Category: 6. Business
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Silver production costs increase, but prices stay stagnant
An analysis of silver production costs and the metal’s price action raises several questions about the strength of the market in the future. In a recent report by Alan Kennedy, of Visual Capitalist, the cost to produce an ounce of silver in… Continue Reading
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Ilya Sutskever raises $1b for AI co SSI – report
SSI will focus on building a small highly trusted team of researchers and engineers split between and Palo Alto and Tel Aviv, company executives have told “Reuters.” Safe… Continue Reading
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Justice Ministry mulls abolishing betterment levy
Are we on the way to a dramatic change in the real estate market? Sources inform “Globes” that the Ministry of Justice, the National Planning Administration, and the National Planning and Building Council have begun to promote… Continue Reading
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Israel and India strengthen ties in drone threat seminar
As part of expanding strategic relations between the Israeli and Indian defense establishments, officials from the two countries held a seminar this week aimed at enhancing security cooperation in combating drone threats. The focus of the… Continue Reading
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Shekel sharply weaker in wake of Wall Street falls
The shekel is weakening sharply today against the US dollar and the euro. In late afternoon inter-bank trading, the shekel-dollar rate is 1.26% higher at NIS 3.717/$ and the shekel-euro rate is 1.35% higher, at NIS… Continue Reading
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Israel’s average monthly wage still rising
In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, the Central Bureau of Statistics reports. In July 2024, the average wage in Israel was NIS 13,683, up… Continue Reading
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Norway fund under growing pressure over Israel
Norway’s sovereign wealth fund is considering toughening the ethical criteria for its investments, and disinvesting from more global companies connected to Israel’s war in Gaza, “Reuters” reports, according to a letter it has seen… Continue Reading
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Israeli from start to finish: Intel unveils Lunar Lake CPUs
The Intel Corporation (Nasdaq: INTC) board of directors meeting in mid-September is fast approaching, and plans that the executive will present for solving the company’s liquidity problems continue to leak to the press and media…. Continue Reading
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90 laid off in Israel as Meta trims metaverse program
In October 2023, almost a year ago, Facebook parent company Meta Platforms Inc. (Nasdaq: META) decided to cut back its development of chips for the “metaverse”, CEO Mark Zuckerberg’s virtual reality vision that since then has… Continue Reading
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Gold Falls 0.50%, Silver Drops 2% as Dollar Gains Despite Weak US PMI
Gold and silver prices are under pressure today as the US Dollar (USD) continues to strengthen, fueled by rising US Treasury bond yields and mixed economic data. Gold (XAU/USD) is currently trading around $2,485.43, down nearly 0.50%, while… Continue Reading
