Category: Business

The Biden administration said Tuesday it has formed an interagency team to develop a national strategy relating to advanced air mobility efforts such as flying taxis. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the future of urban air mobility. Low-altitude urban air mobility aircraft have drawn intense global interest, with numerous […]

As the days get warmer and summer vacation gets closer, here are some interesting facts about travel that you may not have known. First, about 72% of Europeans plan to travel between the months of April and September this year. And while leisure remains the main reason for travel (69%), there’s been a decrease of […]

The Innovation, Science and Technology Ministry will lead the national effort to formulate a plan to remove barriers in the food-tech arena, Minister Ofir Akunis said Monday. The Ministerial Committee for Innovation, Science and Technology chaired by Akunis met Monday to discuss the urgent need for developing such a plan, which will be done in […]

Israel and Montenegro’s respective Defense Ministries signed a €20 million defense export deal on Monday for the Balkan nation to purchase weapons from Israel’s Ebit Systems. The deal will see Montenegro buy a number of weapons from Elbit Systems, such as 120mm mortar munition systems that can be mounted on armored vehicles. In addition, Montenegran […]

The World Health Organization (WHO) recommends breastfeeding babies until they’re two years old due to how breast milk significantly contributes to a baby’s health and development. This has led to a spike in the number of breastfeeding women and, as a result, a jump in the breast pump market, which has spiked by about 7% […]

Businessman and supermarket chain owner Rami Levi never ceases to surprise. Levi, who claims to sell chickens for one shekel per kilo, launched a comprehensive nationwide campaign using 1,500 billboards for his new ad shortly before Independence Day, Maariv learned. The million shekel campaign featured pedestrians. Levi has been significantly increasing the scope of the […]

Early-stage Israeli venture capital firm AnD Ventures has closed its first fund at $70 million, exceeding its initial target of $50 million. The firm aims to continue investing in early-stage Israel-based founders and has already invested in 10 companies, including Connected Insurance, Onebeat and InfiniGrow. AnD Ventures, founded by Lee Moser, Roy Geva Glasberg, and […]

“Rhinos are just fat unicorns. If we’d give them the time and attention they deserve, as well as a diet: They’d reveal their majestic ways” – Ashley Purdy “Rhinos are just fat unicorns. If we’d give them the time and attention they deserve, as well as a diet: They’d reveal their majestic ways” Ashley Purdy […]

The sportswear giant Adidas has decided to sell off its remaining inventory of sneakers from Kanye West’s Yeezy brand and donate the proceeds to charity. The decision comes roughly seven months after Adidas cut ties with West in the face of mounting pressure due to his stream of antisemitic comments. Adidas’ sales of the rapper’s […]

The credit rating agency Standard and Poor’s (S&P) stated on Friday that Israel’s credit rating remains unchanged, according to multiple reports, affirming Israel’s “Aa-/A-1+” rating.  The announcement by S&P came about a month after the rating agency Moody’s announced a downgrade of Israel’s credit outlook to ‘stable,’ instead of ‘positive.’ As for economic growth, from […]