Annual inflation jumps to highest level since 2008, putting pressure on Bank of Israel to further hike interest rates

Move is expected to lower tariffs and bring down prices of Japanese-made cars, toys

Citing strong economic activity, increase in inflation, central bank lifts rate by 50 basis points to 3.25%

Milk prices not allowed to rise again until at least May 2023 under deal; dairy board sought 14% hike, but was negotiated down in talks with treasury, Agriculture Ministry

Finance Ministry says deficit for the last 12 months is 0.4% due to increased revenue and reduced spending as pandemic recovery continues

Russian banks teeter on edge of crisis and some oligarchs speak out against war, with one proposing an end to 'state capitalism'

Caught between Russian and American pressure, the new member of the UN Security Council carefully hedges statements to avoid angering a country crucial to its economy

Times of Israel editor David Horovitz discusses Iran talks and Bennett; Startup Israel editor Ricky Ben-David talks about the Omicron effect and the dollar-shekel rate

Report accuses Israel of 'contributing to the crisis' by withholding portion of tax revenues it collects in order to offset amount Palestinian Authority pays to security prisoners

Report finds economy may grow 6% this year, but is expected to slow in 2022, with poverty in Gaza on the rise and the cash-strapped PA sinking further into debt