Articles

El Al lost $ 105 million in the second quarter of 2020, compared with a profit of about $ 100,000 in the same period last year, according to the financial statements published by the company tonight (Wednesday). El Al's losses in the first half of 2020 amounted to approximately $ 244 million. The reports also show that the company has a negative cash flow from operating activities of approximately $ 23 million, compared with a positive cash flow of approximately $ 110 million in the corresponding quarter last year. It should be noted that the results for the quarter are affected by the...

Phoenix Insurance Company ended the second quarter of 2020 with a total profit of NIS 748 million and a total profit of NIS 171 million in the first half, according to the financial report published by the company this morning (Sunday). Tomorrow, Harel Insurance Company will publish its reports, It remains to be seen whether the Phoenix (+ 0.06% 1648) will remain the highest earner in the industry. The source of the increases in the Company's profitability is in the increases in the capital market that were properly utilized by the Company's investment managers, as well as in the increase...

The head of the budget department in the Ministry of Finance, Shaul Meridor, announced his resignation on Sunday evening. "In recent months, and even more so in recent weeks, the ability to perform my duties as head of the budget department has become impossible," Meridor wrote to Minister Israel Katz in his resignation letter. "Unfortunately, you do not allow me and many other public servants in the various divisions of the Ministry of Finance and other government ministries to do what we know how to do - formulate, propose, analyze and criticize policy measures that will allow the...

The Corona Cabinet approved on Sunday evening the traffic light layout of national projector Prof. Roni Gamzo. According to the outline, each locality will be subject to other restrictions, depending on the level of local morbidity. How do you determine which red city and which only yellow? How does the ranking affect businesses and cultural venues? And how the prayers will be held on Rosh Hashanah, Yom Kippur and Sukkot. As part of the traffic light program, each local authority will be given a score of 0-10 according to the formula that takes into account the following parameters: number...

A general strike in the midst of the corona crisis is approaching. On Sunday, talks between the heads of the Histadrut and the department in charge of salaries at the Ministry of Finance came to a dead end, regarding wage cuts planned by the Ministry of Finance for the public sector. The contacts have reached a dead end and the current situation is that Finance Minister Israel Katz intends to bring the austerity plan to the government's approval on September 13 - and on the same day the Histadrut plans to shut down the economy altogether. Following the explosion of talks, Histadrut chairman...

The Corona Cabinet decided on Monday towards midnight that studies in the 23 local authorities defined as “red” due to high morbidity figures will not open today. The decision was made unanimously in the cabinet, and is valid until Thursday. Then the ministers will convene again and discuss whether to impose a closure on some of those local authorities. Wherever a closure is imposed there will be no studies. The Ministry of Health has published a list of the 23 authorities, which according to the "traffic light" program of the projector Prof. Roni Gamzo will be subject to many...

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...

The Israeli fintech company Payoneer is expanding, against the background of the leap in the world of global trade, and is recruiting 150 employees in Israel and a similar number in the company's dozens of branches around the world. More than half of the jobs are in the fields of development (software and testing engineers, data and IT people), while the rest are divided into all other positions, from project and product managers, through operations to marketing. "We want to recruit these employees as quickly as possible. This is a program that needs to be put into action at top speed - we...

The rating company S&P announced last night that it had downgraded Teva's credit rating by one level - from BB to BB - which is a rating of junk bonds and 3 levels lower than an investment rating. S&P, which set a stable rating outlook, justified the downgrade by an increase in the legal risk that Teva faces (+ 0.66% 9.19) and its exposure to the payment of substantial sums in lawsuits related to claims of marketing policies that increased the narcotics-opioid epidemic that caused 400 deaths. -2017; Coordinated price and tender affair in the U.S. generic drug market and in the case of...

An intriguing exhibit on the aerial shelf - Tiny helicopters without a pilot: IAI's multiplayer system will be presented for the first time in the coming days as an advanced technological technological solution for monitoring, observation, control and cargo transport tasks. Unlike the glider world, which is booming in the use of the IDF and other security bodies, the unmanned helicopters provide a dual advantage that lasts for prolonged stays in the air for several hours in a row and carrying heavier weights