United States

Steven Scheer

Teva Pharm second-quarter profit tops forecast, reaffirms 2020 outlook

Aug 05 2020

TEL AVIV Teva Pharmaceutical Industries' quarterly profit beat estimates by two cents and the company reaffirmed its outlook for 2020 despite uncertainty generated by the COVID-19 crisis.

Israeli leaders locked in budget battle as economic crisis deepens

Aug 04 2020

JERUSALEM A stand-off between Prime Minister Benjamin Netanyahu and his main coalition partner over passage of Israel's budget threatens to trigger its fourth election in a little over a year amid an economic crisis fuelled by the coronavirus outbreak.

Israel's 'Bibi generation' starts to turn on Netanyahu over economy and COVID-19

Jul 31 2020

TEL AVIV For two months, many Israeli television viewers watched nightly as Prime Minister Benjamin Netanyahu issued warnings and updates about the novel coronavirus and imposed lockdowns. | Video

Israeli chipmaker Tower profit dips, sees some markets growing

Jul 29 2020

JERUSALEM Israeli chip manufacturer Tower Semiconductor matched forecasts for unadjusted quarterly earnings, saying a downturn in its medical X-ray and automotive business had been offset by sales of mobile and power management chips.

Netanyahu faces pushback over money-for-all coronavirus grants plan

Jul 16 2020

JERUSALEM Prime Minister Benjamin Netanyahu got a lukewarm reception on Thursday from his main coalition partner and the head of the central bank to a plan to grant money to all Israelis to kickstart the economy during the coronavirus crisis.

Israel government panel opposes Bezeq plan to merge its units

Jul 15 2020

JERUSALEM, July 15 A government committee on Tuesday recommended Israel's telecoms regulator to reject plans by Bezeq Israel Telecom to merge its main land-line infrastructure with its mobile phone, internet and satellite TV units due to its market dominance.

Israel's Bezeq to double internet speed, eyes fibre network launch

Jul 12 2020

JERUSALEM Bezeq Israel Telecom said on Sunday it would soon double internet speeds to 200 megabits per second after receiving long-awaited approval from regulators.

Israel central bank's Abir says buying corporate bonds to prevent layoffs

Jul 08 2020

JERUSALEM The Bank of Israel's decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs as a result of the coronavirus pandemic, deputy governor Andrew Abir said.

Israel pushes back creation of sovereign wealth fund as gas revenue trickles in

Jul 07 2020

JERUSALEM Israel has pushed back the creation of a sovereign wealth fund because tax revenue from natural gas has not yet hit the minimum needed to begin investing, and fund managers have not yet been chosen, Bank of Israel Deputy Governor Andrew Abir said on Tuesday.

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