Business -

Free Apps’ True Price: Hidden Costs Beyond Personal Data Privacy

October 10, 2024David Rutman

“Free” mobile apps often come with a hidden cost: decreased focus, sleep deprivation, and procrastination. Researchers at Linköping University and RISE have uncovered the negative consequences associated with these seemingly free applications. Their findings offer valuable insights for policymakers and individuals seeking to minimize the detrimental effects of excessive app usage. “Putting things off, procrastination, […]

Iraq Central Bank Continues Gold Accumulation

October 9, 2024October 10, 2024David Rutman

The Central Bank of Iraq (CBI) has further expanded its gold reserves, adding 4 tonnes to its holdings in June and July. This brings the CBI’s total gold purchases for the year to 10 tonnes, lifting its overall gold reserves to 153 tonnes. New data from the IMF shows that the Central Bank of Iraq […]

Australian miner opens options-based hedge

October 9, 2024October 10, 2024David Rutman

An A$800 million Australian mining company announced this week it is hedging exposure to gold and diesel prices for production in the 2025 calendar year. Pantoro, which referred to the move as a “gold price protection facility” fostered by options covering about 24% of 2025 production, opened the trade without any premium payment made to […]

Czech National Bank Boosts Gold Reserves by Another 1.6 Tonnes

October 9, 2024October 9, 2024David Rutman

The Czech National Bank (CNB) has continued its gold-buying spree, adding another 1.6 tonnes to its reserves in September. This marks the 19th consecutive month of gold purchases by the CNB, bringing its total gold holdings to over 46 tonnes. The CNB’s decision to accumulate gold is likely motivated by a desire to diversify its […]

Xtype: Israeli Startup Streamlines ServiceNow Multi-Instance Management

October 9, 2024October 10, 2024David Rutman

xtype team (company pic) Xtype is an Israeli startup that offers software for multi-instance management on the ServiceNow platform. The firm raised $21 million in a Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital. ServiceNow is a cloud-based software-as-a-service […]

Israeli Startup Kando Revolutionizes Global Wastewater Treatment with AI-Powered Intelligence

October 9, 2024David Rutman

Kando is an Israeli startup and wastewater intelligence company dedicated to improving global wastewater quality through innovative solutions. The firm closed a $10 million investment round, bringing the total amount it has raised to $30 million. Wastewater quality is a critical global issue affecting water availability, public health, and the environment. According to the UN, […]

Gold & Silver Prices Plummet as Fed Rate Cut Expectations Dwindle

October 8, 2024October 8, 2024David Rutman

Gold prices took a significant dive on Tuesday, experiencing their largest percentage drop in over a month. This decline was primarily driven by a shift in market sentiment regarding the Federal Reserve’s upcoming interest rate cuts. Recent economic data, particularly the robust September jobs report, has tempered expectations for a more aggressive rate reduction. Spot […]

Multi-front war with Iran could devastate Israeli economy

October 8, 2024October 8, 2024David Rutman

A multi-front war, in which Israel is facing both Hezbollah and Iran, could have severe implications for the country’s economy, according to a report from Reichman University’s Aaron Institute for Economic Policy published late last month. A full-blown war with Hezbollah would also have significant implications, the report said. The report laid out two possible […]

Calling US and French immigrants to Israel

October 8, 2024October 8, 2024David Rutman

The wandering people often has tax links in more than one country. Below we report on some Israel- related tax happenings in the USA and France. USA – war relief available: The Internal Revenue Service has announced new relief for taxpayers affected by terrorist attacks in Israel. In practice, this includes US immigrants (Olim). In […]

North America dominates gold ETF inflows in September

October 8, 2024October 9, 2024David Rutman

Global gold exchange-traded funds (ETFs) continued their winning streak in September, attracting a total of $1.4 billion in inflows. This marks the fifth consecutive month of positive inflows for gold ETFs, highlighting growing investor confidence in the precious metal. North America led the charge, accounting for the majority of inflows during the month. This surge […]