Category: 6. Business
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Mobileye recognizes $2.7b goodwill loss
Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc. (Nasdaq: MBLY) recognized a $2.7 billion goodwill impairment loss in the third quarter of 2024. The company explained that this is a non-cash impairment… Continue Reading
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New Netanya neighborhood: 1,650 apartments, park, and regional hospital
The Central District Planning and Building Committee, headed by Attorney Micha Gidron, has approved the plan for the establishment of a new residential neighborhood called the “Golf Complex” in Netanya. This plan, initiated by the Israel… Continue Reading
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Property & Building in NY HSBC Tower lease talks with Amazon
Israeli income producing property company Property and Building Corp. Ltd. (TASE:PTBL) has notified the Tel Aviv Stock Exchange (TASE) that it is in talks to lease out 330,000 square feet (30,600 square meters) in New York City’s 10… Continue Reading
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Germany installs Trophy protection system on Leopard tanks
Representatives of the Israeli Defense Ministry’s Defense Research and Development Organization (DRDO) (Mafat) this week participated in the inauguration ceremony for Germany’s first Leopard tank to be upgraded with the installation… Continue Reading
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US Marines complete live-fire Iron Dome maneuvers
The US Marines have successfully completed their first live-fire air defense maneuvers integrating the Iron Dome missile defense system. The system is based on US radar, command and control with the Iron Dome Tamir missile… Continue Reading
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El Al pilots, executives raking in huge bonuses
El Al Israel Airlines Ltd. (TASE:ELAL) could not have dreamed of better compensation for the damage caused by the Covid pandemic, which almost led to its collapse, than the consequences of the war, which have resulted record profits… Continue Reading
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TikTok owner ByteDance founder is China’s richest person
The surging global popularity of TikTok has led ByteDance founder to become China’s wealthiest person, according to a report by the Hurun Research Institute. Zhang Yiming, 41, is now worth an estimated $49.3 billion – a 43% increase… Continue Reading
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Gold/Silver: Metals Mixed Overnight! What’s Driving The Rotation?
Phil Streible, a seasoned expert in the precious metals field, provided a comprehensive overview of the current market dynamics and future trends for gold, silver, and other precious metals in a recent Metals Minute commentary by Blue Line… Continue Reading
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Israeli AI software co Verax AI raises $7.6m
Verax AI develops enterprise-grade software solutions that provide visibility and control of AI in production. Israeli AI software company Verax AI today announced today the completion… Continue Reading
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Teva leapfrogs Check Point as Israel’s most valuable company
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA is once again Israel’s most valuable company. Teva has leapfrogged Check Point Software Technologies Ltd. (Nasdaq: CHKP) on Wall Street after the cybersecurity company’s… Continue Reading
