Economy

Apple is preparing for the largest product launch wave in its history. The September 9 event will be the first major launch under new CEO John Ternus, signaling a significant transformation across all product lines.

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.

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 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."

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

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.

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 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.

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.

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.

Ahead of Breast Cancer Awareness Month, the "Pesek Zman" bar returns for the fourth consecutive year in special packaging as part of a collaboration with the "One in Nine" association. The packaging features a QR code leading to information on early detection and a personal risk assessment questionnaire.

The Volkswagen supervisory board has unanimously approved a comprehensive efficiency plan that could lead to the reduction of approximately 50,000 jobs. The move aims to bolster the group's competitiveness.

Following his retirement from professional football and significant real estate investments, the former national team star has opened a private padel complex and is launching the 'EZ7 Padel Tour'. Zahavi notes that while he misses the pitch, he is now fully committed to his new business ventures.

The Hassid Group, which owns Pizza Shemesh and Pizza Pargo, has acquired the Pizza Cheese chain, which has 5 branches across the country. As part of the move, the group plans to expand the chain and open at least 5 additional branches.

The lingerie empire presented seemingly positive reports, but a dive into the papers revealed one-time tax refunds of millions that hid the true situation.

The furniture manufacturer, which employs hundreds of workers, has filed for creditor protection under Chapter 11. Despite market concerns, the company has received legal approval to continue paying employee salaries and benefits.

The Israeli Public Broadcasting Corporation launches its new broadcast season and announces an expanded partnership with the global streaming giant to air its most successful series.

The trend of celebrity ownership of sports teams continues: the Hollywood actor is in official negotiations to purchase a stake in his childhood club. All the details about the emerging deal, the surprising family connection, and the stars who have already done it before him.

The Water Authority has increased the tariff per cubic meter of desalinated water to 4 shekels to incentivize private companies to continue operations despite algae pollution. The crisis highlights the risks associated with the full privatization of Israel's water sector.

The National Road Safety Authority has demanded that Wolt formulate a plan within 30 days to reduce courier-related traffic hazards. The company faces potential legal action if safety standards do not improve.

The Israeli actress is set to complete a significant business deal as Italian pasta giant Barilla signs an agreement to acquire Goodles, the mac and cheese brand she co-founded. While deal terms remain undisclosed, the company was valued at $88 million in 2023.

A bankruptcy hearing for contractor Gilad Rubinsky turned into a confrontation with dozens of angry customers and former employees. Allegations suggest that funds collected for unperformed work were spent on gambling.

Paz is selling its entire 4.9% stake in the Ashdod Oil Refinery for approximately 75 million shekels. The sale is being conducted through the brokerage firm Leader amid a surge in trading volume.

A photographer has filed a lawsuit against the fashion house Comme il Faut over the unauthorized use of his photos in an AI-generated campaign. The plaintiff is seeking 100,000 shekels in damages.

The channel's management team continues to expand with the addition of a senior executive with two decades of rich experience in the worlds of media, high-tech, and gaming, who will lead business development and growth.

The crisis at Tomer Mazon is deepening as the board meeting is postponed to September 17. Stock trading remains suspended amid accounting irregularities and high-profile resignations.

Nvidia has officially announced its intention to acquire the AI platform Hugging Face for $12.9 billion. The move represents the chipmaker's strategic shift beyond focusing solely on hardware.

The airline is collaborating with the Enosh association to mark International Mental Health Day. As part of the initiative, flight crews are distributing special postcards and encouraging passengers at an altitude of 30,000 feet to reach out to their loved ones.

The chip manufacturer officially announces the acquisition of Hugging Face, one of the world's most important platforms for the distribution and development of artificial intelligence models. The company promises that it will remain open to models and hardware from competitors as well.

Moshe Davi enters the PR system of retail chains in Israel for the first time, as Davi Communications will manage the public relations system of the Carrefour chain in Israel. This is the first significant move by the incoming CEO, Inbal Harson.