Calcalist

The owner of the Jerusalem sabich stand "Ha-Sabichiya shel Yigal" is challenging a Tax Authority demand for 132,000 NIS in additional VAT. The dispute focuses on waste rates and production losses.

The Israel Public Broadcasting Corporation (Kan) has joined the petition against the Broadcasting Law, requesting the Supreme Court to cancel a 25 million shekel budget cut, citing political interference.

Israeli gaming company Papaya Gaming announced a strategic move to lay off approximately 30 employees. The company currently employs about 400 people.

A Magistrate's Court in Ramle dismissed a libel lawsuit filed by a police officer against a pub owner. The judge ruled that the officer abused his authority by seizing the citizen's phone without a warrant to gather evidence for a personal civil case.

The Israeli government has approved a ban on the import of goods produced by forced labor. This move is an attempt to prevent new US tariffs of 12.5% on Israeli exports.

Andre Tabakoff has been appointed as the capital markets editor of Calcalist. He brings over two decades of senior editorial experience in the Israeli economic press to the role.

According to an IIHS study, Waymo's autonomous vehicles are involved in 68% fewer traffic accidents than human-driven cars. The analysis covered data from July 2021 through December 2024.

The leadership change at Mobileye following Amnon Shashua's departure raises questions about the future of Menti Robotics. Analysts are debating whether the company will divest this high-risk asset to boost profitability.

The Ministry of Environmental Protection has introduced a new formula for calculating vehicle purchase tax, effective this January. The changes may increase costs for plug-in hybrids and electric vehicles.

Yaniv Moalem, convicted of running a fictitious invoice network that cost the state 65 million shekels, has been extradited from Panama. He had previously fled Israel to avoid a 10-year prison sentence.

France has announced it will not permit the use of Tesla's semi-autonomous FSD system on its roads. This move makes France the first EU country to oppose the technology, citing significant safety concerns.

The cyber unicorn Upwind, which develops a platform for cloud infrastructure security, is appointing Omer Grossman as Chief Business Officer. Grossman brings extensive experience in cyber defense, having previously commanded the IDF's Mamram unit.

Anthropic, Databricks, and other glittering private companies are planning to go public, fueling investor dreams of quick wealth. However, history warns that buying shares at an IPO often leads to disappointment rather than joy.

The Competition Authority is set to approve the sale of credit card company CAL to Union and Harel. The deal, valued at 3.7 billion shekels, will proceed with soft conditions and restrictions on data sharing.

The battle for the acquisition of Wolt Market has entered its decisive stage. Four groups have submitted offers to purchase the retail chain, with the highest bid reaching approximately 300 million shekels.

The Israel Innovation Authority is launching a one-billion-shekel fast-track program to help young tech companies extend their operational runway by six months, mitigating the impact of the dollar's devaluation against the shekel.

Tomorrow, Ayalon will launch its provident fund activity, returning to the long-term savings sector four years after exiting it. The move follows the sale of its stake in Meitav Provident and Pension.

The Kuwait Oil Company (KOC) has signed a $16 billion lease and leaseback deal for its crude oil pipeline network with a consortium including Blackstone, Brookfield, and KKR. This marks the largest foreign direct investment in the country's history.

Professor Amnon Shashua's announcement of his intention to step down as CEO of Mobileye marks a new chapter for the company. After 25 years at the helm, the founder has concluded that the firm requires a different management approach.

Samsung Electronics has signed an agreement with Broadcom to expand cooperation in memory chips, contract manufacturing (Foundry), and advanced packaging. The deal is expected to reach $200 billion by 2030.

Nofar Energy has confirmed advanced negotiations to acquire a 47.5% stake in the Reindeer power plant project. The deal to purchase shares from Phoenix and private investors is valued at 855 million shekels.

A year after Lip-Bu Tan took over as Intel CEO, the company is showing strong growth. Second-quarter 2026 revenue jumped 25% to $16.1 billion, marking the company's strongest quarterly performance in 15 years.

Six months into his term, New York City Mayor Zohran Mamdani faces the reality of governance, as many of his ambitious campaign promises remain unfulfilled due to legal constraints and budgetary limitations.

Uber and Waymo are shifting their partnership model: Waymo will launch its own app in Austin and Atlanta in January 2028, while maintaining availability on the Uber platform until at least May 2028.

A South Korean court has ordered the chairman of the SK conglomerate, Chey Tae-won, to pay his ex-wife, Roh Soh-yeong, 944 billion won ($644 million). The ruling marks the latest development in a high-profile divorce case that has captivated the nation for over a decade.

US President Donald Trump announced a trade investigation into the European Union. He accused European authorities of "robbing" American companies and pledged to impose retaliatory tariffs in response to fines levied against Big Tech.

Elon Musk ended a tough week: Tesla shares fell by 18%, and SpaceX shares dropped by 7.2%. The decline in the value of these companies wiped out approximately $130 billion from the businessman's net worth.

The Israeli automotive industry is seeing a significant rise in malfunctions among electric and plug-in hybrid vehicles. Owners are increasingly reporting issues with sensors, charging ports, and suspension, while the cost of original spare parts remains prohibitively high.

Buying an apartment is the largest financial transaction of most people's lives. To avoid risks related to illegal construction, debts, and hidden defects, it is essential to conduct thorough due diligence before signing any contract.

Qualcomm has notified customers that it will increase chip prices by a double-digit percentage starting September 1. The decision follows the exhaustion of the company's ability to absorb rising supplier costs.

Nvidia CEO Jensen Huang posted his first tweet on X, addressing the debate over the future of artificial intelligence. He highlighted the importance of open models for innovation and technological sovereignty.

Despite geopolitical tensions, J.P. Morgan analysts forecast a Bank of Israel interest rate cut in September. The bank argues that the Israeli economy remains resilient against oil-related shocks.

American defense tech firm Anduril is negotiating a new funding round that could push its market valuation to approximately $100 billion. This would place the company on par with industry giants like Lockheed Martin.

The public transport app operator Moovit, owned by Mobileye, is launching a layoff process in which about a third of the company's 200 employees will leave. The layoffs come alongside the announcement of Mobileye CEO Amnon Shashua's departure.

Shin Bet head David Zini's request to investigate a media leak mirrors Prime Minister Netanyahu's attempts to use state procedures for personal gain. Both share a clear hostility toward independent media.

The TA-35 index rose by 0.6%, TA-125 climbed by 0.4%. In the defense sector, Next Vision strengthened by 6.3%, while Elbit Systems and Arit Industries rose by 3.9%.

The shekel saw a slight rise following President Donald Trump's decision to impose new tariffs, which also affect Israel. The dollar fell by 0.6%, trading at 3.054 shekels.

With the integration of AI, tokens have become a new cost unit for organizations. Managers must now oversee both human capital and a digital "workforce," balancing innovation with strict budget controls and efficiency.

On September 17, 2023, the US Department of Defense requested public assistance in locating an F35 fighter jet that went missing after its pilot ejected. The stealth aircraft continued flying for some time, posing a significant challenge for search and rescue operations.

Wall Street indices closed with mixed results: the Dow Jones index rose by 0.5%, the S&P 500 index rose by less than 0.1%, and the Nasdaq index fell by 0.6%. Brent crude oil fell by 3.1% to $97.6 per barrel.