Economy

The champion and cup holder has gone through another drama, as Richard Deitz announced the exercise of his right of first refusal on the sale deal to Jason Levien. What is behind this decision? What made him angry at the other owners? And how can the legendary chairman turn things around? Ynet sorts it out.

Paying for parking has become an integral part of any outing in Tel Aviv, but in the case of Nati Bar Cohen, the amount crossed every line. After entering a parking lot in the city and wanting to leave after only half an hour, he was stunned to see an astronomical amount on the screen. In an interview after the incident, he explained how he managed to overcome the error.

The general disability pension is intended for individuals whose health condition limits their ability to work. The National Insurance Institute explains eligibility criteria, the application process, medical board procedures, and how to combine the pension with employment.

The gap between the American who became the main owner of Maccabi Tel Aviv and the Israeli businessman is vast, despite the financial backing from the Recanati family. How will this affect the club?

Since Asaf Rappaport's arrival, despite management changes and strategic shifts, ratings remain stagnant. Following the poor performance of the flagship show 'The Voice', Reshet 13 management issued a stern warning to staff: 'Whoever does not sweat will not be here.'

The Chinese AI startup Moonshot has filed a confidential prospectus for an IPO on the Hong Kong Stock Exchange. The company plans to raise $3 billion in the offering.

Israel Aerospace Industries (IAI) has successfully completed the maiden flight of an Airbus A330-300 converted from a passenger plane to a freighter. This milestone marks the expansion of IAI's conversion operations into wide-body Airbus aircraft.

Richard Deitz, who previously held 17.5% of the club, announced he is exercising his right of first refusal, which will increase his stake to 55.5% or potentially 62%. "Maccabi is much more than a sports club or a financial asset," he stated.

The US labor market strengthened significantly in August, adding 162,000 non-farm jobs, well above economists' forecasts. The unemployment rate remained steady at 4.1%.

The flagship indices closed with gains led by energy and technology stocks, with one company standing out in particular and leaving the rest of the market behind with an impressive jump of over 7 percent.

Managers of the Norwegian sovereign wealth fund, which manages assets worth $2.3 trillion, are proposing to reduce US government bond holdings by $80 billion. The move aims to diversify the fund's sources of returns.

American drivers are facing record-breaking diesel prices as the war between the US and Israel against Iran continues to strain household budgets. The average price per gallon has reached $5.85, significantly higher than last year's average.

The fortune of the Tesla founder shows a significant increase this week, placing him in a league of his own, while Forbes' weekly list of the world's richest people reveals tight competition for the following spots.

The combination of high energy prices and market uncertainty could soon reach the local consumer's pocket, affecting the prices of imported goods and changing the overall situation.

The company announced the extension of its sponsorship agreement with the "Otef Darom" basketball club from the National League. Omri Lotan, CEO of Nirlat: "For us, this is a meaningful connection that goes far beyond sports sponsorship."

Finding real estate under 1.5 million shekels in the center of the country is extremely difficult, but deals on apartments without a MAMAD (protected space) remain an affordable option. In Holon, a 3-room apartment was sold for 1.42 million shekels, while prices in Be'er Sheva are significantly lower.

Surprising consumer laws reveal how you can receive compensation of hundreds of shekels for a technician's delay, what you are entitled to if a call center does not answer, and how to avoid unnecessary charges.

After conflicts in the Middle East and Russia pushed refining margins to a record high and affected gas stations, Julius Baer bank reveals a surprising forecast regarding the future of fuel prices in the near term.

Israeli high-tech records another exit and a successful startup is sold for a billion dollars, Tim Cook leaves a different Apple to John Ternus, and the Bank of Israel has decided the fate of your mortgages for the near future | News of the week on ice

An employee who worked at Shufersal for four decades was fired ten months before his retirement. The National Insurance Institute recognized his health issues following the dismissal notice as a work accident.

Migdal Insurance is acquiring a 50% stake in three major residential projects from the Prashkovsky company for 700 million shekels. The deal encompasses 800 housing units intended for rental.

Volkswagen has unveiled a major efficiency plan involving mass layoffs and factory closures. The company aims to streamline its model range and optimize production amid declining sales in China.

The SK Group, owned by the Israeli businessman, is increasing its investment in the Greek company ELVO to over 60 million euros. The company plans to transform its Thessaloniki plant into a hub for defense system development, following the 3 billion euro "Achilles Shield" deal between Israel and Greece.

The tech giant is in trouble in London following an unprecedented class-action lawsuit claiming the company used its power in the iPhone to crush competition in the digital advertising market.

Prashkovsky has signed a strategic agreement with Migdal Insurance and Finance to sell half of its rights in three long-term rental housing projects. The projects, which include about 800 housing units, will yield a profit of about 111 million shekels for Prashkovsky.

The sports and leisure fashion brand has significantly lowered its forecasts for the rest of the year and is showing a sharp decline in revenue, as young brands that manage to attract the younger audience are strengthening.

Although about 9 months remain until the elections, the struggle for the leadership of the labor organization has already begun. Against the backdrop of assessments regarding the contenders, the police investigation into the incumbent chairman and potential developments in the national political arena are also at play.

Maof Group is entering the field of community medicine, one of the fastest-growing sectors in the world, which serves as a solution to the problem of overcrowding in emergency rooms and hospitalization wards. A few years ago, Bank Leumi acquired 20% of Maof's shares.

The dollar has fallen to 3.00 shekels, while the euro dropped to 3.49 shekels. Markets are awaiting US employment data, with forecasts of 55,000 new jobs and an unemployment rate of 4.1%.

The Volkswagen board has approved a restructuring plan involving approximately 50,000 potential layoffs. German reports indicate that the group intends to fully phase out the Seat brand by 2029, with Cupra taking its place.

The grandson asked to remain in the tiny apartment in Jerusalem where his grandfather lived until his death. But the court accepted the lawsuit filed by the association that owns the property and ordered his eviction.

A green and positive trend is sweeping the digital currency market as Bitcoin crosses a dramatic threshold, but another coin manages to surprise investors with the strongest daily rise.

Thousands of families dependent on the Rotem Amfert plant fear layoffs due to delays in approving the use of Pond 4. Lobby 99 accuses the company's management of exploiting workers' anxiety to secure environmental concessions, while experts warn of pollution risks and the broader environmental costs of mining.

The Chinese company Qiaodan, featuring a logo and name strikingly similar to Michael Jordan's brand, continues to pose a significant challenge to Nike in China. Nike's sales in the country plummeted by 17% in the last quarter.

"Election economics" or not, the surprising jump in fuel prices will lead to a reduction in the excise tax. And also: the work grant and the update of the recovery day rate are worth thousands of shekels a year, the ranking of the free cities in Israel, the lawsuit of the network influencer against her former partner, and the current trend of Generation Z | The Economic Summit – the most viewed...

Fans have spoken: the legendary 'Chubby Hubby' flavor, featuring vanilla ice cream, pretzels, and peanut butter, is returning to regular production at 24.90 NIS.

Less than a year after his release from prison, the former owner of a New York insurance agency has filed for bankruptcy. Among the creditors are defrauded insurance companies, tax authorities, and banks.

The I.S.A Group, alongside a strategic partner, has acquired 7.8 dunams of land in Beit Shemesh. The site is slated for a 75,500-square-meter mixed-use complex featuring residential units, retail space, offices, and an assisted living facility.

Bond yields are hitting highs not seen since 2008, but the US currency is not strengthening as expected. The bank's economists reveal new investment recommendations and identify preferred currencies.