Business & Finance

Teva says the Austedo approval was the second approval in China for one of its specialty medicine, adding that it will commercialize the medicine in China independently.

Flag carrier is seeking state-backed loans of $400 million to help it through the coronavirus crisis. El Al has presented its own plan that includes an unknown number of layoffs. Finance Ministry denies plan to dissolve airline.

First military deal between the two countries also includes an option to buy the system. Defense Ministry says agreement with the Hellenic Ministry of National Defense was signed digitally due to the coronavirus crisis.

US Justice Department says Israel's biggest bank admitted assisting US clients to evade taxes. Hapoalim to pay $874 million to settle tax evasion claims, $30 million over international soccer federation affair.

The NIS 8 billion ($2 billion) appropriation includes $113,000 grant per business. Over 600,000 self-employed Israelis to be eligible for special benefits.

Tourism and hospitality sectors, as well as a substantial part of the private sector, have been hit hardest by the coronavirus outbreak as efforts to curb the spread of the virus had slowed economic activity to an unprecedented 15% capacity.

Defense electronics giant to integrate satellite communication systems and automatic takeoff and landing systems into the Hermes 900 unmanned aerial vehicle its clients are already operating.

The decision on whether to bail out Israel's national flag carrier now falls to Prime Minister Benjamin Netanyahu.

The quarterly figure includes 139 deals, up 76% from a year earlier. It was boosted by $400 million raised by ridesharing company Via Transportation.