Economy

The end of a drama lasting more than a decade: a court in Brazil has finally approved the bankruptcy of telecom giant Oi and rejected the banks' appeals. Despite the collapse, the company will continue to operate temporarily to prevent the shutdown of essential services; initial liquidation procedures have begun.

Altice reports reveal a dual picture in HOT's Israeli operations: EBITDA jumped 6.5% in euro terms, but actually eroded in local currency. We analyze why cash flow improved despite business stagnation.

Real estate group Reisdor reports a 53% revenue jump in the second quarter to 213 million shekels. Operating profit for the half-year reached 129.8 million shekels amid strong apartment sales.

Real estate firm Best Group is facing market pressure after revealing that the amount of funds unlawfully taken from its subsidiary is more than double the initial estimate. Following the announcement and concerns over the company's accounting practices, shares have fallen by 6%.

Amit Lang is stepping down as CEO of the Ackerstein Group less than a year after his appointment. Zvika Ackerstein will take over as CEO following a 51% decline in the company's net profit for the first half of 2026.

Israel's largest retail chain closed the quarter with a 7.5% decrease in revenue and an erosion of profitability, but most of the gap stems from the fact that the entire impact of the Passover holiday was attributed this time to the first quarter. The board of directors announced a dividend of 180 million shekels.

The board of directors of the Israel Association of Community Centers (Matnasim) has appointed Adv. Galit Viderman as the company's new CEO. The appointment is now subject to approval by the Dotan Committee.

The Tel Aviv District Court criticized Meta regarding the 26 million shekel lawsuit filed by Bank Leumi, ordering the company to submit its response by September 2.

In the second quarter, Shufersal shows erosion in most key parameters, with a decline in revenue and net profit, which dropped by over 30%. Sales in same-store locations fell by 8.5% for the quarter.

The state is returning to serve as the insurer for Israeli foreign trade. The Ministry of Finance and the Tax Authority announced that the program for insuring cargo against war and terror risks will be reactivated starting September 1, 2026.

David Zinsner, Intel's CFO, revealed that as part of the organizational change led by Lip-Bu Tan, the company has reduced its management layers from 12 to 6 and the number of vice presidents from approximately 450 to 200.

David Tisch, heir to a New York wealth dynasty and a sports card collector at heart, refused to follow the rules of the big funds. Now, as the company he invested in was acquired for $60 billion in the largest venture deal in history, his low-profile approach is beating the Silicon Valley giants.

An audit at the Best group revealed that 2.2 million shekels from a subsidiary were used to pay for private property work for controlling shareholders. The company will restate its 2025 and Q1 2026 financial reports.

Nvidia's second-quarter report shows the company remains on an acceleration path. The most significant constraint on its growth is not customer demand, but supply chain limitations.

An internal audit at the Best Group has changed the picture: the amount attributed to the controlling shareholders has tripled compared to the first report. The company will now restate its financial statements for 2025 and the first quarter of 2026, the same reports that were included in the IPO prospectus.

The hotel arm led Israel Canada to a half-year loss of 36 million shekels, despite a shift to profit in the second quarter. In the Rainbow project in Sde Dov, only 7 apartments were sold in the half-year, with a decrease in price per meter and a lowering of the profit forecast. The company presented the financing plan for the Acro deal and estimated that the exposure from the favorable payment...

Although Nvidia stopped separately disclosing the revenues of its Israeli communications division, data revealed in the investor call point to sales of about $17.5 billion in the second quarter. The activity, based on Mellanox technologies, continues to account for about 18% of the company's revenues and contribute significantly to the growth of the Israeli economy.

Vehicle importer Dalhom is preparing to acquire the direct import franchise of the bankrupt Automax. The deal, outlined in documents sent to creditors, includes a rehabilitation plan that exempts the buyer from past debts.

The Egged Group and Auto Chen are establishing a joint venture with the Chinese transport giant CRRC. This move will bring next-generation transport to Israel's roads, ranging from electric minibuses to 26-meter-long mega-buses, alongside a full import and maintenance system. The deal is subject to approval by the Competition Authority.

Is the situation "critical" as the employees claim, or just "severe" as the CEO says? The truth is that it does not matter how the crisis is defined, because it is clear to everyone that the German luxury company Volkswagen is at an unprecedented low. What is on the agenda? Massive layoffs, factory closures, and a continued inability to cope with the changing automotive market.

Half-year data points to a high average of sales. The first quarter was stronger, but the company moved from a net loss last year to a profit, with revenues also rising compared to 2025. The average price in Sde Dov remains high.

The cyber company beat analyst forecasts for revenue and profit, raised its guidance for the rest of the year, and attributed the growth specifically to the growing fear of artificial intelligence capabilities. What is behind the 67% rally since the beginning of 2026 - and does the stock price already reflect all the news?

Dr. Yehudit Richter reveals on Kan 11 the days when she was belittled in boardrooms, the moment she was humiliated by the manager of a medical device giant, and the historic $750 million compensation.

The real estate company controlled by Rami Ungar will acquire the high-tech entrepreneur's rights in a joint project in Ness Ziona by assuming a debt of about a quarter of a billion shekels and waiving a debt Landa owes it. Last year, Vitania wrote off 80 million shekels following the collapse of Landa's printing business.

Expanding massively: The "Matuka" group is acquiring the veteran brand "Jacobs Bakery" in a deal estimated at approximately 4 million shekels. As part of the move, the group is entering the bread production field for the first time and establishing a series of new branches across the country, including at Ben Gurion Airport.

A heavy blow for the American retail giant: the chain was forced to urgently remove an offensive children's clown costume and issue a public apology after facing backlash for its resemblance to racist caricatures. The immediate damage: a drop in stock and a $2.95 billion wipeout.

The former Hanan Mor company, Tsilu Blue, will distribute a first dividend of six million shekels and carry out a share buyback of ten million. Recall that only in March, Tshuva and Zvida decided to increase their holdings in the company. Zvida: "We have confidence in the company's ability to generate value for shareholders."

Dramatic change at Azrieli Malha Mall: the fast-food court on the third floor is closing to accommodate the relocation of a "Toys R Us" branch. While "Hummus Eliyahu" is leaving the complex, the "Katsefet" chain is looking for a new location.

Ezra (Gad) Cohen, founder of Gad Dairies, discusses his business journey, the company's IPO, and future growth strategies. Despite his initial reluctance to go public, he took the step to fund a new, centralized production facility.

The infrastructure fund Aluma plans to change its compensation model and seeks to extend the agreement with the management company, which expires in November. It is also expected to distribute dividends for the first time and launch a share buyback program.

Donitz has signed a non-binding memorandum of understanding to merge with Dan Real Estate. Upon completion, Dan's shareholders will hold approximately 33% of the combined company's shares.

NVIDIA is reportedly nearing a $12.9 billion acquisition of Hugging Face. This deal would allow the chip giant to expand its influence beyond hardware and into the core of the global AI development ecosystem.

Donitz Elad will receive 100% of Dan Nadlan shares in exchange for share allocation. The Value LBH fund will hold about 16% of Achim shares, while other Dan shareholders will collectively hold 17% of the company's shares.

Jes Staley admitted that he passed confidential JPMorgan information to Jeffrey Epstein, including data on transactions and the 2008 financial crisis. He even warned him that the bank had classified him as a "high-risk client." According to Staley, he was unaware of Epstein's criminal activity.

Second-quarter reports reveal an increase in net profit and revenue per square meter for Tiv Taam, while retail giants Carrefour and Rami Levy show a downward trend for the past quarter.

Salesforce and CrowdStrike shares surged in after-hours trading following quarterly reports that beat analyst expectations. Both companies have raised their annual guidance.

The public real estate company is expected to extend the tenure of Chairman Yossi Prashkovsky and CEO and brother Sharon, who are among the controlling shareholders. What does the compensation package include, what is the annual bonus cap, and what new benefit will they receive?

Club owners approved the sale of the Seattle Seahawks to an investor group led by billionaire Vinod Khosla. The amount paid places the deal in second place on the list of the largest sales of sports teams in the US.

Yohananoff CEO Eitan Yohananoff discusses plans to separate real estate assets from retail, the challenges of the cost of living, and the evolving labor market in Israel's supermarket sector.

Tal Kedem and Udi Biton are set to sell a 25%–30% stake in their hedge fund, Agility, to the insurance company Menora. The deal values the fund at approximately 300 million shekels, resulting in a payout of 75–100 million shekels.