Economy

The $3.5 billion deal, set to be signed Monday, has sent shockwaves through the shipping industry. ZIM holds $3 billion in cash accumulated over the years, meaning the company’s actual operating business is being valued at only $500 million.

Israel's Shipping and Ports Authority and Transportation Ministry were surprised by the scope and structure of the sale, structured in a way that makes it significantly more difficult for the state to block the deal, particularly given reported ties involving Qatar and Saudi Arabia which have drawn political attention in Jerusalem.

The company was sold overnight in a deal worth more than $3.5 billion. ZIM will be delisted from Wall Street, and its operations will be split between shipping lines that operate to and from Israel and international routes that do not call at Israeli ports. The company was founded by the Jewish Agency before the establishment of the State of Israel as ZIM Palestine Navigation Company and was privatized in the 1990s.

Modern philanthropy is not a question of generosity, but of management. Just as business capital is managed carefully, separating decision-making from implementation, social capital requires planning, timing, and discretion.

Prediction market shows strike probability has dropped significantly following first US-Iran talks in Oman. Only 3% expect action before February 9.

"Integrating smart autonomous systems on roads, under supervision and control, is another step toward strengthening road safety and reducing accidents caused by human factors," Transportation Minister Miri Regev said.

The Israeli Shekel has strengthened to a historic record of 3.09 against the dollar in the wake of the geopolitical shifts in the region.

The S&P 500 on track for worst day in two months, dropping 1.3% as trade tensions flared. Investors flee American assets at the opening bell, Deutsche Bank's Jim Reid warned of potential for "bigger moves" in markets if rhetoric escalates.

NYC Token plummets in value shortly after former mayor's launch, raising eyebrows. An NYC Token statement claimed it was due to partners having to "rebalance the liquidity" due to "overwhelming support and demand for the token at launch."

A strategic move to establish a formal economic office in Jerusalem strengthens ties between Texas and Israel. According to David Yaari, CEO of the Texas Israel Partnership: “This is not a symbolic step, but the creation of real growth engines that connect Israeli innovation with the economic power of Texas”