“Israelis have a positive reputation for innovation in China,” an executive from a cyber-security company said, with Israeli firms supplying a range of advanced products in China – from “smart factories” to protecting online ads.
However, the average value of exits in the first half of 2020 was $112 million, the highest since 2015. Global pandemic has had "significant affects" on high tech industry, analyst says.
In June alone, 2,038 Israelis filed for bankruptcy, compared to 1,165 applications in June 2019, Justice Ministry says. Businesses in the restaurants, tourism, and events industries struggle the most.
The prospective buyer is the son of businessman Ken Rozenberg, owner of one of the largest chains of nursing homes in the United States.
Layoffs expected to save Israel's national air carrier $88 million per year. Some workers to be given early retirement, others will leave with "enhanced" severance packages.
According to the state prosecution, the vehicles would not have been allowed into the country if the real data on diesel engine emissions had been provided.
Under the deal, the company will receive loans of $250 million, most of which will be guaranteed by the state. The company is expected to raise an additional $150 million by selling shares that, if they aren’t sold entirely to the public, will be bought by the state.
El Al’s fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on salary and spending cuts to get government aid.
Three-quarters of halls and venues won't reopen after August, owners warn, demanding immediate relief for their sector's 150,000 employees.
"There is a growing demand for our maritime solutions. I believe that the unique combination of a diverse portfolio of operational systems and groundbreaking technological innovation enables us to effectively address the evolving needs of maritime forces," Elbit official says.