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Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

American Equity Fund Helman Friedman signed a purchase deal with Israeli cyber company Checkmarx this morning. The company was fully sold in a cash deal for $ 1.15 billion. However, as part of the Checkmarkx shareholder's deal, including Insight - they have exchanged some of their proceeds in acquiring shares, as is customary in private equity deals. The company was sold through a quick auction process that began on Thursday, during which a number of huge funds were bidding on the deal. And it closed in three days. This is Insight's first sale in Israel, and it gives it a significant...

The government (Sunday) approved the use of surveillance through cell phones to fight Corona. According to officials of the Justice Ministry, according to the approved outline, both the paths of the verified patients' paths through their cellular devices will also be reviewed and an attempt will be made to locate people who were around and possibly infected. In the first circle, to be conducted by the police, patients will be asked to confirm their cellular examination to check where they were - instead of the questioning conducted today by a medical staff member. In some circumstances,...

The directives announced by Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon in the shadow of the krona crisis will lead to a NIS 45 billion damage to the Israeli economy. That's how the chief economist of the Treasury, Shira Greenberg, estimates. Greenberg states that the measures announced to combat the spread of the Corona epidemic are expected to bring about a decline in GDP, estimated at about NIS 25 billion (representing about 1.6% of GDP). In addition, Greenberg estimates that the decline in GDP as a result of the measures announced until last weekend, alongside...

Approximately 5,000 Alel employees are leaving the USSR today after the workers' committee has withdrawn its opposition to the move. At the same time, progress has been made in committee and management relations, and talks have been taking place between the parties in recent days. Despite El Al's publications 10 days ago regarding the removal of workers from the USSR, nothing was actually done due to the opposition of the committee.

Benjamin Netanyahu, Israel’s prime minister for the past 11 years, is never one to waste a good crisis. In recent days he has used his televised briefings on the covid-19 pandemic to exhort the leader of the opposition, Benny Gantz, to join an emergency unity government—under Mr Netanyahu, of course. The prime minister seems undeterred by the failure of his coalition of nationalist and religious parties to win a majority in the parliamentary election on March 2nd, or by the charges of bribery and fraud that he faces for allegedly receiving illegal gifts and trading favours for positive...

Melisron reported a cut in executive and board wages in light of the Corona crisis and damage to the company's operations. According to the report, Chairman of the Board Liora Ofer is giving up monthly benefits; the CEO and VP will absorb a cut of 20% of their salary; Melisron is a mall company, and as such, is exposed to the country's guidelines most acutely. The company noted that the directives - which include shopping malls and entertainment venues, including restaurants and cafes, and reducing access to workplaces - led to the closure of most stores in the company's malls. This is...

Conflict, urgency, shouting and great disappointment: While more than a thousand backpackers are making their way back from South America back to the country, 23 Israelis remain in Lima the capital of Peru after finding no place on flights. Four EL AL planes and another Lattam leased aircraft that took off from Cusco are involved in the complex flight of Israeli backpackers. Last night, after two El Al planes took off from Lima airport, it became clear that some Israelis had no place in the planes. It also turned out that many of those who arrived at the airport were not registered at all...

The government-approved emergency restrictions last Thursday, as part of the fight against the spread of the Corona virus, will officially take effect as of Sunday at 8 a.m., which includes some changes from the document released this past week. Before the official document, Prime Minister Benjamin Netanyahu discussed Saturday's need to tighten restrictions in order to reduce house exits. This, after hundreds of civilians in the middle of the country took to the streets, and spend the beach and municipal parks - despite the Ministry of Health's anti-rallying guidelines. At present,...