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IBM Photo: Tamar Matsafi IBM Israel laying off dozens of sales staff

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

Yisrael Katz Photo; ASAP Creative Shutterstock Treasury seeks to freeze average salary, avert mayhem

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.

Andrew Abir Bank of Israel diversifying foreign exchange investment

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

Yaheli Rotenberg  / Photo: Lior Mizrahi Cabinet names Yali Rothenberg Accountant General

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

Kristalina Georgieva / Photo: Charles Platiau, Reuters IMF: Israeli economy less damaged than others

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

Matam Towers East - impression / Photo: View Point Apple boosts Haifa's tech credentials

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

Imported butter Finance Minister extends import duty exemption for butter

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

Prof. Amir Yaron BoI Governor: Cut budget to preserve Israel's credit rating

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  / Photo: Shutterstock Tel Aviv fifth in "The Economist" most expensive city rankings

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

Solar panels in the Negev Energy Ministry unveils plan to cut emissions, create jobs

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

Tal Zaks / Photo: Moderna YouTube page Moderna CMO: Israel among countries first in line for vaccine

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

Employment Office, Tel Aviv / Photo: Cadya Levy, Globes Unemployment eases as restrictions removed

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

Covid-19 vaccine  / Photo illustration: Dado Ruvic illiustration Reuters , Reuters Moderna's Covid vaccine highly successful in trial

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

Malkhah Mall Photo: PR 38% rebound in Israel's third quarter GDP

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

vegetables CPI up 0.3% in October

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

Yuli Edelstein / Photo: Yitzhak Harari, Knesset spokesperson, דוברות הכנסת Israel in talks with AstraZeneca on Covid vaccine

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

Cannabis Israel to legalize recreational cannabis use

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

Yisrael Katz  / Photo: Emil Salman - Haaaretz S&P retains Israel's rating with stable outlook

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

Yisrael Katz Photo; ASAP Creative Shutterstock Budget impasse stalling vital economic reforms

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

shadow economy Lockdowns drive shadow economy

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

Quantum Technologies workshop Rafael to host Quantum Technologies workshop

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.

Coca Cola environmental campaign / Photo: From Youtube When companies say sorry

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

Formosal termite Israel declares war as super termites invade

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

$2 billion unicorns / Design: Globes Six Israeli companies surpass $2b valuation this year

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

managers  picture: shutterstock The toxic manager

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

Herzliya Marina  / Photo: Dov Greenblatt, החברה להגנת הטבע Marinas could replace some Israeli beaches

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

Abdulla bin Touq al Marri / Photo: UAE Ministry of Economy "The only question is, why didn't we do this earlier?"

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

Erika James  / Photo:  LARA WILLIAMSON  University of Pennsylvania "Innovation comes from diverse populations"

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.

Bahrain Photo: Shutterstock ASAP Creative Israel's bridge to Saudi Arabia

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

Annapurna sock factory / Photo: courtesy of the company "Every factory working with us improves performance 20-30%"

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

Apollo spacecraft NASA, remote work and social isolation

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

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