Amazon to invest $7.2B in Israel, launches Tel Aviv data centers
“Israeli society and democracy are coming out strengthened,” Prime Minister Benjamin Netanyahu says after the announcement.
Economy
S&P sounds alarm over judicial reform, cites potential 'domestic political confrontation'
The agency's report follows a similar warning issued by Moody's rating agency on Tuesday. "We consider that domestic political polarization and volatility in Israel will remain high in the coming months," it says, noting that for now, "the prospects for adoption of other parts of the judicial reform remain unclear."
Fitch Ratings keeping close eye on judicial reform, to publish decision soon
"Fitch knows that Israel has a strong economy, but they want to see what will happen with the judicial issue," an official involved in the matter says.
Stars and stripes meet blue and white high-tech
One might imagine that the American dream for Israeli entrepreneurs is only in the Big Apple – or perhaps also Silicon Valley, Los Angeles, or Miami. But one of the biggest hubs for Israeli companies in the US is actually New Jersey.
Lacking land, Israel to cover its rooftops with solar panels
Although drenched in sunshine, Israel is too small to rely on traditional, land-intensive photovoltaic power plants.
Central banker tells Israel Hayom pause in rate hikes likely in current circumstances
Bank of Israel Governor Amir Yaron cautioned that while the "interest rate environment" makes it possible to reach inflationary goal, he could not make a definite promise on what will happen to interest rates.
Bank of Israel hikes key rate as weak shekel keeps inflation high
Deputy Governor Andrew Abir said the central bank was pushed to raise interest rates more than it had hoped in recent months due to the government's judicial overhaul plan that has fuelled political uncertainty, prompted sharp criticism at home and abroad, and raised Israel's risk premium - leading to a weaker shekel and higher inflation.
Survey: Majority believe gov't has failed to act on cost of living
Israel Democracy Institute survey shows that Israelis lay the blame for the rising costs of housing and food on the politicians rather than on the large corporations, with only 8% giving it a positive grade.
Netanyahu: S&P credit affirmation a vote of confidence
S&P affirms its Aa-/A-1+ credit rating and stable outlook for Israel in an expectation for tensions over the judicial reform to ease.
Mobileye shares sink as China EV demand ebbs
Mobileye's shares were trading at $33.17 per share, down about 23%.