Globes

Giant CEOs, retail chain owners, and the most expensive lawyers in Israel — Adv. Yael Shainin has interrogated them all in court. Summarizing five years as the legal advisor to the Competition Authority, she notes that while businesses are becoming more creative, the regulator remains on their trail.

Amidst the stunning landscape of the Alona settlements, we discovered a space of art and food: a beeswax candle workshop, a Fimo kingdom posing as sweets, and a cafe full of yeast delicacies.

Wall Street futures signal gains. European markets are trading positively, while Asian markets closed mixed. Bank of America estimates that the US labor market added about 80,000 jobs in July. Monday shareholders approved doubling the compensation package for the CEOs.

Avisror revealed its data ahead of a stock issuance in Tel Aviv, admitting it is close to a loss in its Lod project. This is another example of a developer purchasing during the boom years and now facing a slump in sales and prices.

This is what the work week of Wall Street Journal reporter Jamie Waters looks like on a diet of Celsius and other high-caffeine drinks that promise to help consumers reach their full potential.

Globes has learned that Benjamin Netanyahu wants to break the budget to transfer 400 billion shekels to the defense system, while emphasizing military procurement in his election campaign. However, this move, for which it is difficult to find justification at this time, could lead to a downgrade of Israel's rating and a significant tax increase next year.

Globes has learned that the Prime Minister ordered last night at a multi-participant meeting to convene the Knesset to vote on breaking the budget, which would allow for an additional 400 billion shekels for military procurement. This may lead to a breach of the deficit target and undermine market confidence in the economy.

Israel is facing growing criticism from Azerbaijan, partly due to the government's recognition of the Armenian genocide. Despite a nice deal closed for Rafael systems, companies fear that the trend of shrinking deals with the strategic client will continue. Among the sources of concern: the onslaught of American companies and an unexplained delay in deciding on a space tender.

Trading in Tel Aviv will open against the backdrop of declines worldwide. Palo Alto will begin trading this morning within the leading indices, its weight is still low. Dual listing: Tower will jump at the opening, Nova will fall. The US employment report will be published in the afternoon, Bank of America: the report will indicate a stable labor market. According to JPMorgan, the market is...

The son claimed that the parents' farm was transferred to him as a gift under a "continuing son" agreement about 30 years ago, while the sisters sought to divide the mother's property, including the farm, equally among all the siblings in accordance with her will.

The new family car from MG sets a new standard for value in its segment with a spacious interior, agile performance, and an unconventional price. While the range is relatively limited, it remains an impressive offer for urban and suburban use.

Even if you are just about to retire, or have already retired, there are still ways you can maximize the monthly allowance you receive. On the order in which it is correct to withdraw from savings channels, how it is possible to hold two advanced training funds (Keren Hishtalmut), and also why if you are still working, you should not rush to withdraw your pension allowance. Advice ahead of...

Prof. Philippe Aghion, winner of the 2025 Nobel Prize in Economics, has built a model that may help the world survive the AI revolution. In a special interview with Globes, he explains why one should not protect jobs during the transition phase, how "the obsession with punishing the rich will make us all poor," and why Israel might miss the opportunity to become the economic leader of the region.

Dubai no longer projects security, and the world's wealthiest are looking for a new home. Some left their home countries for security reasons, while others are interested in extensive tax benefits. Where are they moving, and which country is trying to establish itself as the new destination?

The petition was filed following a 16-fold increase in property tax on a water facility in the Hof Ashkelon Regional Council. Mekorot warns that without intervention, other local authorities will follow suit, and demands to set a uniform property tax rate for all water facilities in the country.

The long-awaited discount is losing its value. Double standards at the Second Authority for Television and Radio. The railway has remembered to connect to Wi-Fi. A spotlight on several issues on the agenda.

Polling institutes often work in parallel with political parties as consultants, creating a potential conflict of interest that remains hidden from the public. Why were regulatory recommendations to increase transparency blocked?

A large study recently published reached an optimistic conclusion: 70 and 80-year-olds can improve their cognitive abilities just like young people. However, the promise is controversial: do brain training exercises really improve overall brain function, or does the key lie elsewhere? On one thing everyone agrees: the perception that the brain necessarily deteriorates over time is no longer...

The airline received approval from the Civil Aviation Authority and authorization from the US Department of Transportation, and is now waiting only for the approval of the US Federal Aviation Administration (FAA) to be able to operate flights to New York. Also: The Strauss Group is launching an initiative inviting Israelis to discover the North through trips. Events and appointments.

Pyongyang toughens its tone against Japan and deepens aid to Russia. Pro-Palestinian candidate defeated an AIPAC candidate in Michigan. And the content creator murdered during a live broadcast in Mexico. Global Zoom.

Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Even without being on air, Bank Hapoalim once again tops the memorability and favorability rankings, according to Globes and Geocartography. The index is dominated by summer-themed advertisements, including those from MAX and Duty Free.

Einav Azgari, one of the most beloved chefs on the local scene, is riding the wave of new deli-restaurants and bringing his knowledge and talent to Pranzo.

Globes has learned that Chery recently rented offices in Holon and is expected to begin local operations later this year. Simultaneously, the SAIC group, represented in Israel by the Lubinski group, importer of MG, is also preparing to reopen its permanent representative office in Israel after about five years.

Partner bondholders, led by More Investment House and Kesem Mutual Funds, have opposed the company's request to approve an unusual 500 million NIS dividend distribution. Meanwhile, More led opposition to a request by Nofar Energy, resulting in the early redemption of two bond series.

The Israeli gaming company recorded revenue of $731.1 million and a net profit of $48 million. Disney Solitaire continued to grow rapidly, but the number of users declined, and the company estimates it will finish the year at the lower end of its forecast. The stock is falling.

Following his appointment as an external inspector for the Government Companies Authority, CPA Yaakov Ginzburg has launched an anonymous reporting channel. Employees can now report political pressure, partisan appointments, and the misuse of company resources for propaganda.

After seven years as CEO of Hot Mobile, Ilan Brok has announced his resignation. He will remain in his role until the sale of the company to Delek Israel, Keystone, and Bank Leumi is finalized. During his tenure, the company surpassed 2 million subscribers and achieved significant growth in revenue and profitability.

Record results for Nova in the second quarter: it beat market revenue and profit forecasts, presented an optimistic outlook for the next quarter, and the stock is reacting with gains in pre-market trading on Wall Street. CEO: "Achievements derived from expanding market share and deepening collaborations."

While Israel's largest banks are examining a change in accounting standards to trade on Wall Street, Nayax is ahead of them, establishing an independent American banking arm that will offer credit solutions and working capital financing. The move is intended to reduce dependence on external entities in the US market, which accounts for about 40% of the company's revenues, and to deepen services...

The dollar fluctuated around 3 shekels over the past month. In May and June, the Bank of Israel intervened following the strengthening of the shekel, but in July, the Israeli currency weakened.

Supersonic, the last major gaming division remaining from the acquisition of the Israeli company IronSource, is being sold to the British company Tripledot, which is entering operations in Israel for the first time. About a third of the company's employees will be laid off as part of the move.

The Auto Chen company of the Belilius family has received the official franchise for the import and marketing in Israel of the Chinese car brand Forthing from Dongfeng, which was held until now by the UMI group.

Competition in provident funds is heating up, while independent trading channels are also growing rapidly. Daniel Cohen, CEO of the Profit Group, sorts out hot trends like 'Family Office' and IRA, and explains why the AI revolution only strengthens experts rather than replacing them.

Globes presents a daily brief review of interesting news from the global media about Israel. In this issue: an administrative court in Italy ordered the cancellation of a Rafael radar deal, a New York Magazine commentator claims Donald Trump has no path to victory against Iran and the question is only how he will choose to lose, and in Berlin, a lawsuit was filed against a restaurant that refused...

The number of workplace accidents at construction sites is on the rise, with 393 accidents and 29 deaths recorded since the beginning of the year. New regulations, taking effect in October, expand the scope of responsibility at construction sites and mandate new measures to prevent them. This will change contractual relations between developers and contractors and will also impact the insurance...

Zweikel, who has served in recent years as Deputy Legal Advisor at the Competition Authority in the civil-administrative field, will replace Adv. Yael Sheinin, who retired this week. Following this appointment, most legal advisory positions in government ministries are now filled.

According to reports in the UK, a new proposal being examined as part of the contacts between the US and Iran includes the establishment of an international fund to finance passage through the Strait of Hormuz, in which Europe may participate in funding. At the same time, Tehran is examining the option of allowing European forces to assist in clearing naval mines.

A day after the control struggle was resolved, the chairman and board of directors of Novolog resigned. Oded Pozis, representing the controlling shareholder family, has been appointed chairman, with Ofer Linczewski, Doron Sela, and CPA Sagi Kaduri joining the board.

A verdict handed down last month in the Family Court in Rishon LeZion illustrates once again how important it is to draw up clear agreements even between family members.