The shipping industry, already heavily constrained by restrictions on transit through key waterways such as the Strait of Hormuz, faces another challenge stemming from the US-Israel war on Iran and Russia’s war on Ukraine: a shortage of fuel oil used by ships and power plants. The fuel used by ships powers the transport of large…
Hapag-Lloyd is working with the government to improve its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday. The proposed deal has faced heavy opposition in Israel, including ZIM’s workers, Defense Minister Israel Katz and other government officials, who argue that it undermines national security by transferring…
The shipping industry, already heavily constrained by restrictions on transit through key waterways such as the Strait of Hormuz, faces another challenge stemming from the US-Israel war on Iran and Russia’s war on Ukraine: a shortage of fuel oil used by ships and power plants. The fuel used by ships powers the transport of large…
Another mega-deal in the global food industry is under way, this time with a prominent Israeli angle. The Goodles mac-and-cheese brand, founded in partnership with actress and model Gal Gadot, has signed an agreement to be acquired by Barilla Group, the world’s largest pasta company. Financial details were not disclosed, and the deal currently awaits…
Israeli Prime Minister Benjamin Netanyahu on Sunday said the end of the Iranian regime was near and claimed that it was fighting for its survival, while stressing that Israel still had another major mission to accomplish. Netanyahu made the remarks during a Rosh Hashanah toast held at a government meeting, where he reviewed what he…
Iran’s worsening economic crisis has yet to trigger widespread protests, but senior Israeli officials tells i24NEWS that mounting pressure will eventually drive Iranians back onto the streets. Sharp inflation, steep price increases and disruptions to oil exports and commodity trade have deepened economic hardship across the country. Despite the deterioration, Israeli assessments indicate that Tehran…
Brussels Airlines management and aviation labor unions have reached an agreement resolving internal workplace disputes regarding crew assignments on commercial flights to Israel. Under the agreed framework, pilots and flight attendants can exercise their option to decline assignments on Tel Aviv routes without facing disciplinary measures or professional penalties. The agreement followed consultation meetings between…
Beauty news A sizzling announcement for fashionistas: After becoming one of the most beloved style destinations in Israel, H&M is taking the natural next step by launching H&M Beauty in the country for the first time. The move expands the brand’s world far beyond the wardrobe and into daily beauty routines. Following the initial taste…
American payment services giant PayPal is laying off 70 employees in Israel from its local workforce of 300 as part of a restructuring announced in May by the company’s new CEO Enrique Lores. The cut will hit the Tel Aviv development center, which develops artificial intelligence systems to analyze transactions in real time, detect fraud,…
Israel has built a global reputation on two things at once: World-class cybersecurity and a deep-rooted belief that personal data should stay personal. In a country that gave the world Check Point, Wiz, and a string of cybersecurity unicorns, privacy is not an abstract value – it is a professional creed forged in military-intelligence units…
