Author: David Rutman

World stocks fell for a third straight day, as strong US jobs data bolstered bets on another US interest rate hike this month and tit-for-tat trade salvoes between China and the United States also dampened sentiment. Traders watched the traditional driver of global borrowing costs, the 10-year US Treasury yield US10YT=RR, climb to a fresh […]

The average monthly gross salary of employees in Israel rose by 5.3% in May 2023 to NIS 12,009, compared with May 2022, the Central Bureau of Statistics reports. Almost the entire rise was eroded by inflation, which was 4.6% over the 12-month period.  The average monthly gross salary in May fell from NIS 12,622 in […]

With Twitter already on the ropes, Meta’s Mark Zuckerberg delivered another blow to Elon Musk on Wednesday, ramping up the tech billionaires’ rivalry with the launch of Instagram’s much-anticipated companion service Threads, a challenger to Twitter. “Let’s do this. Welcome to Threads,” Zuckerberg wrote in his first post on the app, along with a fire […]

A new technology developed by Israelis could help reduce cycling accidents and improve safety for bikers in traffic. The novel chip was developed as a collaboration between Autotalks, an Israeli company that produces V2X (Vehicle-to-Everything) chips for technology designed to prevent vehicle crashes, and Canyon Bicycles, a German manufacturer of road bikes, mountain bikes, hybrid bikes, […]

Ben and Tom Bublil finished among the top ten in an international design competition for the new Airbus cargo plane. “We managed to stay original and do something that has never been done before. We are very proud”, said the brothers 26-year-oldBen Bublil and his brother 22-year-old Tom  finished among the top ten out of […]

Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year. Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung and Apple curbed sales in the country over the war […]

You don’t have to be a tech professional to have heard about the buzz around the generative AI chatbots that have completely changed the paradigm surrounding artificial intelligence development. Whereas AI applications once worked behind the scenes to automate production and administrative office tasks, we’re now talking about chatbots with which every consumer can interact […]

The first-ever flying car has been approved last week by the Federal Aviation Administration (FAA) for flight tests, according to multiple media reports. The vehicle, which is also 100% electric, is by Alef Aeronautics, a company in the automobile and aviation industry based in California whose goal is to develop and promote a flying car. […]

Mobility tech start-up NoTraffic has announced the successful completion of a $50 million Series B funding round for its platform, which aims to digitize the backbone of transportation and streamline the next generation of traffic mobility. The latest funding round will enable the company to accelerate its growth momentum by increasing production, research and development, […]

When Phyllis and her husband embarked on their new life in Israel five years ago, they did so buoyed by the hope that the country’s tax benefits would prove an economic boon. They were advised that once they moved to Jerusalem they would no longer need to pay State Tax in California, and that like […]