Articles

The Hertz Car Rental Company has applied for credit protection and liquidation protection, also called for bankruptcy. Hertz announced that it could not pay its debts totaling eighteen billion and seven hundred million dollars, with only $ 1 billion remaining. The announcement does not include company branches outside the United States and they will continue to operate normally. The Hertz branches also continue to operate for the time being. Outgoing CEO Catherine Marinello announced that no company can continue to rely on a situation where it has no revenue The Corona epidemic caused...

The IEC purchased nine liquefied gas (LNG) cargoes, totaling one billion cubic meters (BCM), about 20% of Israel's annual consumption of gas, already starting to arrive in Israel, the company paid $ 100 million. The parties to the agreement may make price adjustments, which will be expressed on two dates: the first of July 2021, with the possibility of a 25% change in both directions; And the second, in July 2024, of 10%. The purchases, under SPOT contracts, were made at an average cost of $ 3 per unit of heat, which is about 50% lower than the price of gas purchased by the electricity...

The government approved the expansion of the aid plan budget by NIS 14 billion on Sunday. According to the Treasury's calculations, together with the aid provided by leveraging those budgets, the total aid package is NIS 100 billion, but the actual implementation is much lower, of course. The expansion approved by the government today will allow the NIS 8 billion loan to NIS 14 billion to expand to NIS 8 billion, financing tools for high-tech companies of NIS 2 billion, providing state guarantees for vendor credit worth $ 750 million and more

The Corona crisis led to a sharp increase in Strauss's sales but contributed to erosion of its profitability in the first quarter of 2020. The company earned NIS 171 million in the last quarter - down 0.3% on its corresponding quarter in 2019. The company's management report consolidates - in contrast to accounting rules - Strauss's relative share of the financial results of companies it holds only 50% of its shares, and does not control them like Strauss Frito Lei, which produces savory snacks, Sabra that produces chickpeas and tres Coracoes Brazil's largest coffee company, with Strauss's...

About 60 students from Israel from 3 academic institutions (Tel Aviv University, Hebrew University and Interdisciplinary Herzliya) participated in the L'Oreal Marketing Innovation Competition - BRANDSTORM this year and joined 40,000 students who participated in the competition worldwide. The theme of this year's competition was sustainability: BUILD A PLASTIC-LESS FUTURE IN THE BEAUTY INDUSTRY, in collaboration with L'Oreal's consumer products division. Eighteen outstanding students rose to the final stage, and last week (19.5.20) the final competition was held, as the winning team from...

10 days after US Secretary of State Mike Pompeo warned of winning Chinese Hutchison Group tender for establishment of Sorek 2 Desalination - Joint Committee of Energy and Water Ministry Announces Joint Group of Desalination Company IDE and Bank Leumi in Tender The facility, which is being built near zero from sensitive security facilities, has an output of 200 million cubic meters per year, will be the largest of its kind in the world and increase Israel's desalination capacity by 35%

The government ministers (Tuesday) confirmed in a telephone poll the cancellation of a series of restrictions created for the Corona period. Tomorrow, swimming pools, tourist attractions and the number of people allowed in confined spaces will be opened. As decided by the Prime Minister's Office, the restaurants, bars and public transport will also be opened. It was stated that "the reliefs have been approved due to the prolonged decline and stabilization in the number of new verified patients every day, in view of the steps taken by the government to prevent the spread of the corona virus

The Ministry of Communications published the 2019 Public Inquiry Report and the Public Inquiry Summary during the Corona crisis. The report segments the complaints received by the office during the spread of the Corona virus: March 15 through May 10. During this period, 1,526 complaints and inquiries were received - most in the area of ​​quality of service, with 884 complaints and inquiries in the corresponding period in 2019 - an increase of 73%. The cellular company that received the smallest number of complaints per 10,000 subscribers is Pelephone that leads with 1.4 complaints....

Health Minister Yuli Edelstein announced a policy change in the Corona inspections. A statement to the media made it clear that from now on, tests across the country will be expanded even without the detection of symptoms, and not just in schools as has been the case until now. "People without symptoms who have been in close contact with a verified patient at school, people without symptoms who have been in close contact with a verified patient as part of an institutional discussion - protected housing and the like, and at the discretion of the attending physician - I allow any physician...

Following negotiations in the past few weeks between the Histadrut, the Pelephone employees and the company's management, the parties signed a new agreement that will allow the company to deal with the consequences of the Corona crisis, while reducing the damage to its employees. Negotiations on the agreement were led by MZA VP of Zvika Abramovitz, Chairman of the Cellular Workers 'Union, Internet and High Tech at the Yaki Pioneering Federation, and Chairman of the Workers' Committee Yechiel Shemen. Accompanying the negotiations: Prof. Yaron Zelicha Dr. Kfir Ze'ev of the Orna Lin office,...