Reuters: The nation's flagship airline said it is cutting 1,900 posts as part of a broader plan to recover from COVID-19 impact, even as its net loss narrowed in the first quarter
Israel is 'being tested' and is at 'edge of the abyss,' says consortium of 35 VC funds and 130 startups; just as citizens fought COVID so must they fight for solidarity
Reuters: Israel's largest lender posts a bigger-than-expected surge in quarterly profit, earning NIS 1.354 billion ($412 million) vs NIS 192 million in Q1 2020
Mood in Tel Aviv Stock Exchange is also dampened by Monday's US share slide; if fighting is prolonged then risk to market will increase in short term, Leumi economists say
Steering committee creates draft model of possible future central bank-backed digital currency as chatter on virtual payments grows globally; no decision yet re issuance
US giant is 'monopolist' force in social media in Israel and thus required by law to report acquisitions to the Competition Authority; FB is 'fully cooperating' with inquiry
The terms aim to protect investors, ISA says; among the new rules: sponsors must raise minimum of NIS 400 million ($123 million) mainly from institutional investors
Young workers typically employed in eateries and bars are not coming back, opting for unemployment benefits over shift work; this threatens already-shaken industry
Amid coronavirus lockdowns, workers who lost their jobs generally got them back; this didn't happen with low-wage workers, whose connection to the labor market has weakened
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