Israel Financial News

Shares of Biogen slid Friday after a European regulatory committee said the Alzheimer’s treatment Leqembi should not receive marketing approval

Lebanon on Monday as diplomatic efforts were underway to contain soaring tensions between Hezbollah and Israel after deadly rocket fire in the annexed Golan Heights.

Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

Across the region, policymakers had brought down teenage pregnancies dramatically. The drop in birth rates, which occurred over the span of a single generation, was a stunning success. That was until it carried on.

Joe Biden for Gaza" and his continued support for the Israeli counteroffensive against Hamas.

Hezbollah militia in Lebanon.

Adidas has issued an apology to supermodel Bella Hadid for the “negative impact” of a shoe campaign that paid tribute to the 1972 Munich Olympics.The apology is the second from the sportswear brand, which just last week removed Hadid from the campaign and said it would be “revising” its advertising over criticism from Israel.Hadid, who is half-Palestinian, was photographed for Adidas’ relaunch of the retro SL72 trainers.The shoe was originally created to mark the 1972 Munich Olympic Games, where eight members of the Palestinian militant group Black September invaded the Olympic Village and killed two Israeli athletes. Nine other Israelis were taken hostage.The hostages, five Black September attackers and a German police officer were killed in a failed rescue attempt.After Hadid’s Adidas campaign was launched, Israel accused the 27-year-old model of antisemitism “and calling for violence against Israelis and Jews.”Hadid has faced criticism from Israel in the past, namely for her vocal pro-Palestinian support and her advocacy for relief efforts for Palestinians in Gaza during the Israel-Hamas conflict..@Adidas recently launched a new campaign for their shoes to highlight the 1972 Munich Olympics.Eleven Israelis were murdered by Palestinian terrorists during the Munich Olympics.Guess who the face of their campaign is? Bella Hadid, a half-Palestinian model who has a history… pic.twitter.com/IgdGq2OLmd— Israel ישראל (@Israel) July 18, 2024In a statement last week, Adidas said any connections to “tragic historical events” were “unintentional.”“We apologise for any upset or distress caused,” the company wrote.

Israel is engaged in selective and targeted killing of Hezbollah commanders to avenge the October 7 attack, in which Hamas militants killed more than 1,200 Israeli citizens and took hostage more than 250 civilians. In the Gaza War that followed the Hamas attack, Lebanon-based Shiite militant outfit Hezbollah fired hundreds of missiles at Israel, killing many civilians. Now, Israel is using drones and different types of missiles, weapons and intelligence-gathering equipment to hunt and kill Hezbollah leaders, reports 'Los Angeles Times'.

US-Israel relations move forward if Democrat Kamala Harris is elected president? What will be her approach to the ongoing Israel- Gaza War if it is stretched to the time she takes over? Will Kamala Harris increase financial aid and supply more weapons to the Jewish state in its fight against Hamas, which has been banned as a terrorist organization by the US? These questions are looming large over Washington as well as Tel Aviv.

Israel Katz said Israel was approaching an all-out war against Hezbollah and Lebanon after a rocket attack on a football ground in the Israeli-occupied Golan Heights killed ten people on Saturday, Axios reported.

Gaza on Saturday, killing dozens of people, as the country's negotiators prepared to meet international mediators to discuss a proposed cease-fire.

Netanyahu worked to mend ties with Republican presidential candidate Donald Trump on Friday and offered measured optimism about progress toward a cease-fire deal for Gaza as he neared the end of a contentious US visit that put on display the growing American divisions over support for the Israeli-Hamas war. At Trump's Florida Mar-a-Lago estate, where the two men met face-to-face for the first time in nearly four years, Netanyahu told journalists he wanted to see US-mediated talks succeed for a cease-fire and release of hostages.

A newly published report by Singapore’s Ministry of Home Affairs notes that the illicit use of crypto in terror financing is on the rise, though cash is still the dominant method used in transferring value.

Cyprus' energy minister says the future of an electricity cable linking the power grids of Greece, Cyprus and Israel will be settled next month

India’s cybersecurity market, worth about $6 billion in 2023, is set to see considerable growth in the near future with sub-sectors such as application security likely to spawn exciting firms, said Prayank Swaroop, partner at venture fund Accel.

Donald Trump, one day before meeting Israel's Benjamin Netanyahu, called for a quick end to its war with Hamas and a return of the hostages, adding that Israel has to better manage its «public relations». The former president, in an interview with Fox News on Thursday, also criticised those who protested the Israeli prime minister's speech to the U.S. Congress, calling for a one-year jail sentence for desecrating the U.S. flag.

The teams that proposed use cases in an initial challenge conducted earlier this year represent veteran financial companies, fintech firms, technology firms, and private teams. The use cases that were selected by an internal committee at the central bank deal with a variety of functions: connectivity between the digital shekel, other payment systems, and cash; use of the advanced functionalities offered by the digital shekel, such as subwallets, conditional payments, and split payments; and the implementation of various technologies while using the digital shekel as a means of payment. The central bank intends to put participant proposals to the test in a digital sandbox in August, with products developed to be showcased at a concluding conference at the end of October. Bank of Israel deputy governor Andrew Abir says: “We have learned quite a lot from the process thus far in building the Challenge and in discussions with the teams that have shown interest, and I am certain that we will learn much more from the case uses that will be developed by the selected participants.

Money talks, as they say, but even $23 billion of it did not convince the founders of Wiz Inc to sell the business to Alphabet Inc, parent of Google. Wiz, a New York-headquartered cybersecurity company that until recently would have been confused with a Hungarian low-cost airline or the name of a rapper, has apparently made the mother of all jiujitsu moves against the acquisitive tech giant.

Israel on October 7th, that “terrorism pays". Ireland, Norway and Spain are joining the majority of countries: almost three-quarters of members of the UN recognise Palestine. What exactly does that mean—and who are the holdouts? There are no binding rules about when one country should recognise another, but international law provides some guidelines.

The Biden Administration has been consistent: The Palestinian Authority must rule Gaza after the war. The White House dismisses Israel’s protests that the PA supports terrorism and is too feeble to resist Hamas as domestic political pandering. The only way to defeat Hamas in Gaza, says the U.S., is to hand the keys to Mahmoud Abbas and a “revitalized" PA.

crude inventories caused oil prices to rebound on Wednesday after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.