Articles by August, 2020

About fifteen thousand people demonstrated on Saturday evening in Paris Square in Jerusalem, against government corruption and Prime Minister Benjamin Netanyahu. This is one of the largest demonstrations against Netanyahu, especially in light of the fact that the demonstrators are facing restrictions on social distance. The protesters marched in the direction of the prime minister's residence in the city. Simultaneously with this demonstration, about a thousand other people demonstrated in front of the Netanyahu family's home in Caesarea. In addition, protest demonstrations were held at...

It will be four to five years before the Israeli economy recovers from the corona crisis and returns to a state of full employment - according to the Ministry of Finance's economic forecast for 2023-2020, published today (Sunday). The Treasury presents two possible scenarios: recovery and exacerbation. In a situation of aggravation, the ministry warns, the unemployment rate will be 15% at the end of the year. According to the Treasury's forecasts, growth is expected to contract by 7% in 2020 and grow by 2.2% in 2021

Progress regarding investor Eli Rosenberg on the way to obtaining a permit to purchase El Al. The Companies Authority will recommend to the state the granting of a permit to Rosenberg, subject to the discretion of the ministers holding the state's gold share in El Al. A letter sent by the director of the Companies Authority, Yaakov Quint, to Rosenberg's representative, CPA Aminach Rusk, states: , To agree that he will hold a rate in excess of 40% and that give him control over El Al. Subject to the state's decision, the issuance of the recommendations is said to be conditional on the PA's...

349 corona patients are hospitalized in serious condition and the number of respirators is 97. Data released by the Ministry of Health on Tuesday morning show that 1,801 new corona patients were diagnosed yesterday and by midnight 270 new infections were diagnosed, including a 22-day-old baby diagnosed at Poria Hospital in Tiberias. Yesterday, results of 22,396 tests were obtained. The death toll from the plague stands at 554 people - a jump of eight from yesterday. From Poria Hospital it was reported that in the morning a 22-day-old baby was hospitalized with a temperature of 38 degrees....

A huge explosion shook the port area of ​​Beirut, Lebanon. The country's health minister told local media that more than 50 people were killed in the blast, at least 3,000 were injured - and many more are still trapped under the rubble. Testimonies from those present at the scene of the explosion, which was felt even in Cyprus, indicate that this is an event of a magnitude that has not been seen for years in Lebanon. Hospitals are collapsing under congestion, and many injured are receiving medical treatment on the streets. "The firefighters who were called to the scene simply disappeared...

Teva Pharmaceutical Industries reported results for the second quarter ended June 30, 2020. Revenues in the second quarter of 2020 were $3,870 million, a decrease of 7%, or 5% in local currency terms, compared to the second quarter of 2019. This decrease was mainly due to lower revenues from generics, OTC and COPAXONE® in all regions and lower revenues from QVAR® and BENDEKA®/TREANDA® in our North America segment, as well as reduced demand for certain products resulting from the impact the COVID-19 pandemic had on purchasing patterns, partially offset by higher revenues from AUSTEDO, Anda...

The Corona Cabinet has decided to lift restrictions on business activities on weekends and stays in public playgrounds. These decisions are subject to government approval, and a vote will be taken during the day. It was also decided to increase involvement in the orange and red cities, and it was decided to promote an outline for the opening of the skies on August 16. The focus of the discussion was a confrontation between the prime minister's approach, which pushed for a closure call, For that. The forum convened yesterday to discuss the possibility of new concessions or restrictions on...

The state budget deficit climbed to 7.2% of GDP in July 2020, compared to 6.4% in June (cumulative deficit in the last 12 months). The jump in the deficit in July was caused, among other things, by the payment of the immediate grant to the self-employed and controlling shareholders of a few companies, which was made during the month, in the amount of NIS 1.9 billion. In August, another jump in state spending is expected - due to the payment of grants to all Israeli residents, budgeted at NIS 6.7 billion

Senior executives from various industries claim that in the last month the trend has intensified in which people refuse to return from unpaid leave or start new jobs, leading to a shortage of employees. The blame, they say, lies in promising the government to pay unemployment benefits by mid-2021 or until the unemployment rate in the economy falls below 10%. Rami Levy, owner of Rami Levy Sycamore Marketing says that "long-term unemployment benefits are the worst thing the government could have done." He said, "The state had to give money to employers so that they would pay it to workers,...

The coming school year will open without full implementation of the planned outline. Only in January will half of the program for purchasing computers, recruiting and training teachers be completed. Recruitment of teachers is expected to begin only next week, and there are about 13,000 new teachers. Education Minister Yoav Galant said at a press conference that "it is no secret that the State of Israel is significantly behind in terms of distance learning infrastructure. We are allocating NIS 1.2 billion to this issue and talking about purchasing 140,000 computers for students and 64,000...