Economy

Mnuchin and Friedman held multiple strategic business meetings this week with companies mainly in the country’s center. Foreign investors should have confidence in investing in Israel today, even amid the Israel-Hamas conflict, former US Secretary of the Treasury Steven Mnuchin told The Jerusalem Post on Thursday. Mnuchin came to Israel …

Perhaps AI is a busted flush. Perhaps the revolution will just take time Many economists believe that generative artificial intelligence (ai) is about to transform the global economy. A paper published last year by Ege Erdil and Tamay Besiroglu of Epoch, a research firm, argues that “explosive growth”, with gdp …

ASML, a mighty Dutch tech firm, is at the heart of it Ten times a second an object shaped like a thick pizza box and holding a silicon wafer takes off three times faster than a manned rocket. For a few milliseconds it moves at a constant speed before being …

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be a year unlike any in America’s post-war economic history? Never since 1945 has annual inflation, measured by the consumer-price index, fallen from above 5% to below 3% without a recession at the time of the …

The “superconnector” suffers the worst of both worlds Sevva, a swanky bar and restaurant with electrifying views, has been serving bankers and sightseers for more than 15 years. From its terrace, you can peer over a cocktail and through the office windows of hsbc across the road. The restaurant’s cuisine …

Economists attempt to answer a profound political question It is part metaphor, part myth and part history. Thomas Hobbes thought life there was nasty, brutish and short. John Locke disagreed, proclaiming that it was where people first learnt how to own things. Jean-Jacques Rousseau described it as the place where …

Shareholders have had a remarkably good year. Forecasters have had a terrible one Financial markets will always produce surprises. After all, by the time a consensus has formed, people will have bought or sold accordingly. The move has already happened; the future has something else in store. Even accounting for …

Planning authority sees nearly 50% rise in new housing agreements, while protected spaces and green energy projects also increase Planning approvals for new housing reached a five-year record in 2022, according to a new government report, with figures showing that 158,407 housing units were given the go-ahead over the course …

With price highs and transaction lows, securing a property deal seems harder than ever It is easy to rattle off numbers that can turn most homeowners into on-paper millionaires, and convince those who do not yet own a property that they will need to win the lottery to do so. …

Israeli conglomerate to acquire 44.48% stake in citrus fruit marketing real estate company from Discount Investment Israeli energy conglomerate Delek Group announced on Monday that it is buying control of citrus fruit supplier and real estate investor Mehadrin Ltd. in a deal worth NIS 249 million ($68 million). Delek, which …