Category: Business

 Germany plans to buy Israel’s Arrow-3 missile defense system for almost 4 billion euros ($4.30 billion) in total and will ask lawmakers to release advance payments of up to 560 million euros next week, according to documents seen by Reuters on Friday. The Arrow-3 is designed to intercept ballistic missiles outside of the Earth’s atmosphere. […]

A new research report on banking in the Arab sector indicated that there’s less competition in the provision of services to the Arab sector, compared to the Jewish sector. The report, which was published by the Competition Authority for public comment on May 15 for the first time, shows that the study identified a significantly […]

An investigation by the Wall Street Journal in collaboration with external researchers from Stanford University and the University of Massachusetts Amherst revealed that Instagram had operated a “wide network” of accounts dedicated to pedophilic content. Unlike forums and file-sharing services where illegal content distributors typically hide, Instragm’s algorithm actively promoted such content. The company acknowledged […]

BIRD Aerosystems will launch a new environmental monitoring system at the Paris Air Show later this month. The defense technology company usually develops solutions for governments and related agencies to protect the air, sea and land. Its new ASIO solution will address the critical challenge of maritime pollution detection by preventing costly and ecologically devastating […]

The northern complex in the Tel Aviv Park project is being carried out by The Donitz-Elad construction group and is one of the largest urban renewal projects in the central region as a whole, and in Tel Aviv in particular.  The northern complex, located in the new Tel Aviv Park district in the southeastern part […]

Teva Pharmaceutical Industries TEVA.TA on Wednesday agreed to pay Nevada $193 million to settle claims that its marketing practices fueled opioid addiction, the state announced. Nevada was one of two states, along with New Mexico, that did not join a $4.35 billion nationwide settlement with the Israel-based drugmaker last year. New Mexico has also since […]

The gender wage gap between men and women in Israeli hi-tech currently stands at 30%, and only 3% of CEOs in the industry are women, newly published data revealed ahead of the Mind the Gap conference that will take place later in June. The findings were published by the company Compete ahead of the conference, […]

Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year to stop […]

Reports of an Artificial Intelligent (AI) drone killing its military operator in a simulation in London have made appearances in global media over the last week. However, the US military denies that this simulation ever happened.  The alleged simulated death occurred during a simulation test ran by Air Force Colonel Tucker Hamilton.  According to reports, […]

Dozens of senior executives in Artificial Intelligence, academics and other famous people have signed a statement warning of global annihilation by AI, stating emphatically that fighting this threat of extinction should be a global priority and calling to reduce the grave risks of AI. “Reducing the risk of extinction from AI should be a global […]