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Teva is embarking on an extensive cut at the Teva Tech plant in Ramat Hovav. The plant, which produces active ingredients for medicines, employs almost 700 workers, but by nature in the last years of the crisis in the company, its utilization has dropped to only 20%. The main reasons for this are a significant drop in sales of Copaxone, Teva's flagship drug for multiple sclerosis that the plant produces its active ingredients as well as the lack of major launches of generic products. The dismissals agreed with the committee will begin in 18 months, meaning they will take effect in January...

The unemployment rate in Israel increased slightly in July, but it is still low: from the data published by the Central Bureau of Statistics (CBS), it appears that the narrow unemployment rate increased in July to 3.7%, which is 159.5 thousand people, compared to a rate of 3.4% measured in June, which is 146.5 A thousand job seekers. Meanwhile, the employment rate also decreased, from 61.2% in the previous month to 60.9%, which is 4,195,800 employed. However, the number of unemployed and the unemployment rate are still lower than on the eve of the Corona crisis at the beginning of 2020

H2PRO, which develops technology for producing green hydrogen, is currently in the midst of a $ 70 million round of funding. The leading investor in the current round of funding is Temasek, a Singapore-owned holding company that manages the country's wealth fund with $ 283 billion in assets. In September 2020, Temasek acquired control of the Rivolis drip irrigation product manufacturer from the Pimi Fund at a company value of $ 456 million. It is estimated that the current round of funding for H2PRO will be based on a company value of $ 250-300 million before the investment

Danny Avdiah was selected in the NBA draft by the Washington Wizards and became the first Israeli ever to be taken in the lottery selection which are the first 14 selections in the draft. With his selection in the first round, the 19-year-old diamond also secured himself a contract in the best basketball league in the world and thus one can already congratulate the finished: Israel will have a third representative after Omri Caspi and Gal Makal in the NBA. Abdia did something extraordinary on an Israeli scale. To date, Omri Caspi has been the highest pick in the history of Israeli...

Thousands of women and men gathered in front of the Zeev Fortress in Tel Aviv on Friday to participate in a silent protest calling for the return of 101 Israelis held hostage by Hamas in Gaza. The protest, organized by the "101 Watch" initiative—founded by the mothers of the abductees—marked the first time the demonstration was held in Tel Aviv, having previously taken place in front of the Knesset in Jerusalem

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...

The Minister of Finance, the Governor of the Bank of Israel, the Chairman of the Histadrut, the Chairman of the Presidents of Employers and Businesses in Israel and the President of the Manufacturers' Association and the Chairman of the Presidents of the Business Sector, agreed on a "package deal" in the economy: Gradually raising the minimum wage to NIS 6,000; Employment flexibility and tools to stimulate the economy; Certainty in labor relations in the public sector. The package deal brings workers in line - the minimum wage will gradually rise to NIS 6,000, which will help reduce gaps...