In a move that has sent shockwaves through the global tech industry and raised eyebrows among geopolitical analysts, US-based technology titan and semiconductor giant Intel has announced the suspension of its colossal US$25 billion expansion project in Kiryat Gat, Israel. Despite widespread speculation, Intel has remained tight-lipped about any direct connection between this decision and the ongoing conflict between Israel and Hamas in Gaza. However, a report today in the Israeli daily financial newspaper Globes attributes the move to cash issues the chipmaker is having.

13 June 2024

Read more: Cashflow Problems Halts Intel $25 Billion Chip Plant Expansion

Israel is facing significant challenges in meeting its fiscal deficit target of 6.6% of GDP by the end of 2024. Recent reports from the Ministry of Finance indicate a widening fiscal deficit, which reached 7.2% of GDP over the past 12 months, translating to NIS 137.7 billion. This marks an increase from 6.9% at the end of April, highlighting the difficulty in achieving the target set by the budget law.

09 June 2024

Read more: Israel's Fiscal Deficit Rises To 7.2% Exceeding 2024 Target

Colombian President Gustavo Petro announced Saturday that his country will suspend coal exports to Israel in a dramatic rebuke against what he described as Israel’s "deadly war" against Hamas in Gaza. This bold move has sent shockwaves through international diplomatic circles and further strained relations between the two nations.

09 June 2024

Read more: Israel's Primary Source Of Coal, Halts Exports To Jewish State Over Gaza War

In a dramatic turn of events, the Israeli retail giant Fox-Wizel Group (TASE:FOX) has been dealt a significant blow according to the Israeli business daily, Globes. The globally renowned coffee and freshly prepared food franchise, Pret a Manger, has abruptly terminated its franchise agreement with Fox, citing the ongoing war as the primary reason.

02 June 2024

Read more: Pret A Manger Cancels Israeli Franchise To War And Boycott Threats

In a stark and alarming declaration, 130 of Israel's most esteemed economists have issued a dire warning: the current policies of the Israeli government regarding the ultra-Orthodox (haredi) population, coupled with their rapid growth, are steering Israel towards a catastrophic economic and social collapse. This resounding message was delivered in a scathing letter that leaves no room for ambiguity about the impending crisis.

28 May 2024

Read more: Economists Warn: Israel's Policies Towards Ultra-Orthodox Risk Nation's Collapse