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The hot and dry weather, almost stormy, and the fear of fires is coming true: in the locality of Gita in the Western Galilee, near the city of Maalot Tarshiha, at least 20 families were evacuated on Saturday following a fire raging tens of meters from the locality. The fire brigade said that there was a "real danger" to the settlement, and that the evacuation had taken place on its first line of houses. Many crews have been called to the scene from across the north, and five firefighting planes are assisting from the air. Another forest fire has been raging since nightfall near the...

According to data from the Employment Service published Monday, four of the five only cities in which the rate of unemployment claimants higher than 10% is registered are Arabs, and one of them is mixed. These are the cities of Umm al-Fahm (with an unemployment rate of 17.8% in July), Rahat (17.3%), Nazareth (12.9%) and Shefar'am (10.5%). The mixed city of Acre is the fifth city with a unemployment rate higher than 10% - with 12.7%. Only in three cities was there a decrease in the number of job seekers at a rate of less than 20% - two of them Arabs (Umm al-Fahm with 7.5% and Rahat with...

Prime Minister Naftali Bennett gave the green light for the establishment of the State Commission of Inquiry into the Submarine Affair, and the vote on this will be submitted to the government for approval at its next meeting on Sunday. The decision was made after discussions between Prime Minister and Defense Minister Bnei Gantz, Justice Minister Gideon Saar and Foreign Minister Yair Lapid. Gantz, who more than any other government minister promoted the establishment of the committee, welcomed the agreements: "This is a national need, and I thank the prime minister, the foreign minister,...

Teva pharmaceutical company held a press conference Sunday at its new headquarters in Tel Aviv, where it presented its goals for the coming years, which it provided with the publication of the latest reports. In 2027, Teva expects to reach an operating profitability rate of 30%, a debt-to-EBITDA ratio of 2, a cash-to-earnings ratio of 80%, and to return to growth, after several years of revenue erosion. Carr Schultz, Teva's president and CEO, presented Teva's progress since 2017, when he took office. "In 2017, we set goals. One of them was business optimization. 80 production sites - we...

Chip giant Renesas, a leading Japanese provider of advanced semiconductor solutions, is acquiring Celeno Communications from Raanana, which provides Wi-Fi solutions. Under the agreement, Rensas will purchase Selno in cash, for $ 315 million (approximately $ 35.8 billion), of which $ 45 million will be paid only upon meeting a number of targets in accordance with the final terms of the agreement. The company's CEO and founder, Gilad Rosen, said in a conversation with journalists that the goals set are those that the company can successfully meet

South Korea rose to first place in the Bloomberg Innovation Index, after Germany, which was in first place last year, dropped to fourth place. The United States, on the other hand, dropped out of the top 10 after being in ninth place in 2020, while Israel was ranked seventh, down one step from last year. The Asian nation is now in first place in seven of the nine years the index is published. One and ranked second and third respectively. The Bloomberg Index analyzes dozens of criteria using seven equivalent metrics, including research and development spending, manufacturing capacity, and...

Food giant Osem is not content with raising consumer prices to improve profitability. The company plans to reduce the salaries of the sales force division. This is a division of more than 100 employees and is responsible for sales in the amount of NIS 4 billion. Yesterday morning, the brigade's workers decided to strike a warning strike with the approval of the Histadrut and did not go to work in the field. Chairman of the Trade Division Workers' Committee, Shlomi Aviv, said that "the company wants to cut our sales component by 20%, so we stopped the work. For years we have hired including...

After quite a few delays, the "Shark" rig arrived in Israel and infuriated the Lebanese. The reason for this lies in the conflict over the economic maritime border between Israel and Lebanon, an area with the potential to find gas reserves that could dramatically improve the precarious economic situation of the land of cedars. In order to protect the rig, last week the Economics Committee approved a no-go zone at a distance of about 500 meters from the outer edge of the rig, and within a radius of 1,500 meters around the location of the rig. In Israel, they intend to produce gas from a...