Articles by May, 2022

 Adva Center presents a surge in socio-economic disparities in Israel in the last two years
152 Views Details

The report of the Adva Center, the center for social democratic policy, shows a surge in socio-economic disparities in the last two years: the education system does not provide solutions for the most vulnerable populations, the accessibility of the weaker sections to health is harmed and significant disparities in the housing market. On the occasion of just over two years since the Corona crisis, the Adva Center publishes its annual report, entitled "The Plague of Inequality Continues." "The corona plague has not yet passed from the world, even though it has been pushed to the margins of...

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May 1, 2022

The Israeli start-up company AVO is laying off about 500 of its 750 employees worldwide
298 Views Details

by Ifi Reporter

Category: Financial

The start-up company AVO, which operates a grocery and consumer goods delivery service, is laying off about 500 of its 750 employees worldwide - about two-thirds of its workforce. In Israel, the company employed about 500 employees, of whom about 350 will be fired. In addition, the company completely stopped all shipping activities for private consumers, which was aimed at residential buildings and included about 1,000 buildings in Israel in cities such as Petah Tikva, Ramat Gan, Tel Aviv and Ashdod. Now the company will focus only on activities with businesses - that is, deliveries to...

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May 1, 2022

The average mortgage amount reached a peak of NIS 975,000 in March - 15.5% increase
160 Views Details

by Ifi Reporter

Category: Real Estate

The average mortgage amount reached a peak of NIS 975,000 in March - another step up in mortgage activity, which reflects the increase in apartment prices and the leverage of bank customers, in light of the rise in apartment prices. This, is without a corresponding increase in the equity of apartment buyers. Investors finance the increase in total mortgages by increasing repayments and increasing the average duration of the mortgage repayment. Data from the Bank of Israel show that 13,780 mortgages were taken out in March - an increase of 15.5% compared with February, which mainly reflects...

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May 1, 2022

Israeli "Innoviz" will supply LIDAR sensors to an automotive group in a deal worth  $ 4 billion
177 Views Details

by Ifi Reporter

Category: Hitech

Innoviz from Rosh HaAyin has been chosen to be the official and direct supplier of LIDAR sensors to one of the largest automotive groups in the world. This is a group that holds a share of more than 10% of the global car market and sells millions of cars a year. The deal is worth $ 4 billion. This is the explanation for the surprising jump of its share by 10% on Friday on the Nasdaq stock exchange, a day when most of the shares actually fell. Sales under the current agreement are expected to be spread over eight years and will begin in three years, after the completion of the joint...

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May 2, 2022

Required: Measures that will require communications companies to implement cyber defense plans
153 Views Details

by Ifi Reporter

Category: Hitech

Communications Minister Yoaz Handel and the head of the national cyber network, Gabi Portnoy, announced in a joint statement to the media, a series of measures that will require communications companies to prepare and implement cyber defense plans that will first include an orderly and unified system that will strengthen defense levels and actively prepare for cyber attacks. The decision was made after a hearing last August in the Ministry of Communications, according to which the licenses of the communications companies will be amended and provisions and a number of milestones will be set...

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May 2, 2022

Teva published disappointing financial reports: lost $ 955 million in the first Q of 2022
233 Views Details

by Ifi Reporter

Category: Financial

Teva has published disappointing financial reports and forecasts for 2022, which explain well the sharp declines in Teva shares in recent days. Teva, managed by Carr Schultz, lost $ 955 million in the first quarter of 2022 which is 86 cents based on generally accepted US accounting rules (US GAAP) - Compared to $ 77 million earnings of 7 cents a share in the same quarter in 2022. The jump in losses stems from a $ 1.1 billion provision in the last quarter to settle lawsuits related primarily to her involvement as a defendant in the U.S. narcotics (opioid) painkillers trial; compared to a $...

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May 3, 2022

Solaredge exceeded analysts' forecasts: Earned $ 69 million in the first quarter of 2022
137 Views Details

by Ifi Reporter

Category: Hitech

The Solaredge company significantly exceeded analysts' forecasts, as well as the forecasts it provided to the market regarding its revenues in the first quarter of 2022, under the auspices of a surge in energy prices in the wake of the Ukraine war. However, the company missed earnings per share forecasts, due to the component crisis and the jump in transportation costs. Solaredge released a second-quarter revenue forecast for 2022 that was higher than market forecasts, and its stock responded with a 2% increase in late trading

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May 3, 2022

he unemployment rate continues to fall; The average salary in high-tech - NIS 30,000 a month
178 Views Details

by Ifi Reporter

Category: Hitech

The data published by the Central Bureau of Statistics (CBS) show that by narrow definition, the unemployment rate reached only 2.9% in the first half of April, compared with 3.4% in March and 3.8% before the corona crisis. Labor, stood at only 4.4%, compared to 4.8% in March, however, the employment rate was 61.0%, compared to 61.3% in the second half of March

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May 3, 2022

David Davidovich who is close to the Russian Oligarch Roman Abramovich sues Bank Hapoalim
377 Views Details

by Ifi Reporter

Category: Law

Businessman David Davidovich, who is considered close to businessman Roman Abramovich and who previously competed for the acquisition of control of the Globes newspaper for NIS 110 million, is suing Bank Hapoalim. This, claiming that the bank decided "in an instant, without any prior notice to block the bank account of Davidovich, an Israeli citizen for 31 years. This, while leaving Davidovich currently residing in Latvia, without a credit card (blocked) and without an active bank account." In the application submitted by Davidovich through Adv. Shmulik Cassuto and Adv. "It is also...

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May 4, 2022

At Mount Herzl in Jerusalem opened yesterday the celebrations of the 74th Independence Day of Israel
189 Views Details

by Ifi Reporter

Category: Government

At Mount Herzl in Jerusalem opens tonight (Wednesday) the celebrations of the 74th Independence Day of the State of Israel with the traditional beacon lighting ceremony - which for the first time in two years was held without any corona restrictions, and thousands came to the audience. This year, the ceremony was held under the banner "A hand meets a sister's hand," and 13 Israelis were chosen to light the 12 beacons symbolizing the 12 tribes of Israel. As a sign of consideration with the battle shocks, and as municipalities across the country have done, there will be no fireworks at the...

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May 4, 2022

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