ECONOMY

The cutbacks come just six months after the company shed dozens of employees from its development center in Tel Aviv.

Many payments ranging from the minimum wage to electricity rates are linked to the average salary, which has been distorted upwards by the layoffs of so many low wage earners.

In putting greater emphasis on yield, Bank of Israel Deputy Governor Andrew Abir says the foreign exchange reserves portfolio is including more volatile assets.

Rothenberg, 46, has risen through the ranks of the Accountant General's office over the past 13 years.

The IMF's latest report sees the Israeli economy recovering rapidly in 2021, although it stresses the uncertainty over the coronavirus pandemic.

The US giant's massive expansion confirms Matam High Tech Park as the place to be in Israel for global companies' R&D.

Minister of Finance Israel Katz announced a two year extension. The Dairy Board is threatening action in the High Court of Justice.

Governor of the Bank of Israel Amir Yaron presented a forecast of a debt:GDP ratio of 87% in 2023 without spending cuts.

Tel Aviv, tied with Osaka, is up two places in this year's table, which is topped by Zurich, Paris, and Hong Kong.

The plan promises a 17% reduction in emissions by 2030, compared with 2015, and the creation of thousands of new jobs.

Dr. Tal Zaks told "Globes" that "Israel was one of the first countries that believed in us."

The broad unemployment rate was 20.3% in October, but there was improvement in the second half of the month.

Israel has agreements with both Moderna and Pfizer for the supply of vaccines against the coronavirus.

Not all areas of the economy shared in the recovery, and the impact of the second lockdown is not yet clear.

The reading is within the range of market estimates. The latest home price figures show a fall, but there are regional variations.

A team is advising Prime Minister Benjamin Netanyahu and Minister of Health Yuli Edelstein on the progress of all companies developing vaccines.

The reform will be by way of regulation rather than outright decriminalization.

S&P mentions particularly the Bank of Israel's role in helping the government meet its financing needs.

Failure to pass the Economic Arrangements Bill is putting Israel's economic future at risk, argues Barak Herscowitz.

Normally law-abiding self-employed people claim they are forced to resort to criminal practices to survive.

The Quantum Technologies Consortium (QTC), part of the Israel Innovation Authority MAGNET program, will stream its annual Zoom workshop live on Globes website and on Facebook, on October 28 at 9am.

When failures happen, long-term reputation counts for more than apologies.

Minister of Environmental Protection Gila Gamliel and Petah Tikva Municipality draw up battle plans. Can Israel eradicate the formidable Formosa subterranean termite?

More Israeli tech companies are raising large financing rounds at "double unicorn" valuations. Is a tech bubble forming?

Some managers are toxic most of the time; most managers are toxic some of the time. How to deal with them?

Planning authorities are being asked to approve six new marinas for luxury yachts because of an acute shortage of berths.

UAE Minister of Economy Abdulla bin Touq al Marri waxes enthusiastic about the possibilities that the peace agreement with Israel opens up.

Prof. Erika James, the first woman and person of color to become dean of the Wharton School tells "Globes that diverse cultures and people in an organization breeds innovation.

In some ways, Bahrain holds greater potential than the UAE for Israeli business, but the great prize is the connection to its powerful neighbor.

The Israel Innovation Authority Advanced Manufacturing Division has the mission of injecting innovation into Israel's traditional industries.

NASA's experience in overcoming astronauts' sense of isolation holds lessons for managing teams working remotely.