching a new Manila route.

FedEx Express has appointed Avishay Gazit as Managing Director for Israel, Greece, and Cyprus, succeeding Miriam Tzur after a distinguished career.

Altshuler Shaham, managing 160 billion shekels, is being acquired by Wobi and Yair Lewinstein. The iconic brand will disappear, but savers' funds remain secure.

Airoergy has signed a proposal to acquire 100% of the 7.84 MW FLUX wind farm in Poland for approximately 13.5 million euros, marking its expansion into wind energy.

Asian street food chain Asiatico is investing 2 million NIS in rebranding and plans to open 6 new franchise branches, aiming for 10 locations nationwide by 2027.

A contact lens recall in New Zealand and Australia triggered a 10% drop in SHEIN shares on the Hong Kong Stock Exchange amid mounting financial losses and regulatory hurdles.

Air Baltic has filed for Chapter 11 bankruptcy protection in New York due to soaring jet fuel prices driven by the Iran conflict, securing a 350 million euro financing deal while flights continue as scheduled.

The Fattal Hotel Group has launched its second hotel in Athens, the Leonardo Hotel Athens City Center, bringing its active properties in Greece to five as part of a broader European expansion.

Tamira Yardeni, founder of Teddy Productions, transfers control of the iconic 55-year-old content firm to long-time executives Yoav Tzafir and Meital Cohen, opting against external sale offers.

Bituach Yashir is offering a 200 shekels gift card to customers joining comprehensive car insurance via AI engines like ChatGPT and Gemini, following a successful Q2 2026 with 117 million shekels in profit.

The Tex-Mex chain Rapidos, part of the BBB Group, opened its first Eilat branch with a 1 million NIS investment, expanding its nationwide footprint to 7 locations.

Israeli entrepreneur Liran Weitzman sold a stake in his Sircle hotel management company to India's PRISM for 150 million euro, valuing his European operations at up to 300 million euro.

The deal to sell credit card company CAL is on the verge of collapse after the Israel Competition Authority and the buyers failed to reach a regulatory agreement regarding potential conflicts of interest involving Super-Pharm.

Apollo Global Management is in advanced talks to acquire Johnson & Johnson's orthopedics division in a mega-deal potentially exceeding $20 billion.

Altshuler Shaham Finance founders are advancing a 1 billion NIS deal to sell their controlling stake at a 1.8 billion NIS valuation, with CEO Yair Levinstein joining as a minority partner.

Nike faces a severe financial and cultural slump, with its market cap dropping by over $200 billion. Amid rising competition from brands like On Cloud and Adidas, new CEO Elliott Hill aims to restore the sportswear giant's roots.

Tesla has reclaimed over half of the US electric vehicle market, holding a 52% share in August 2026 as legacy automakers pull back from battery-powered vehicle production amid an industry-wide slowdown.

British fintech Revolut confirmed a data breach exposing sensitive customer information after falling victim to a phishing scheme using a fake government email domain. The company is preparing for its upcoming entry into the Israeli banking market.

The Reserve Bank of India rejected Tata Sons' request to avoid an IPO, bringing the Indian conglomerate closer to a historic public market listing valued over $120 billion.

Oracle founder Larry Ellison canceled a plan to sell 50 million shares worth $7.5 billion. The move comes as the software giant aggressively expands its AI infrastructure.

Warren Buffett's 2016 acquisition of Precision Castparts for $37.2 billion is now valued at approximately $100 billion amid surging demand for aerospace and AI data center power components.

Santos transformed its squad by adding Neymar, Coutinho, and Arthur Melo after NR Sports cleared a FIFA transfer ban in exchange for kit advertising rights.

The UAE plans a 40 billion euro investment in Germany focusing on AI and data centers, strengthening economic and technological ties between the two nations.

Google Israel CEO Barak Regev discusses industry shifts, the record $32 billion Wiz acquisition, and local talent in a recent interview.

Eyal Ofer leads Israel's billionaire list with $35.4 billion, followed closely by Miriam Adelson and Idan Ofer as the top financial figures wrap up the year.

Israeli businessman Rami Levy plans to expand his retail empire into the electricity sector and establish a digital bank to foster competition and lower consumer prices.

Bank Leumi has launched a five-language mobile app supporting Hebrew, English, Arabic, Russian, and French, accompanied by a new advertising campaign starring Gal Toren.

The historic Abulafia bakery chain is expanding its footprint with a third new branch opening in 2026 on Dizengoff Street in Tel Aviv, marking a rapid milestone for the brand.

UNCTAD warns that disruptions in the Strait of Hormuz and soaring oil prices threaten millions of small businesses globally, risking permanent exclusion from supply chains.

Israeli entrepreneur Pnina Rosenblum is expanding her business empire into green energy, launching a new solar and electricity-saving company alongside her lifestyle brands.

Cognite reported Q2 2027 revenue of $109.2 million, up 12% year-over-year, driven by a 21% surge in software sales. Adjusted EBITDA grew 35.7% to $14.9 million.

American Eagle shares plunged 11% after issuing a flat margin forecast and offering heavy discounts to clear excess inventory as consumer preferences shifted.

Tech giants Oracle and Adobe beat analyst expectations in their latest earnings reports. Oracle surged 6% on strong AI infrastructure demand, while Adobe slipped amid shifting market sentiment and an upcoming leadership transition.

Rani Zim Shopping Centers has opened Zim Urban Ono Valley in Or Yehuda, a 17,500-sqm open-air complex valued at 330 million NIS featuring 80 stores and restaurants.

The investor group led by Phoenix, Mor, and Gil Sharon signed an MOU to acquire the remaining 30% of IBC from the Israel Electric Corporation for approximately 370 million shekels, securing 100% ownership.

Tal Harel Mattityahu has been appointed Deputy Supervisor of Banks and Head of the Banking Consumer Division at the Bank of Israel, bringing 24 years of experience.

Despite British sanctions and political tensions, an Israeli delegation led by Roee Fisher opened trading at the London Stock Exchange for Israel Innovation Day 2026, highlighting robust bilateral trade exceeding 6 billion pounds.

A fierce battle is reshaping Israel's aviation credit card market as Isracard secures dominance with FlyCard and Super Fly, challenging rivals Cal and Max.

Israeli tech firm Turbogen has partnered with former NYC Mayor Eric Adams to drive its expansion in North America, leveraging his expertise to boost energy resilience solutions.