Calcalist

Goldman Sachs will pay a former employee $1.963 million in compensation after an English court ruled he was unfairly dismissed. The ruling followed the employee's six-month parental leave.

The Histadrut has demanded that Arkia owners, the Nakash brothers, ensure that any sale of the airline includes a condition to continue flights on Shabbat. The union fears that a deal with Haredi investors could jeopardize the company's financial stability.

Retired judge Moshe Drori is a leading candidate for head of the Police Investigation Department (PID), a move that could turn the agency into a tool against the Attorney General.

Starting midnight Saturday, fuel prices will rise by 61 agorot per liter. The price of 95-octane gasoline at self-service stations will reach 8.09 shekels.

A collection of the week's top headlines and visual highlights: from market turmoil and banking fees to Tadej Pogačar's triumph at the Tour de France.

The new MAHASH law raises concerns over politically biased enforcement. Meanwhile, Amnon Shashua's departure from Mobileye leaves the company facing an uncertain future.

Fadi Aboud, one of the most senior Arab professionals at Intel, discusses his journey in technology, overcoming cultural barriers, and the importance of role models for integrating Arab society.

Film director Wes Anderson is a pedant. For 30 years, he has been creating highly stylized films, packed with tons of details, from font design to elaborate props.

Artificial intelligence can be a powerful tool for business and career development. Systems developed by JDC Israel help analyze market niches and find jobs by relying on real data rather than intuition.

Yaakov Fridman, the 71-year-old founder of the Maccabi Ma'alot fencing club in the Galilee, has built a world-class sports empire. Over 30 years, he has transformed a small local hall into a powerhouse that has produced dozens of world and European champions.

Dual-listed chip stocks return to the Tel Aviv Stock Exchange with strong negative arbitrage gaps. The market prepares for the opening following significant declines on Wall Street.

The Government Companies Authority aims to take the defense firm Tomer public within two to three years. However, capital market experts remain skeptical due to corporate governance challenges and the company's classified nature.

The dollar is stabilizing against the shekel following the Fed's decision to keep interest rates unchanged. Amid new US strikes in Iran, the dollar trades near 3.08 shekels, while the euro continues to climb, reaching 3.52 shekels.

The Nikkei index is up 1.3%, while the Kospi and Hang Seng show declines. Oil prices are retreating: Brent crude is down 1.4% to $89.5 per barrel, and WTI is down 1.1% to $83.5 per barrel.

Dr. Gil Proactor warns that rising sea levels and groundwater threaten the foundations of buildings along Israel's coastal plain. The lack of a national climate strategy puts critical infrastructure at severe risk.

This week, Noma Bar's exhibition opens at the Tel Aviv Museum of Art, the band Eifo HaYeled releases its seventh album, and the French film 'A Difficult Year' hits local theaters.

Sheba Medical Center has signed a strategic agreement with OpenAI to integrate AI models into its clinical workflows. This partnership highlights the value of Israel's centralized medical data while raising critical questions about patient privacy and data security.

The deal for G City appears to be on the verge of collapse due to a growing conflict between Chaim Katzman and the buyers. Associates of Tzahi Abu accuse Katzman of sabotage and questionable management decisions.

With the establishment of new ports, the Israel Ports Company (IPC) installed a Cold Ironing system to allow docked ships to switch off diesel engines. However, due to a lack of regulation and economic incentives, shipping companies rarely use the infrastructure.

A Calcalist investigation reveals that since 2021, the Likud party has sold 8 of its 37 real estate assets. Four of these transactions were made to party insiders or their family members, often at prices significantly below market value.

Cybersecurity firm Onyx Security has raised $113 million in a Series B round led by Bessemer Venture Partners. The company's platform enables organizations to securely and controllably deploy AI agents, mitigating risks associated with autonomous machine operations.

Microsoft recorded $90 billion in revenue for the fourth fiscal quarter, exceeding analyst expectations. The growth was primarily driven by the Azure cloud division, which saw a 43% revenue increase.

An internal audit at Cohan Properties revealed that CEO Mike Cohan used millions of dollars in company funds for private assets. Despite claims of repayment, the outstanding debt stands at approximately $3.8 million as of July 29.

Teva's transformation from a generics manufacturer to an originator drug developer has pushed its market cap above $40 billion. The company is planning a direct listing in New York to facilitate its inclusion in the S&P 500 index.

The company 'Movement', owned by Eli Dahan, has submitted an offer to purchase 21.34% of the shares of pharmaceutical distributor 'Novolog' in exchange for a 100 million shekel investment.

Eliran Ben David, a former AWS executive, has joined OpenAI to spearhead engagement with Israeli startups. The move aims to regain ground in a market where competitor Anthropic currently holds a strong lead.

X, owned by Elon Musk, has reached a settlement in its lawsuit against brands that boycotted the platform. While terms remain undisclosed, both parties announced a reset of their relationship.

A fire in the Sha'ar HaNegev industrial zone has shut down the Tapugan factory. The blaze destroyed approximately 6,000 tons of potatoes, though no product shortages are expected in stores.

On Monday, 400 bus drivers from the "Tnufa" company launched a wildcat strike protesting poor maintenance and wage uncertainty. Local authorities in Samaria and Jerusalem have demanded that the Ministry of Transport intervene and withdraw the company's operating lines.

A fire at the Angel Bakeries plant in Kfar HaHoresh has caused damage estimated in the tens of millions of shekels. The insurance company has rejected the claim, offering only partial compensation, leading to a legal dispute.

The Kfar Saba Small Claims Court has ordered the Shufersal chain to pay 20,000 shekels in compensation to a customer after the store refused to honor advertised sale prices. The judge criticized the chain's conduct, calling it a systematic practice of misleading consumers.

El Al's "Matmid" frequent flyer program has appealed to the Second Authority for Television and Radio to pull a new Max commercial for the SkyMax card. The company claims the ad misleads consumers regarding point redemption terms.

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.

Australian airline Qantas has completed the longest commercial passenger flight in history, lasting 24 hours and 24 minutes. The Airbus A350 covered 23,075 km without stopping.

Encore AI has raised $30 million in a Series A funding round. The investment is notable for the participation of the company's own clients, who chose to back the firm after experiencing the platform's impact on their operations.

The digital bank 'One Zero' is introducing a feature allowing customers to connect their financial data directly to AI agents. This move aims to provide real-time financial analysis within existing AI platforms without manual data entry.

Israeli startup Modus has raised $10 million in a seed funding round led by Insight Partners. The company is developing a platform that helps AI agents understand an organization's internal business processes.

Senior AI industry figures are divided over the regulation of open-source models. While OpenAI and Anthropic warn of security risks, Meta and Nvidia argue that openness is essential for innovation.

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.