Author: David Rutman

Elon Musk withdrew a loan of $1 billion from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion loan, which was backed by some of Musk’s […]

ThetaRay, the leader in next-generation AI-powered secure global payments with offices in New York, Madrid, London, Dubai, and Tel Aviv, today announced a significant growth round led by Portage, with investments by existing investors JVP, OurCrowd, and others. The investment, totaling $57 Million, will enable ThetaRay to accelerate global growth plans and capitalize on significant […]

Charles Tyrwhitt, the British international men’s fashion brand, will open a chain of stores for the first time in Israel, with the first branch opening this week in the Grand Ofer Mall in Petah Tikva.  The new store, with an estimated investment of approximately NIS 1.5 million, will be about 100 sq.m. Several additional branches […]

The Bank of Israel confirmed on Monday that the country’s key interest rate will remain steady at 4.75%, aligning with expert forecasts. This marks the second consecutive time that the Bank has opted to keep interest rates unchanged, following a series of 10 consecutive hikes starting in April 2022. As noted, the decision is in […]

Foreign Minister Eli Cohen is looking to seal the establishment of a free trade zone between Israel and Bahrain during his first-ever visit to Manama, he told Bahraini paper Al-Ayyam on Monday morning. “We are looking forward to [signing] the free trade zone agreement and deepening the relationship between [Israel and Bahrain],” Cohen said. “The […]

With the rising cost of living and the impending recession, many workers are asking their employers for a pay raise.  Here are three tips that can help you negotiate successfully when it comes to asking for a raise: Tip one: Advance preparation  Do you know how much people in similar positions to yours earn in […]

Leading AI and large language model start-up AI21 Labs has announced the closing of a successful $155 million Series C funding round, in a striking demonstration of the soaring interest and investment in the rapidly evolving field of artificial intelligence. This substantial funding round — the third-largest fundraise by an Israeli company this year — […]

Imagine the following scenario: A video is published on the Internet, in which National Security Minister Itamar Ben-Gvir makes the following statement: “Senior officers in the Israel Police have informed the minister that the WhatsApp and Facebook groups of the anti-reform movement contain large quantities of inciting messages which could lead to endangering the lives […]

Banned in Paris but welcomed in Tel Aviv: electric scooters embark on their ‘aliyah’ journey, trading the boulevards of Paris for the beaches of Tel Aviv. September 1 marked a significant shift for Parisians as their streets, once dotted with rentable electric scooters, stood scooter-free. Many rejoiced, seeing the scooters as pedestrian obstacles, but others […]

Happiness does not fall out of the blue, and dreams will not come true by themselves. We need to be down-to-earth and work hard. We should uphold the idea that working hard is the most honorable, noblest, greatest, and most beautiful virtue. – Xi Jinping, general secretary of the Chinese Communist Party, chairman of the […]