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.
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.
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
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.
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.
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.
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.
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.
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.