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The International Monetary Fund has published its half-yearly global economic forecast (October 2020) and it seeks to dispel some optimism compared to the publication in April 2020. Also in relation to Israel, the forecast is less bad, but still - our recession will be severe compared to other developed countries. Precisely in the midst of the second wave of the corona, the fund's economists "softened" the recession forecasts published six months ago, and now the global economic contraction in 2020 is expected to stand at 4.4% (real decline in global GDP) instead of 5.2% when the plague...

The Corona Cabinet approved tonight (Tuesday) the operation of all malls from tomorrow, in accordance with the rules of the malls pilot. In addition, all markets and museums will be able to open, depending on the outline formulated for them. Also, in accordance with the opening of trading, it was approved to cancel the exception set during the closure period for operating stores for home maintenance and communication products and computers in the format of "essential stores", and to compare the occupancy conditions with those of other non-essential stores. Meanwhile, the decision to impose...

Along with the crisis in high-tech - there is also an exit: in the days when many Israeli high-tech companies are making layoffs and experiencing declines in stock prices and market value, Databand.ai, also Israeli, is being acquired, the acquiring company, IBM, announced today (Wednesday). The companies did not give the amount of the deal, but according to market estimates it is tens of millions of dollars. Databand.ai offers a real-time data monitoring solution that helps organizations fix problems with their data - including errors and failures in data flow, and its poor quality -...

Health Minister Yuli Edelstein held an event with dozens of invitees, hours after announcing the gathering restrictions for 20 people in private homes - it was reported Wednesday evening. The minister arrived at the event on Thursday, held in a private house in Herzliya Pituah, immediately after the press conference, which announced the reinstatement of social remoteness. Despite the controversial timing in which the Minister of Health chose to hold the event, its very existence did not violate the guidelines, since these were not yet in effect. Edelstein's office said in response: "This...

The Bank Hapoalim published its financial results for the first quarter of 2020, and the Corona crisis was clearly evident with a sharp 76.6% drop in net profit to NIS 192 million. Bank Hapoalim is the first of the banks to publish its Q1 reports. The decrease in net profit is a significant increase in NIS 757 million in credit losses, including a group provision of NIS 603 million due to uncertainty over the effects of the Corona crisis and a preliminary step to the possibility of borrowers, including large borrowers such as a fuel group that will find it difficult to meet payments. The...

White House National Security Council spokesman John Kirby sharply criticized Israeli Finance Minister Bezalel Smotrich on Friday evening, following Smotrich’s condemnation of a proposed hostage deal mediated by the United States, Qatar, and Egypt. Kirby accused Smotrich of endangering the lives of Israeli hostages and jeopardizing national security by opposing the deal

At noon, the Israeli delegation will return from the historic visit to the United Arab Emirates. This morning, discussions will continue on the future cooperation in the fields of economics and society of the two countries. The American representatives, including President Trump's adviser Jared Kushner, will also return to Israel on their way to the United States. Prime Minister Netanyahu has already instructed the head of the delegation, Ben Shabbat, to invite representatives of the United Arab Emirates to visit Israel to continue contacts. A ceremony to implement the agreement will be...

Industrial plants in Israel are in trouble. They are short of workers and have great difficulty recruiting skilled workers. According to the Central Bureau of Statistics, Israel's industry lacks 13,700 workers. The problem of shortage of workers in the industry is not new but increased during the Corona. Before the crisis, there was a shortage of 10,000 workers, which increased to almost 14,000. Many of the positions in the industry, at least a quarter of the missing workers, are positions on production lines, near furnaces or in the field of concrete castings. In these positions it is...

A 12-year-old boy and a 40-year-old man were killed and more than 160 were injured this evening (Sunday) after a grandstand set up in the Carlin Synagogue in Givat Zeev, north of Jerusalem, collapsed during prayers on the eve of Shavuot. According to MDA, 167 wounded were evacuated to hospitals - including five in critical condition and ten in moderate condition. The tribune that collapsed in the synagogue was temporarily erected for Shavuot celebrations. According to the report, hundreds of people were present at the time of the collapse of the grandstand. Helicopters were launched to...

El Al lost $ 147 million in the third quarter of 2020 - the quarter that usually earns it the most money per year, compared to a profit of $ 27 million in the corresponding quarter in 2019. This huge loss is not even the most amazing thing in the company's recent financial report. Nine months into the corona crisis, as International Air Transport Organization (IAEA) forecasts for corporate losses in 2020 and 2021 become increasingly pessimistic, the company's accountants from BDO Haft still believe there is no need for a provision for even a dollar depreciation, on An aircraft fleet with a...