The global advertising industry landed in Cannes for the bargaining stage over artificial intelligence's place in the field. Some brands are already turning soccer fields into sales engines. Will AI force us to think like lions? Impressions from the Riviera. A commentary.
A day after SpaceX completed the largest IPO ever recorded, raising $75 billion, its shares surged by tens of percentage points in their first day of trading on Wall Street. The rally pushed the company’s valuation above $2 trillion.
Website-building giant Wix announced painful cuts of 20% of its workforce in a dramatic Zoom call this morning. At the same time, fintech company Rapyd is also launching a broad round of layoffs, just days after its CEO bought a 50% stake in the ownership group behind Maccabi Tel Aviv Basketball.
The index compiled by Henley & Partners, the world’s largest firm for investment migration, and AlphaGeo shows that risk is rising worldwide, while Israel’s position has improved slightly despite the war.
A confluence of geopolitical signals – from a reported IRGC power grab in Tehran to the UAE's surprise OPEC exit – is rattling commodity markets just hours before the Federal Reserve's next rate decision.
The dollar continued to slide, hitting a new low of 3.01 shekels. “Even in a scenario in which we do not return to active fighting with Iran, growth in the second quarter of this year will not resemble in strength what we saw in the second half of 2025."
This piece was written at the start of trading in New York and should be read in that context. Even so, more than anything else, it reflects the mood on Wall Street at the opening bell.
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.
