Economy

The Israeli actress is set to complete a significant business deal as Italian pasta giant Barilla signs an agreement to acquire Goodles, the mac and cheese brand she co-founded. While deal terms remain undisclosed, the company was valued at $88 million in 2023.

A bankruptcy hearing for contractor Gilad Rubinsky turned into a confrontation with dozens of angry customers and former employees. Allegations suggest that funds collected for unperformed work were spent on gambling.

Paz is selling its entire 4.9% stake in the Ashdod Oil Refinery for approximately 75 million shekels. The sale is being conducted through the brokerage firm Leader amid a surge in trading volume.

A photographer has filed a lawsuit against the fashion house Comme il Faut over the unauthorized use of his photos in an AI-generated campaign. The plaintiff is seeking 100,000 shekels in damages.

Ahead of the autumn holidays and against the backdrop of shrinking wallets, major shopping centers are abandoning familiar discount percentages and moving to distributing useful kitchen and home products worth hundreds of shekels.

A new survey reveals the shopping habits of Israelis ahead of Rosh Hashanah: who is at the top of the gift recipient list, what do Israelis love to buy most for the holiday, and what would they do with a 2,500 shekel win? Simultaneously, Azrieli Malls are launching a holiday promotion with a benefit for shoppers and a daily raffle.

The channel's management team continues to expand with the addition of a senior executive with two decades of rich experience in the worlds of media, high-tech, and gaming, who will lead business development and growth.

Even before factoring in delivery fees, service charges, and courier tips, product prices on Wolt are significantly higher than market rates. C14's daily monitoring highlights the price gaps between quick-delivery services and major retail chains, illustrating the true cost of convenience.

After decades, the Ministry of Defense is changing its compensation system: employees will receive fixed salary increases, excellence bonuses, and new incentives, with some of the additions also being recognized for pension purposes.

Ahead of the autumn holidays and against the backdrop of shrinking wallets, major shopping centers are abandoning familiar percentage discounts and moving to distributing useful kitchen and home products worth hundreds of shekels.

The new agreement introduces fixed salary additions recognized for pension purposes, non-absence incentives, and excellence grants for eligible staff. The Ministry of Defense Director General stated that the ministry is transitioning to a stable and modern model, replacing fragile premiums with solid, pension-protected salary components.

The crisis at Tomer Mazon is deepening as the board meeting is postponed to September 17. Stock trading remains suspended amid accounting irregularities and high-profile resignations.

Nvidia has officially announced its intention to acquire the AI platform Hugging Face for $12.9 billion. The move represents the chipmaker's strategic shift beyond focusing solely on hardware.

The city will expand north and south to accommodate thousands of new families. The agreement was signed following the completion of the marketing of nearly 3,000 apartments in two new neighborhoods last August.

The food chain is launching a move to lower the shopping basket cost and is offering discounts on dairy products, coffee, meat, and beer. These are the special prices that will await consumers at the branches, and these are the selected products.

Guy Nathan, who manages a hedge fund and has tens of thousands of followers, is launching a new and intriguing technological product that will attempt to change the way Israelis manage and understand their money and investments.

The airline is collaborating with the Enosh association to mark International Mental Health Day. As part of the initiative, flight crews are distributing special postcards and encouraging passengers at an altitude of 30,000 feet to reach out to their loved ones.

The chip manufacturer officially announces the acquisition of Hugging Face, one of the world's most important platforms for the distribution and development of artificial intelligence models. The company promises that it will remain open to models and hardware from competitors as well.

Rosh Hashanah is just around the corner, and with it comes one of the biggest shopping trips of the year. The list grows longer, the cart fills up with products not bought every week, and the total at the checkout can rise quickly. Precisely during this period, when holiday expenses are added to regular shopping, it is worth stopping for a moment before heading to the supermarket and checking what...

A new study by the State Comptroller casts doubt on the assertion that Israel is one of the most expensive countries in the world. Among other things, the researchers found that the international price index pointed to Israel's disadvantage in the field of food prices, even though the OECD recorded an increase 3 times higher.

Moshe Davi enters the PR system of retail chains in Israel for the first time, as Davi Communications will manage the public relations system of the Carrefour chain in Israel. This is the first significant move by the incoming CEO, Inbal Harson.

Money market funds yielded about 4% in the last year; the expected forward yield is about 3.25%. How to choose between funds, why it is important to check management fees, and what is better - a money market fund or a shekel deposit?

Palo Alto has acquired the startup Console for an estimated $500 million, without disclosing the deal's value. It has emerged that Palo Alto CEO Nikesh Arora was among the startup's early investors.

Central Bureau of Statistics data indicate a 2.2% increase in credit card purchases, alongside a jump in spending on transportation, clothing, and government services, and a decline in leisure and food.

Hagag Europe reports the sale of hundreds of housing units in Romania within just five months and estimates that the gross profit from the next stages will reach an unprecedented amount.

Families who purchased apartments in a project in the settlement of Tekoa in Gush Etzion, and expected to move into their homes by the summer of 2024, were forced to wait about a year and a half, and sometimes two additional years, until their apartment was delivered to them.

Admissions committees that reject candidates without explanation, limit who is allowed to live in an apartment, and sometimes cost celebrities millions of dollars, have driven many stars away from traditional co-op buildings in the Big Apple. In their place, condo buildings with underground parking and coded elevators have taken center stage, allowing residents to get from their car to their...

The average salary for an Israeli employee in July was 14,561 shekels - an increase of 499 shekels from July of last year. This is according to preliminary estimates published by the Central Bureau of Statistics. The updated average salary for June was 15,218 shekels. The average salary for an employee in high-tech: 36,584 shekels.

Enterprise software giant ServiceNow is expanding its AI and metadata management capabilities with the acquisition of Israeli startup Sweep. Sources indicate the deal is valued at approximately $400 million.

The online game that has captivated hundreds of thousands of Israelis in just two weeks is generating huge cloud costs and threatening to crash, but now a first and exclusive commercial partnership has been revealed that may save the situation.

Rotem Sela launched a new dietary supplement brand with a stunning presentation, but customers who searched for it on Google could not find the site and encountered a list of failures on the official page.

Former basketball player and venture capitalist Omri Casspi has completed a $250 million raise for his third fund. The total volume of assets under management at Swish Ventures has reached $800 million.

The new fund of the former NBA player will invest in about 12 startups in the fields of cyber, AI, and defense. Following the raise, the assets under management of Swish grow to about $800 million.

Bank Leumi is expanding its service revolution and launching its banking application in five languages: Hebrew, English, Arabic, Russian, and French. Customers will be able to perform a variety of advanced operations in their preferred language.

Tal Shapira and Matan Bar-Nir, currently members of the firm's management forum, will be appointed as partners and will be responsible for managing work teams; leading complex communication systems for strategic clients; and formulating training, enrichment workshops, and mentoring and growth programs. Orenstein and Hoshen: "We are proud to promote excellent professionals who have become full...

The mutual attacks between the USA and Iran and the threats in the Strait of Hormuz have created a high risk premium, but energy experts warn that the mood in the markets is too optimistic and point to a new direction.

Strauss, through its joint venture 3corações, has finalized the acquisition of Brazilian food producer Yoki. The final transaction value reached 642 million reals, 20% lower than the initial estimate.

Broadcom demonstrates fantastic growth, establishing itself as a key beneficiary of the AI revolution through strategic collaborations. Despite temporary stock price volatility, massive profit forecasts make it a compelling investment.

GEELY updates its local model lineup: the E5 crossover will be marketed with an enlarged battery and a range of 475 km with no change in price, and a new trim level for the Starray will improve electric range. All the details.

Leading figures in the Israeli retail sector have launched a first-of-its-kind bachelor's degree program that combines academic studies with practical internships to train the next generation of industry managers.