Ifi Reporter

Ifi Reporter
Member since May 5, 2016
 2 Construction accidents this morning: 25 and 37 year old employes were severly injured
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2 Construction accidents this morning: 25 and 37 year old employes were severly injured

by Ifi Reporter

Category: Real Estate

Construction accidents continue and this morning there were two such accidents. At a construction site on Boma Shavit Street in Rishon Lezion, a worker, twenty-five, was injured and sustained serious wounds. He was hit in the head and limbs. Hapoel faces treatment at Wolfson Hospital in Holon On Amal Street in Ramat Gan, a worker was hit by a heavy object and sustained moderate to severe wounds. The thirty-seven-year-old worker was treated for treatment at Sheba Hospital in Tel Hashomer. The government announced a few weeks ago that it will intensify inspections of construction sites, but...

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Aug 21, 2019

Good news for Teva:  settlement agreement for Endo with Ohio - will pay $ 10 million
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Good news for Teva: settlement agreement for Endo with Ohio - will pay $ 10 million

by Ifi Reporter

Category: Financial

The first significant settlement agreement for Endo, ​​owned by Israeli pharmaceutical giant "Teva" as part of the painkiller affair, sent its share to a 5 percent jump on Wall Street, and its share to trade at a price would be higher than seven dollars. Endo Pharmaceuticals has announced only a $ 10 million principal settlement agreement to avoid reaching a trial in the state of Ohio and reach a first-stage settlement as part of the painkiller affair. In addition, Ando will donate $ 1 million to Vasostrict and Adrenalin prescriptions. Endo said the settlement does not include admission...

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Aug 20, 2019

Intel unveiled the first artificial intelligence chip developed - in Israel
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Intel unveiled the first artificial intelligence chip developed - in Israel

by Ifi Reporter

Category: Hitech

Intel on Tuesday evening at the Hot Chips Conference in Silicon Valley, USA, unveiled the first artificial intelligence chip developed in Israel. In large data centers (compared to the training phase, and to chipsets for end devices). The new chip is based on 10-inch Ice Lake cores, capable of handling 3,600 images per second, at 10 watts. Hundreds of Intel's development center employees in Haifa and the manufacturing plant in Kiryat Gat participated in the new chip development. The chip will go into production this year, but according to an Intel message, Facebook has "already announced...

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Aug 20, 2019

 Bank of Israel: transition to five-day school week and promoting ultra-Orthodox education
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Bank of Israel: transition to five-day school week and promoting ultra-Orthodox education

by Ifi Reporter

Category: Banking

A special report from the Bank of Israel recommends the cancellation on Friday and the transition of the education system to a five-day school week. This is part of operative recommendations to increase fertility in Israel. The authors of the report believe that the lack of synchronization between the educational system's vacations and vacations in the rest of the economy is a particularly prominent phenomenon in Israel and this impairs the work efficiency of parents of small children. The authors of the report recommend moving to a 5-day study week and at the same time canceling the...

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Aug 19, 2019

CBS estimate: Gross domestic product rose by only 1% in the second quarter of 2019
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CBS estimate: Gross domestic product rose by only 1% in the second quarter of 2019

Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

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Aug 18, 2019

Minister of Labor, Welfare and Social Services Haim Katz resigned on Friday
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Minister of Labor, Welfare and Social Services Haim Katz resigned on Friday

by Ifi Reporter

Category: Law

Welfare Minister Haim Katz on Friday announced his resignation and handed his resignation letter to Prime Minister Benjamin Netanyahu. In his resignation letter Katz denied being credited with the indictment in the stock affair and wrote: "In all my actions as a minister and as a Knesset member, I have acted in a matter-of-fact and impartial manner for the benefit of the public, including employees, pensioners and those with whom they fail. The public mission is my life's mission, For the citizens in every way possible. " Attorney General and legal advisor of the governmentl Avihai...

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Aug 17, 2019

 The aerospace industry will establish a plant in Be'er Sheva Investing tens of millions of shekels
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The aerospace industry will establish a plant in Be'er Sheva Investing tens of millions of shekels

by Ifi Reporter

Category: Hitech

IAI announces its entry into the onshore field and the establishment of an innovative plant in this area in Be'er Sheva. The plant's products will be at the forefront of global technology in areas such as ground autonomous robotics, terrestrial radar systems such as drone guard for disrupting skimmers and border radar protection. The establishment of the onshore plant in Be'er Sheva is part of the new strategy led by the board of directors and management of the aerospace industry. Tens of millions of shekels will be invested in the establishment of the plant to build innovative...

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Aug 15, 2019

Over the past 12 months prices of apartments and houses rose in Israel by 1.4%
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Over the past 12 months prices of apartments and houses rose in Israel by 1.4%

by Ifi Reporter

Category: Real Estate

The CPI fell 0.3% in July 2019, according to the Central Bureau of Statistics (CBS). Compared to the unchanged index (0%), the CPI rose 0.6% in January 2019, Over the past 12 months (from July 2018 to July 2019) rose 0.5%, while the May-June housing price index, also published today, indicates a 0.5% increase over the previous two months (April-May). An increase of 1.4% compared to the corresponding period last year (May 2018 - June 2018). In relation to the Consumer Price Index, price declines were recorded especially in the clothing and footwear items 6.4%, fresh vegetables and fruits...

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Aug 15, 2019

Senator Sanders to Teva: handed over documents regarding  generic price coordination
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Senator Sanders to Teva: handed over documents regarding generic price coordination

by Ifi Reporter

Category: Health

Two different events were weighing 10.4 percent on Wall Street yesterday. The rating agency Moody's did leave Teva's rating unchanged on Ba2, but changed the rating horizon to "negative." At the same time, a letter was sent to Nature from two US elected officials: Congressman Elijah Cummings and Senator Bernie Sanders demanding that they be handed over documents investigating generic price coordination. Modi's wrote today that the negative horizon for ratings reflects concerns about Teva's permanent leverage and its major refinancing needs, given its increased exposure to legal proceedings...

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Aug 14, 2019

 Strauss Group profit: growth of 9.5% to NIS 121 million
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Strauss Group profit: growth of 9.5% to NIS 121 million

by Ifi Reporter

Category: Financial

The Strauss Group released its financial statements for the second quarter of 2019. The food maker showed a slight decrease in sales, but growth in net profit, thanks to an improvement in operating income along with a decrease in tax expenses. The company, which is controlled by the Strauss family (57.4%), posted revenue of NIS 2.1 billion in the quarter - a decrease of 1.4% compared to the corresponding quarter in 2018, but after neutralizing the negative impact of exchange rate differences - revenues increased by 1.7%. Net profit attributable to shareholders showed growth of 9.5% to NIS...

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Aug 13, 2019

Social Economic Cabinet approved the deal in which Rafael aquires Aeronautics for NIS 850 million
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Social Economic Cabinet approved the deal in which Rafael aquires Aeronautics for NIS 850 million

by Ifi Reporter

Category: Financial

The Aeronautics deal was approved by the government. The Social Economic Cabinet, led by Finance Minister Moshe Kahlon, approved the deal in which Rafael government company and businessman Avihai Stolero bought Aeronautics for NIS 850 million. The Aeronautics Group is an Israeli company engaged in the development and production of intelligence-based, unmanned systems solutions for the international security market. The company's center is in Yavne. Following the transaction, Aeronautics' stock will be deleted from the stock exchange and will become a private company. The aerospace...

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Aug 13, 2019

 LOTTE Group one of the largest corporations in South Korea  is looking to invest in Israel.
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LOTTE Group one of the largest corporations in South Korea is looking to invest in Israel.

by Ifi Reporter

Category: Government

The LOTTE Group, one of the five largest corporations in South Korea, with a turnover of about $ 80 billion a year and a profit of about $ 5 billion a year, is looking for investments in Israel. The owner and chairman of the fifth largest corporation in South Korea, is currently visiting the country and meets with Minister of Economy and Industry Eli Cohen Minister of Economy and Industry Eli Cohen: "I welcome the arrival of the LOTTE company in Israel. The arrival of this company is indicative of the strength and quality of the Israeli market that continues to attract large companies...

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Aug 12, 2019

 Ben Gurion Airport is investigating why the backup sorting system did not work
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Ben Gurion Airport is investigating why the backup sorting system did not work

Ben Gurion Airport and the Ministry of Transport are investigating why the backup system did not work properly for the main luggage sorting system that stopped operating at the luggage conveyor in the port yesterday. The backup system, in which a lot of money was invested, did not function, causing tens of thousands of passengers to arrive late and in thousands of cases, even without the luggage. Ben Gurion Airport is concerned about a civilian lawsuit over negligence in operating. Yesterday was one of the busiest days in Ben Gurion Airport. Passengers experienced disruptions and...

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Aug 12, 2019

Check Point researches have identified security vulnerabilities in Canon's DSLR cameras
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Check Point researches have identified security vulnerabilities in Canon's DSLR cameras

by Ifi Reporter

Category: Hitech

Israeli Check Point researches has identified serious security vulnerabilities in Canon's DSLR cameras that allow graft damage and attacks by exploiting the cameras' connection to the WiFi network, the company announced at a DEFCON conference in Las Vegas on Sunday. The camera model is the EOS 80D. Check Point investigators updated Canon, and the two companies worked together to fix the loophole. Canon, which controls more than 50% of the market, has released a security update. Check Point noted that they believe the same weakness can be found in cameras of other leading brands. This is...

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Aug 11, 2019

a Medical team from Beilinsom hospital performed 3 transplants in Cyprus
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a Medical team from Beilinsom hospital performed 3 transplants in Cyprus

by Ifi Reporter

Category: Health

On Saturday a medical team from Beilinson Hospital flew in to Cyprus to perform 3 translplant operations and returned to Israel. This is part of Israel's cooperation agreement with Cyprus on the issue of organ transplants. Yesterday morning, the National Center for Transplantation staff flew from Beilinson Hospital in Petah Tikva to Cyprus to perform lung and liver transplant surgery. The team included transplant doctors, a lung cardiac machine operator and operating room staff. Two lung and liver transplants were performed in Israeli patients. Dr. Tamar Ashkenazi, director of the...

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Aug 10, 2019

Significant disruptions are expected in the Busses services this week due to a muslim holiday
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Significant disruptions are expected in the Busses services this week due to a muslim holiday

by Ifi Reporter

Category: Government

Significant disruptions are expected from the morning (Sunday) to Thursday on the regular bussses lines, due to the absence of work by Muslim and Druze drivers, who celebrate with their families the holiday of sacrifice ("Eid al-Adha"). Muslim and Druze drivers account for more than a third of public transport practices, which also suffer from driver shortages. Despite widespread hiring of private bus companies and their drivers to replace drivers with freedom, many lines will still be canceled and the frequency of travel of others will be diluted. The injury will differ from company to...

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Aug 10, 2019

Ministry of Communications is examining tools to stabilize the cellular market and lead it to growth
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Ministry of Communications is examining tools to stabilize the cellular market and lead it to growth

In light of recent developments in the cellular market, Communications Director General Nati Cohen ordered the establishment of a special team to examine the state of the cellular market. It was also reported that the firm has been monitoring closely throughout the year, and in particular in the past week, on the financial strength of the cellular companies. The purpose of the team is to look at possible market stabilization tools for investments in the fifth generation, with the aim of creating a market that offers consumers quality and varied products at fair prices. The ministry is...

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Aug 9, 2019

Established in Israel Corindus was sold to Siemens Healthineers for $ 1.1 billion
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Established in Israel Corindus was sold to Siemens Healthineers for $ 1.1 billion

by Ifi Reporter

Category: Health

Established in Israel and operating in the United States in recent years, Corindus was sold to Siemens Healthineers, part of the German Siemens Group, for $ 1.1 billion. The company was set up in the Technicon incubator called Navicath, attended by Prof. Rafi Biar who recently retired from the position of CEO of Rambam Hospital and entrepreneur Tal Wandrow. The company was originally founded to solve the medical problems of the doctors who work in the catheterization room. These doctors are exposed to a great deal of radiation, and their health is also damaged by wearing lead aprons to...

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Aug 8, 2019

In a terror attack in Gush Etzion, nineteen-year-old Dvir Sorek was killed
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In a terror attack in Gush Etzion, nineteen-year-old Dvir Sorek was killed

by Ifi Reporter

Category: Government

In a terror attack in Gush Etzion, nineteen-year-old Dvir Soreck, soldier from Ofra settelment was killed. The soldier was a sitting student who was absent last night. His body was found in the morning on the side of the road between Efrat and Migdal Oz. The security forces scan the area to track the terrorist who murdered the soldier. Prime Minister and Defense Minister Benjamin Netanyahu said security forces are in pursuit to capture the lowly terrorist. He sent condolences to the soldier's family. State President Reuben Rivlin says the heart aches for the loss of his short lif. He...

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Aug 8, 2019

US giant Salesforce acquires Israeli software company Clicksoftware for $ 1.35 billion in cash
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US giant Salesforce acquires Israeli software company Clicksoftware for $ 1.35 billion in cash

by Ifi Reporter

Category: Financial

US software giant Salesforce acquires Israeli software company Clicksoftware for $ 1.35 billion in a cash deal. The biggest beneficiary of the deal is the private equity investment Francisco Partners, after Clicksoftware was sold to the fund for $ 440 million in 2015. Clicksoftware was founded by Moshe Ben Best, but he retired from its current management and became a consultant to the company and a member of the board of directors for a short period. Clicksoftware CEO today is American Mark Cantini, the former CEO of Autotesk joining the company in early 2018. Most Clixoftware employees...

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Aug 7, 2019

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