Business

This fund will not only provide financial backing but also establish innovation incubator hubs, fostering global collaboration in deep-tech technological vectors. In a move aimed at enhancing Israel’s global position as a hi-tech hub, the Israeli Innovation Authority (IIA), in collaboration with the Finance Ministry, has approved a comprehensive stimulus …

Why Western politicians should prepare for a second “China shock” China’s leaders are obsessed with lithium-ion batteries, electric cars and solar panels. These sorts of technologies will, Xi Jinping has proclaimed, become “pillars of the economy”. His government is spending big to ensure this happens—meaning, in the years to come, …

Former footballer’s brand more than doubles revenues to £72.6m as his wife’s business narrows losses David Beckham is celebrating a money-spinning year for the business built around his brand, but his wife Victoria’s fashion and beauty empire continues to require cash injections from its shareholders, the latest accounts show. The …

Property market weak, says Nationwide, which expects prices to remain flat or drop slightly in 2024 UK house prices fell by 1.8% during 2023, according to the closely watched Nationwide house price index, with activity in the property market described as weak throughout the year. Nationwide put the fall down …

Filipino nurses for Ohio-based company say they have been forced to pay thousands in fees after signing training contracts Filipino nurses are calling for the US’s top labor watchdog to review controversial “stay or pay” training repayment agreement provisions that have left them facing lawsuits and thousands of dollars in …

Insurance CEO cited for services to gender equality, while Stephen Hester and Gerald Ronson are also honoured About 25 people have been awarded honours for services to business in the new year honours list, with others working in business cited for other elements of service in public life. Two of …

Entrepreneurs and investors warn of ‘irreversible’ damage to economy; outgoing Finance Ministry chief economist calls on government to clear up political uncertainty A forum of top business leaders on Wednesday called on Prime Minister Benjamin Netanyahu to show “statesmanship” and ensure that the practice of appointing both a coalition and …

With dialogue and good faith, a clear and distinct process can finally emerge for making constitutional law Minister Bezalel Smotrich has in the past made a number of statements that were mistaken and inflammatory. Here at the Times of Israel, I was among those condemning his outburst in response to …

The mother of disability rights made me, a rabbi, see how traditional Judaism can be dehumanizing, in the guise of pity. About 13 years ago, Judy Heumann, the mother of the disability rights movement, publicly gave me a “speaking to” at a synagogue board meeting. I mean she really let me have it, with …

Net interest income increased 38% to NIS 13.5 billion as the Bank of Israel hiked borrowing costs from a low of 0.4% in April to 3.25% in November 2022 Bank Hapoalim, one of Israel’s largest lenders posted a record net profit in 2022 as rising interest rates and higher inflation …