Economy

KFC presents a strategic turnaround plan featuring smaller branches, delivery focus, and local franchisees following the closure of some 300 locations.

The Central District Court approved a class action against Menora Mivtachim over allegations of artificially inflating motor insurance claims reports by including third-party expenses.

European airline crews at Air Europa and Brussels Airlines are rebelling against mandatory flights to Israel, citing safety fears and political objections.

Dean Marketing and Roasting recalls Sasson HaKole salt-free sunflower seeds after tests revealed they actually contain salt, posing risks for sodium-restricted diets.

Julius Baer economists analyze Europe's economic strength, bond yields, Fed rate hike expectations, and recent turbulence in gold and silver markets.

The IRS is moving to close a massive tax loophole used by hedge funds to convert investment losses into ordinary income deductions for America's elite, threatening retroactive enforcement.

A detailed market analysis explores the economics of camping and glamping in Israel, comparing basic campsites, pre-pitched tents, and luxury glamping with traditional hotels, hostels, and vacation villages.

Israel's Electricity Authority and the Prime Minister's AI Directorate are introducing strict criteria for data center grid connections, including heavy financial guarantees and mandatory vetting to curb speculative demand.

The Capital Market Authority warned insurance agents and a major financial institution against spreading false information to siphon pension funds from Altshuler Shaham following its acquisition by Wobi Group.

The Tel Aviv Stock Exchange closed Tuesday with moderate gains led by the Tel Aviv 90 index. Trading volume hit 2.4 billion NIS in equities as currency rates held steady.

Israeli biotech firm Matricelf presented its spinal cord repair technology at the U.S. Defense TechConnect conference, aiming to forge strategic partnerships with American defense and medical entities.

Fintech unicorn Capitolis has acquired American securities lending firm eSecLending for $200 million in cash. The deal adds 120 employees and expands Capitolis' global financial platform.

Israeli fintech company Nayax partnered with Santander's Getnet to expand integrated payment solutions across Europe and Latin America, starting in Chile.

Boeing faces a major setback as the FAA halts 737 MAX 10 certification due to a new software glitch, causing a 6.8% stock drop and delaying key deliveries.

Margarita Alter, former partner of fugitive entrepreneur Eli Reifman, testified in court after returning from Thailand, detailing threats and fallout from Reifman's estimated 200 million NIS debts.

Tiv Taam chain raised approximately 102,000 shekels across 48 branches for the Loewenstein Rehabilitation Medical Center to support wounded soldiers and patients.

Azorim has launched two major urban renewal projects in Netanya and Ramat HaSharon, involving the demolition of 164 old apartments to build 402 new housing units.

Phoenix Brokers is expanding its AI investments by launching a dedicated innovation arm and acquiring the AdvisorOS platform, appointing founder Adi Lev as Head of AI.

R.B.A. Import and Export issued a recall for Floraline cooking grain mix in Israel due to ergot alkaloid contamination exceeding regulatory thresholds.

New market players including Shufersal and Osher Ad are driving competition in Israel's Lego market, leading to significant price variations across major retail chains.

Yad2 data reveals that 16 out of 20 city and apartment size comparisons recorded a price drop per square meter over the past year, signaling a broader housing market correction.

Nike is launching its Air Zoom Hyperslide recovery sandals in Israel on October 1 for 799.90 NIS. The footwear features built-in heating and vibration massage controlled via app or magnetic unit.

Amos Luzon increased his stake in Luzon Group to 57.61% following a series of stock purchases. Shareholders will vote next month on a proposed 38% increase in his monthly management fees.

Bitcoin dropped to $83,000 amid rising US-Iran tensions over the Strait of Hormuz, triggering over $300 million in crypto liquidations while spot ETFs continued seeing strong inflows.

Osem-Nestle is recalling 750g bottles of classic ketchup after spicy ketchup was mistakenly packaged inside. The company stresses the product is safe and offers replacement vouchers.

Israel's Ministry of Finance strongly advises against imposing targeted taxes on artificial intelligence, warning that such levies would harm economic growth, technological development, and high-tech competitiveness.

Brazilian football faces severe economic turmoil after President Lula da Silva banned betting companies, threatening major clubs like Flamengo with bankruptcy and halting sponsorships.

Master Chef expands its bottled sauce lineup with a new burger sauce priced at 16.90 NIS, competing with Heinz across major Israeli supermarket chains.

Adam Neumann's Flow acquired a 28-story residential tower in Miami's Edgewater from Blackstone's AIR Communities, expanding its $4 billion real estate portfolio.

Africa Israel Residences is reorganizing its business by spinning off 1.1 billion shekels in income-producing assets into a new sister company, aiming to unlock value.

Israeli renewable energy firm Solair has signed an MOU to acquire up to 70% of a 200 MW solar and 550 MWh storage portfolio in Australia, with an estimated EV of 780 million Australian dollars.

Supermarket chains in Israel face severe cashier shortages, with thousands of unfilled roles despite high wages. Commerce officials argue foreign workers are essential to fill vacant jobs without harming local employment.

Meitav Trade reported a data breach exposing personal details of 3,000 customers following an external API exploit by a third-party vendor. Funds and trading systems remained secure.

Sela Near Real Estate has approved a 100 million shekel share buyback program following a 30% drop in stock price this year, as Chairman Shmuel Slavin expresses strong confidence in the Israeli economy.

Goldman Sachs provides digital asset firms access to its $100 billion FTIXX Treasury fund via the Lynq network, bypassing tokenization in favor of traditional fund integration.

Terminal X, part of the Fox Group, has acquired a controlling stake in the fashion brand Sde Bar in a multi-million shekel deal, following a year of negotiations with founders Adi Cohen and Ariela Avitan.

Hundreds of patients filed lawsuits against GLP-1 drug makers Novo Nordisk and Eli Lilly, alleging sudden vision loss linked to medications like Ozempic and Mounjaro.

Spot gold rose 0.4% to $4,130.58 per ounce while remaining near multi-week lows as markets weighed rising oil prices, geopolitical tensions, and shifting U.S. interest rate expectations.

The Phoenix has built a massive 7 billion shekel position in Israel's semiconductor sector, adding 3 billion shekels to stakes in Nova and Camtek.

Electra Real Estate is taking 20 analysts to Florida to reassure investors after its stock plummeted 75% in four months to a 1.06 billion shekel valuation amid rising US yields.