Economy

The owners of the Omnis Pleasants company have filed for Chapter 11 bankruptcy protection in a Delaware court following a severe financial collapse, with debts exceeding $70 million.

The Small and Medium Business Agency has launched a 9 million shekel grant program, through which the state will fund 35% of investments in computerization, digitization, automation, and artificial intelligence. The program is intended for businesses with a turnover of up to 100 million shekels in the trade, services, and industry sectors.

The veteran battery company Varta has filed for bankruptcy, partly due to the cancellation of a major contract with Apple. Conversely, Chinese chip manufacturer CXMT surged 500% on its first day of trading on the Shanghai Stock Exchange. The story of these two firms highlights the contrast between Germany's declining economy and China's rapid growth.

Despite the high cost of living, Israelis have not stopped using their credit cards. Data from the Central Bureau of Statistics published on Wednesday shows that between April and June 2026, credit card expenditures rose by 5.7% compared to the same period, indicating that private consumption continues to grow, albeit at a more moderate pace than earlier this year.

The business of sports giant Nike in China is in a deep crisis. Although the sportswear market in the country has grown by 51% over the last five years, the company's sales in the region have fallen for eight consecutive quarters. Since 2021, Nike's business in China has shrunk by 30%, and its annual revenue has reached an eight-year low.

A Bank of Israel study reveals that overly lenient bankruptcy laws lead to credit contraction and higher interest rates. Banks react more severely and for a longer period than the temporary spike in insolvency filings.

The rally in the local stock market pushed assets under management in the investment portfolio sector to 493 billion shekels in 2025, an increase of 18.5% compared to 2024. This emerges from a review by the Israel Securities Authority.

Austin Franco, a student at Cornell University, rejected a job offer due to the manager's identity and is now complaining that he cannot find work, claiming the Jewish community 'overreacted.' British journalist Piers Morgan confronted him on live television.

The Histadrut and the Ministry of Finance have signed a six-year collective agreement for Israel Fire and Rescue Services employees. The deal includes salary increases of thousands of shekels, bonuses, improved retirement terms, and disability insurance coverage.

In honor of the peak tourist season, the chain is offering special promotions on the luggage collection of the international fashion brand, including advanced models with USB connections and dedicated compartments for laptops at surprising prices.

The well-known breakfast chain is opening its first restaurant in Rishon LeZion, which will combine a fresh bakery, Grab & Go confectionery products, and a housewares complex, as a basis for a broad expansion move across the entire chain.

Attorney Yair Traibish, specializing in medical rights, shares several recent rulings regarding his clients' cases. From full disability status to the recognition of mental trauma, here are the latest updates on benefit approvals.

Teva reported $4.1 billion in revenue, exceeding analyst forecasts. Net profit was 2 cents per share versus the expected 11 cents, due to Emalex acquisition costs. The company raised its annual revenue guidance, and shares are up over 4% in Tel Aviv.

The digital insurance company exceeded top-line expectations, while net loss remained steady year-over-year. Lemonade reaffirmed its path to positive adjusted EBITDA by Q4 and announced a CFO transition. Shares are down over 10% in pre-market trading.

Since July 2024, fewer than 1,000 foreign workers for the renovation industry have arrived in Israel via the bilateral route, out of a quota of 5,000. Now, the Population and Immigration Authority is approving a temporary procedure that will allow for rapid bringing, directly and not through the existing route. The entry of workers to Israel via this route will be possible only until the beginning...

Market conditions have made variable-rate loans taken during the zero-interest era significantly more expensive than current bank offerings. A proper diagnosis of your mortgage portfolio, willingness to pursue partial refinancing, and discarding myths about 'already paid interest' can save a fortune. Here is how to determine when refinancing is truly recommended.

Nofar Energy is acquiring a stake in the yet-to-be-built power plant from Phoenix and private owners. The deal includes an option to purchase the entire station should regulators require it.

Just a week after becoming a stakeholder in Ofer Nimrodi's Hachsharat HaYishuv, Morris Vilner has purchased an additional 10 million shekels in shares, continuing to expand his real estate portfolio despite current market stagnation.

Terminal X, the fashion site of the Fox Group, continues its expansion strategy by acquiring 51% of the Sde Bar chain. This marks the company's first entry into the modest fashion segment.

To receive recognition from the National Insurance Institute, an employee must prove that an unusual event occurred at the workplace. An attorney explains the recommended course of action.

Cognyte, an AI and big data security firm, has signed a $15 million contract expansion with an Asian military intelligence agency. The deal focuses on enhancing border security and integrating real-time command and control systems.

Minister of Justice Yariv Levin has extended a temporary order protecting reservists and their spouses from debt enforcement proceedings. The relief period is now effective until February 28, 2027.

The Sderot-based company recorded record revenues of $33.8 million and 50% organic growth, but the bottom line flipped to a $1.1 million loss. What is really behind the red figure?

Globes has learned that David Anolik, CEO of the strategic consulting firm Gitam, will be appointed CEO of Israel Bidur, a leading Israeli media group. The company recently received investment from the Marriott fund, led by Waze founders, including Asaf Rappaport.

Partner will provide the communications infrastructure for the Gush Dan congestion pricing project. The company expects to generate up to 100 million shekels in revenue over the two-decade operational period.

State-owned defense company Tomer is preparing to list on the stock exchange within two years. The company is currently working on issuing bonds and transitioning into a reporting entity.

The Israeli Ministry of Economy has terminated its anti-dumping investigation into medical cannabis imports from Canada. The decision follows a procedural failure to notify Canadian authorities, as required by international trade regulations.

The development and construction company S. Baruch, owned by Arik Baruch and managed by his wife, has completed the institutional stage of a bond issuance, raising 58 million shekels with demand totaling 100 million shekels.

SpaceX stock has lost half its value since its peak, despite an impressive technological success in space. Two dates in early August could add pressure, and the lesson behind the story also concerns savers in Israel.

Who dominates the urban renewal market? The new Duns 100 ranking by Dun & Bradstreet identifies the leading Israeli development companies in the 'pinui-binui' sector for 2026.

The Wall Street chip index has shed a quarter of its value in a month and a half. Concerns about Chinese technology, rising AI costs, and cash flow issues are mounting. However, investment managers remain optimistic, calling it a "natural correction" and emphasizing that the AI revolution is just beginning.

In the first half of 2026, the number of land tenders published by the ILA dropped by 63% year-on-year. Data shows that 44.4% of tenders ended without a winner.

Alexandra Lukash is leaving ynet after 15 years to anchor news on Channel 16, joined by former News 13 correspondent Rotem Golan.

After beating the Keystone offer, Generation will acquire the energy activity of Shikun & Binui in a deal of up to 4.5 billion shekels, a deal that will significantly strengthen its position in the electricity market.

Many investors expect corporate bonds to yield a significant excess return over government bonds. However, is the current risk premium justified given the global rise in yields to maturity and persistent economic threats?

The income-producing real estate company saw an increase in rent and management fees during the second quarter of 2026. Ahead of the project's completion, Gav-Yam has revalued its 50% stake in the ToHa2 tower at 1.9 billion shekels.

A stormy discussion in the Knesset Finance Committee revealed the scale of temporary management expenses, while refunds to members remain stagnant. MKs refused to approve an additional 13 million shekels in state funding, demanding greater transparency.

Bank Hapoalim and the board of directors of Peilim Portfolio Management have approved the appointment of Eyal Reuven (48) as the company's CEO. He succeeds Avishai Kruani, who recently announced his departure.

The summer vacation is far from over, but for many parents, the race for the school year has already begun. Instead of waiting for the last days of August, when stores are crowded and shelves start to empty, more and more families are choosing to do their back-to-school shopping early. The goal is twofold: to avoid the last-minute pressure and to spread the expense over several weeks, during a...

Gav-Yam released its Q2 2026 financial results, reporting an NOI of 208 million shekels and a 97% occupancy rate. CEO Natalie Mishan-Zakai highlighted the company's resilience in a challenging market and its progress toward three-year growth targets.