Ifi Reporter

Ifi Reporter
Member since May 5, 2016
A third estimate by CBS shows that the GDP increased by only 0.6% in the second quarter of 2019
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A third estimate by CBS shows that the GDP increased by only 0.6% in the second quarter of 2019

The downturn in the economy continues to worsen. A third estimate by the Central Bureau of Statistics shows that gross domestic product (GDP) increased by only 0.6% in the second quarter of 2019. The downward revision of the current estimate (compared with the previous estimate) is mainly due to a decrease in the rate of goods and services exports (excluding diamonds). And start-ups), which saw a 10% increase, following a 10.6% year-over-year increase in the previous quarter (up from a 13.6% increase reported in the previous estimate for this quarter, released in September). This estimate...

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Oct 22, 2019

Average adult capital in Israel reached $ 196.6 thousand in 2019, 60% more than in 2000
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Average adult capital in Israel reached $ 196.6 thousand in 2019, 60% more than in 2000

srael is one of the countries with a particularly rapid increase in average capital per capita, but this is still a disappointment compared to forecasts, as average capital per capita in Israel grows less than GDP per capita, according to the report: Average annual GDP growth per capita in Israel reached 1.4 % Between 2000 and 2019, but the average annual growth in average capital for a mature person during those years was only 0.2%. Israelis' total capital has more than doubled in the last 19 years, at current exchange rates: from $ 465 in 2000 to 1.08 Today, the Credit Suisse wealth...

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Oct 22, 2019

Teva: Arrangements have been reached for a settlement worth of $ 23.25 billion in the opioid affair
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Teva: Arrangements have been reached for a settlement worth of $ 23.25 billion in the opioid affair

by Ifi Reporter

Category: Health

Teva approves: Arrangements have been reached for a total settlement of $ 23.25 billion in the opioid affair. The drug company announced it has drafted an agreement with four states in the US - North Carolina, Pennsylvania, Tennessee and Texas. The company said in an official statement that it had reached $ 25.25 billion in principal understandings. Under the agreement, Teva will provide $ 23 billion worth of drugs over a decade and pay $ 250 million in cash

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Oct 21, 2019

EL AL FLIGHT 008 FROM JFK TO TEL AVIV WAS POSTPONED 48 HOURS DUE TO MALFUNCTION ON a dreamlliner 787
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EL AL FLIGHT 008 FROM JFK TO TEL AVIV WAS POSTPONED 48 HOURS DUE TO MALFUNCTION ON a dreamlliner 787

by Ifi Reporter

Category: Agriculture

Passengers on El Al flight 008 from JFK Airport who were due to return to Israel on Sunday before the holiday will be forced to change their plans and spend it in New York. The reason: A malfunction of the company's Boeing Dreamliner 787 aircraft. Aircraft passengers will take off for Israel tomorrow evening and are expected to land late Tuesday at noon which will be 48 hours from the original landing date. The malfunction happened after the passengers had already sat on the plane and were waiting to take off, but they were cleared in a place that could not be taken off. El Al said in...

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Oct 20, 2019

The Governor of the Bank of Israel professor Amir Yaron received the 2018 Ross Award
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The Governor of the Bank of Israel professor Amir Yaron received the 2018 Ross Award

by Ifi Reporter

Category: Banking

The Governor of the Bank of Israel, Professor Amir Yaron, received the 2018 Stephen Ross Award at the MIT University in Boston. The Governor spoke as award winner and keynote speaker, along with researcher Prof. Ravi Bansal RAVI BANSAL from Duke University. In his address at the conference, Governor Yaron discussed economic uncertainty, the research's ability to identify and quantify it for policy decisions and its impact on capital markets, economic growth and fiscal issues, including contemporary ones such as the Barracks and the trade war

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Oct 19, 2019

IAI will convert for General Electric 15 Boing 777 passenger aircrafts  to a cargo configuration
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IAI will convert for General Electric 15 Boing 777 passenger aircrafts to a cargo configuration

by Ifi Reporter

Category: Financial

The aerospace industry is expanding its operations in the field of aircraft conversion: Under a new agreement it signed with GECAS, it will convert 15 Boeing 777 aircraft from a passenger aircraft configuration to a cargo configuration. The IAI does not specify the amount of the deal, but notes that the amount is several hundred million dollars. The company also said that under its agreement with GECAS, an option to convert 15 additional aircraft was agreed in the future. GE Capital Aviation Services (GECAS) is a subsidiary of General Electric and is considered one of the world's largest...

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Oct 17, 2019

"Teva and 4 other drug companies will offer a compensation settlement of up to $ 50 billion"
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"Teva and 4 other drug companies will offer a compensation settlement of up to $ 50 billion"

by Ifi Reporter

Category: Health

Reuters reports indicate that Teva has been involved in an attempt to reach an agreement on the painkiller affair just days before the trial begins. Teva and four other drug companies offer a settlement agreement that will include huge compensation of up to $ 50 billion to people and various entities affected over the years by aggressive marketing of opioid painkillers, which has led to the addiction epidemic and death of many US users. According to reports in Reuters, which are based on two sources "close to the subject", the five companies that engaged in the manufacture and...

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Oct 17, 2019

The CPI fell 0.2% in September; Housing prices increased 1.3% compared to last year
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The CPI fell 0.2% in September; Housing prices increased 1.3% compared to last year

by Ifi Reporter

Category: Real Estate

The CPI fell 0.2% in September 2019, according to the Central Bureau of Statistics (CBS). From the beginning of the year, the CPI rose 0.6%, but this is the third negative of the last four indices. The actual inflation rate (in the last 12 months) has fallen to 0.3%, compared to 0.6% in August, which puts the Bank of Israel in trouble. The low inflation rate may justify a reduction in the interest rate from its current level, although before the next interest rate decision the October index may balance the picture. In the segmentation of housing price changes by districts compared to the...

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Oct 15, 2019

Amnesty: israeli NSO spying tools were used to track down Moroccan human rights activists
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Amnesty: israeli NSO spying tools were used to track down Moroccan human rights activists

by Ifi Reporter

Category: Law

Israeli NSO spying tools have been used to track down two Moroccan human rights activists who are being chased by state authorities - a widespread investigation by Amnesty International has revealed. The NSO said in response: "We take the allegations seriously. We will investigate the matter." According to an Amnesty report released last night, both activists received text messages containing malicious links intended to implant Pegasus, NSO's notorious espionage spyware. As previously reported, the damage can provide full access to all information on the device in real time In addition to...

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Oct 10, 2019

Israel Bank decision to leave the interest rate unchanged caused significant Dollar strengthening
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Israel Bank decision to leave the interest rate unchanged caused significant Dollar strengthening

by Ifi Reporter

Category: Banking

The decision of the Governor of the Bank of Israel to leave the interest rate unchanged caused a significant strengthening of the dollar against the shekel. The euro also strengthened. One dollar was traded this morning between the banks for three shekels and fifty shekels. The euro was trading at NIS 3,852. The Bank of Israel has left its interest rate at 0.25%. The Monetary Committee, which made the decision on the matter, noted that interest rates would have to be left for a prolonged period or reduced - in order to support the process that eventually inflation will stabilize in the...

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Oct 8, 2019

Unilever raises prices by up to 17% by reducing the weight of the products in the packaging
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Unilever raises prices by up to 17% by reducing the weight of the products in the packaging

by Ifi Reporter

Category: Health

Unilever raises prices by up to 17%. The company decided to reduce the weight of the products in packaging, without changing the price accordingly; Among the products that will rise are: Cornflakes Pillow and Chocolate Click. The reason, according to the company: an increase in production inputs. The increase will be done by reducing the weight of the products in the packaging, without changing the price accordingly. Among the top products: Cornflakes pillows, which retail prices will rise by 9%; Cornflakes Coconut to Increase by 15%: Series of Chocolate Products to Increase by 15%, and...

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Oct 6, 2019

The Ministry of Transport plans to expand the dedicated travel lane with more than one passenger
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The Ministry of Transport plans to expand the dedicated travel lane with more than one passenger

by Ifi Reporter

Category: Government

The Ministry of Transport has started operating a dedicated travel lane for private cars that travel more than one passenger. The project was announced three weeks ago under the name "Path Plus", under which Route 2 was specially trained for a 22-kilometer route, between the Netanya interchange and the Galilee interchange, in both directions, where public transport and vehicles with at least two passengers (driver and passenger) will be allowed. At the same time, on Route 20, a special route for public transport and private vehicles with at least three passengers (driver and two passengers)...

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Oct 6, 2019

The average salary per employee job in July was 11,004 NIS - an increase of 3.4%
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The average salary per employee job in July was 11,004 NIS - an increase of 3.4%

by Ifi Reporter

Category: Financial

The average salary per employee job in July was 11,004 in July, according to the Central Bureau of Statistics. This is an increase of 3.4% compared to July 2018. At constant prices (without considering the rise in the index), the wage in the economy rose by 2.9% compared with July last year, reaching NIS 10,389. In May-July, the average wage per employee post at current prices increased by 2.8% on an annual basis, following a 3.4% increase on an annual rate in February-April

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Oct 6, 2019

Prime Minister Benjamin Netanyahu under preasure: has decided not to hold primaries
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Prime Minister Benjamin Netanyahu under preasure: has decided not to hold primaries

by Ifi Reporter

Category: Government

Prime Minister Benjamin Netanyahu has decided not to hold primaries in the party, just a day after announcing that he is considering such a move - which is estimated to prevent the possibility of a unity government led by another party candidate. Instead, they said in the Likud, it was decided to convene the party center to determine that Netanyahu will be the only candidate on her behalf for the prime minister, throughout the Knesset vote yesterday. According to the Likud announcement, the party's center will be convened on Thursday next week to confirm this decision. The proposed...

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Oct 4, 2019

The New York Police Department has reported 311 total hate crimes through September
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The New York Police Department has reported 311 total hate crimes through September

by Ifi Reporter

Category: Government

The New York Police Department has reported 311 total hate crimes through September, as opposed to 250 reported through the same period in 2018, according to Deputy Inspector Mark Molinari, who heads the department’s Hate Crimes Task Force. Molinari said 52 percent of the reported hate crimes, or 163, have targeted Jews. Over the same period last year, the NYPD reported 108 anti-Semitic hate crimes. At a meeting Thursday with Jewish philanthropists, Molinari discussed the numbers and how to prevent anti-Semitic crimes in the city. He recounted a list of anti-Jewish hate crimes that had...

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Oct 4, 2019

Taboola and Outbrain, which specialize in content recommendations decided to merge
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Taboola and Outbrain, which specialize in content recommendations decided to merge

by Ifi Reporter

Category: Financial

Taboola and Outbrain, which specialize in content recommendations at the bottom of online articles and sometimes on the pages of the site, report a merger agreement between them, subject to regulatory approvals. These are the top two content recommendations companies. Under the agreement, Outbrain shareholders will receive 30% of the subsidiary's shares and $ 250 million in cash. The profits of the two companies are estimated at $ 50-70 million a year. Adam Singolda, founder and CEO of Taboola, will run the merged company that operates under the Tabula brand. The subsidiary will employ...

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Oct 3, 2019

Teva announced: Dr. Carlo de Notaristapani leaves the position of VP of Global Operations
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Teva announced: Dr. Carlo de Notaristapani leaves the position of VP of Global Operations

by Ifi Reporter

Category: Hitech

At Teva, it seems there is a reorganization of some of the company's senior executives. Yesterday, Teva announced the resignation of Dr. Carlo de Notaristapani from the position of VP of Global Operations. He joins CFO Michael McLellan and brand and communications director Iris Beck-Kodner, both of whom are soon to retire and a notice of departure has already been released. De Notaristefan's retirement is immediate. The person who replaces him is Eric Drappa, who will fill the role from Israel. De Notaristefan joined Teva in 2012, during the term of CEO Jeremy Levine, after holding senior...

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Oct 3, 2019

residents who gave up health care for economic reasons was 3 times higher in the periphery
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residents who gave up health care for economic reasons was 3 times higher in the periphery

by Ifi Reporter

Category: Politics

Significant gaps still exist in a series of areas between the center of the country and the periphery. That's how a Central Bureau of Statistics survey released on Wednesday reveals. The report reveals alarming gaps between the center and the periphery. Among other things, the average monetary income per household in the peripheral communities is 19% lower than the household income in the central settlements, which amounts to NIS 18,662 per month, compared with NIS 23,036 respectively. But despite this, there are no significant differences between the center and the periphery in life...

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Oct 2, 2019

The court overturned fines that the Consumer Protection Authority imposed on cellular companies
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The court overturned fines that the Consumer Protection Authority imposed on cellular companies

The court overturned fines that the Consumer Protection Authority imposed on telecommunications companies, and ruled that it had to repay the fines it collected alongside reimbursement of legal expenses. In aggregate, this amounts to more than NIS 5 million, which the PA will repay to four mobile companies, including reimbursement of fines and legal fees. To Cellcom to receive NIS 3.4 million back, and to Partner and Pelephone together to receive NIS 1 million - now joins Golan Telecom, which will receive NIS 612,000 paid as a fine for violating the Consumer Protection Law - according to a...

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Oct 2, 2019

Prime Minister Netanyahu's hearing began this morning in all 3 cases
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Prime Minister Netanyahu's hearing began this morning in all 3 cases

by Ifi Reporter

Category: Law

Prime Minister Netanyahu's hearing began this morning. First the arguments in the four thousand case will be heard. On Sunday and Monday of next week, the arguments in the other two cases will be heard: thousand and two thousand. On the eve of the holiday, Attorney General Mandelblit accepted the request of Netanyahu's attorneys to set four days for the hearing. At the end of the hearing, Netanyahu's defense attorneys will request extensive written arguments. Case 4000, in which it was decided to prosecute Netanyahu for taking bribes from Saul Alovic, owner of the Bezeq group and the Walla...

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Oct 1, 2019

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