Economics
Latest Economics News
Banks fail to fully pass on rate cuts to mortgage takers
The two interest rate cuts in the past few months by the Bank of Israel totaling 0.5% have been good…
China to ban use of Check Point products — report
China has warned Chinese companies not to purchase cybersecurity solutions of a dozen US and Israeli companies out of concern…
Vintage VC fund investment Cast AI achieves unicorn status
An investment by Vintage Fund, the Israeli venture capital fund best known as an investor in other Israeli funds, in…
Morocco completes deployment of IAI air defense system — report
Morocco has completed deployment of Israel Aerospace Industries (IAI) Barak MX air defense system, "Military Africa" and "MilitarNYI" report, based…
Crowdstrike buys Israeli co Seraphic Security for $420m
US cybersecurity company Crowdstrike has announced the acquisition of Israeli cybersecurity company Seraphic Security, which was founded by former Walla!…
Israeli AI drug discovery co Converge Bio raises $25m
Israeli AI platform for accelerated drug discovery and development company Converge Bio, announced today the completion of a $25 million…
eToro lays off 7% of workforce
Less than a year since its Nasdaq IPO, Israeli online trading platform eToro (Nasdaq: ETOR) is laying off 7% of…
Foreign resident buys Kiryat Gat house for NIS 5.18m
A foreign resident has bought a 202 square meter, seven-room semi-detached house on Shvo Street in the Carmei Gat neighborhood…
Arkin raises $100m for early-stage biotech fund
Arkin Capital, which specializes in investments in life sciences and other areas, has announced it has raised $100 million for…
AI21 Labs denies Nvidia acquisition talks
Israeli artificial intelligence company AI21 Labs, co-founded by Prof. Amnon Shashua, has officially denied talks for its acquisition by Nvidia,…
