Foreign Airlines Resist EU Emission Control Regulations
The European attempt to impose emission curbs on foreign carriers outside its airspace is facing heavy resistance.
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Business & Economy
News and updates about Business & Economy
Five-Day Work Idea May End Up in Trash Bin
A proposal to put Israel on a shortened work week, with Friday a half-day and Sunday a vacation day, may be buried before it gets off the ground.
Bezeq Int'l Laying Underwater Internet Cable to Italy
Internet provider Bezeq International has completed installation of the first segment of an underwater cable to Italy.
Jellyfish Become Latest Threat to Israeli Power
Jellyfish have become the latest threat to Israeli energy consumption as the creatures begin to clog the power station at Hadera.
Gas Flow from Egypt Resumes
Gas began to flow again from Sinai to Israel Tuesday night as Egypt determined that the pipeline bring gas to Israel was only slightly damaged.
Bad Debts Threaten Chinese Banking Stability
Moody's warned that Japanese Banks were exposed to problematic loans, particularly to local governments.
EU Free Worker Migration Threatened by Desire to Employ Locals
Ian Duncan Smith,Labor and Pension Secretrary, complains that jobs created are being swallowed up by immigrants
The EU and Greece: A 17 Billion Dollar Throw of the Dice
The austerity package that passed the Greek Parliament and the parallel injection of credit is a major gamble that could make things worse.
European E. Coli Traced to Egyptian Fenugreek Seeds
An outbreak of the deadly E coli bacteria that spread across Europe last month has been traced to fenugreek seeds from Egypt.
Greek Unions Mount 48 Hour Show of Force Against Austerity
Greece is voting with its feet against austerity with a 48 hour general strike that will contribute further to the country's problems.
Denmark Blocks Routine Israeli Security Standards at Airport
Denmark is refusing to allow Israeli security personnel to carry arms and conduct routine security checks of passengers at Kastrup Airport.
France to Invest Heavily in Nuclear Energy
France already gets most of its power from nuclear energy and is sticking with it for competitive and ecological reasons.
Rivlin: Keep Israeli Businesses Israeli
Knesset Speaker Reuven Rivlin called on Israeli corporate executives not to rush to give up control of their companies to foreign elements.
Tourism Minister Has Plan to Keep Dead Sea from Dying
Tourism Minister Stas Misezhnikov is hoping to persuade the prime minister Monday to adopt a plan to keep the Dead Sea from dying.
Third Intifada App Removed from Apple 'App Store'
Anti-Israel computer application called “The 3rd Intifada” has been removed from the Apple App Store for violating its developer guidelines.
PA Claims Israel Steals Gas in Exploration of Gaza Waters
The Palestinian Authority accuses Israel of "stealing" its natural gas resources by authorizing exploration of Gaza waters for gas fields.
Israel Okays Building Boom in Gaza
Israel has given the go-ahead for a building project in Gaza. A massive amount of construction materials will be transferred.
Bill would Grant Israelis Western-Style 2.5 Day Weekend
MKs Elkin and Levine propose Friday-Saturday-Sunday weekend bill in support of similar initiative by Minister Shalom.
El Al Plane Damage Traced to Singapore, Cause Still Unknown
Damage that caused an El Al passenger plane in Israel to make an emergency landing last month has been traced to Singapore.
New Commissions to Approve 10,000 Homes per Annum
Cabinet decides to formulate National Housing Commissions Law to cut through red tape and solve housing shortage.
Emission Control Agreement Hits an Economic Problem
The stormy economic climate is buffeting the efforts to control greenhouse gas emissions. Even the EU is balking.
General Electric Building CleanTech R&D Center in Israel
General Electric is pumping another $3-5 million into Israel with its eighth R&D, this time focusing on medical devices and CleanTech.
Paris Air Show to Feature Top Israeli Technology
At next week's Paris Air Show, Israel will, once again, put on display some of the groundbreaking defensive and weapons systems developed here.
Italian Referendum Limits Berlusconi, Swells Antinuclear Tide
Italy's referendum result creates two distinct camps within Europe on the nuclear power issue.
Ness Technologies to be Acquired by Citigroup Unit
Israel's Ness Technologies is to be acquired by Citigroup's international venture capital unit in a deal valued at $307 million.
Bank Governor Stanley Fischer Running to Head IMF
Bank of Israel Governor Stanley Fischer has officially announced he is in the running to head the International Money Fund.
Rishon College Kids Come Up With Super Tech Ideas
Students at the College of Management - Academic Studies showed off their high-tech prowess with some great ideas and inventions.
Facing Rising Opposition Greek PM Broaches Referendum Idea
Perhaps the idea of confronting a Greek referendum on the bailout can concentrate the minds of the EU elites.
Businessman Sammy Ofer Dies at 89
Millionaire businessman Sammy Ofer, 89, died at home. His company was the subject of controversy this week.
Turkey now Israel's 3rd-Largest Export Market
Despite political tensions, Turkey has become Israel's third-largest export market, up from ninth-largest last year.
Tornadoes Whip Through Massachusetts
Two tornadoes whipped through Massachusetts Wednesday, claiming four lives and damaging towns and cities.
Israel to PA: Cooperate on Water or Hurt Your Own People
The PA is refusing to cooperate with Israel on water conservation and quality control, leaving its own people in the lurch.
Bank of Israel Governor May Be Candidate to Head IMF
Bank of Israel Governor Stanley Fischer is a possible candidate to head the International Money Fund, but has made no final decision.
Solar Power Project to Light Up Arava Next Week
The first commercial solar panel field in the Middle East is set to light up the Arava next week at Kibbutz Ketura.
Spending Cuts or Bust - A Congressional Dilemma
Congress has two months to avert a default and see which party blinks.
Israel’s Coast May Be Gold Mine of Oil, Says Government Expert
Israel may have the last laugh to the old joke that “Moses took the wrong turn,” going to a land of sand instead of oil, which may under the sea.
Largest E. Coli Outbreak Spreading in Europe
The largest outbreak of E. coli in the world has killed 14 people in Germany. More than 300 are seriously ill. And it's spreading.
Israel and Ankara Still ‘Talk Turkey’ as Exports Rise
Turkey has risen to the number three export market for Israel despite frigid diplomatic relations between Ankara and Jerusalem.
MKs Seek Probe of Tanker Pacific 'Trade' with Iran
The Ofer Brothers Group and Tanker Pacific denies having illegally traded with Iran, as lawmakers call for an investigation of its practices.
Israel Taking Steps to Snuff Out Public Smoking
Jewish state is moving ahead to protect the public against the dangers of secondary smoke.
Business Leaders' Unity Meeting in Gaza
A delegation of PA business owners from Judea and Samaria entered Gaza through the Rafiah Crossing Thursday for a separate unity meeting.
Europe Rallies behind Lagarde, BRICS Drop Their Guard
All EU members are backing Christine Lagarde for the post IMF director. The BRICS countries fail to unite behind an alternative
Increase in Tourists Arriving by Sea
In June, 37 passenger and cruise ships are expected to anchor in Ashdod and Haifa, bringing with them an estimated 50,000 tourists and crew.
2 Jewish Brothers Still Missing in Midwest Twister
Two Jewish brothers are still reported missing along with numerous others following the second-worst tornado in US history.
Is the US Economy Epileptic?
The U.S. financial markets are undergoing “seizures” whose origins are similar to those in epilepsy, say Tel Aviv University researchers.
Spanish Regional Elections Shake Government and Europe Too
The Spanish regional vote dealt a heavy blow to the ruling Socialists and also increased Eurozone jitters.
Volcanic Ash Cloud Again Disrupts Flights in Europe
A volcanic ash cloud is once again expected to drift into European skies from Iceland and disrupt airline flights.
Doctors' Strike Returns to Public Hospitals
All public hospitals, with the exception of Ziv Medical Center in Tzfat, are operating on a Shabbat schedule due to a doctors strike.
Gush Katif 'Present': Ministers to Get Half Vegetables
Farmers expelled from Gush Katif are planning a unique present for Israel's government – incomplete produce, in protest of incomplete aid.
Dutch NGO Asks Shell to Suspend Syrian Operations
A Dutch Christian NGO has asked Royal Dutch Shell oil company to suspend its operations in Syria.
Court Puts Port Workers' 'Steak Strike' On Hold
Workers at the Ashdod Port were back on the job Wednesday, with their strike over steak dinner bonuses postponed for the time being.
Argentina Jews Win Injunction Against Google
Argentina's Jewish umbrella organization, DAIA has won a court order preventing Google from sending surfers to anti-Semitic sites.
IMF Chairman, for Europeans Only?
The fall of Dominque Strauss-Kahn raises the question of his successor. Can the European stranglehold on the position be preserved?
No Railway Strike Till July
Labor Court told Israel Railway workers they can't strike before July 1. They and management were ordered to negotiate for the next two weeks.
Israel, Thailand Team Up Against Cancer
Haifa's Rambam Hospital will sign a joint cancer treatment deal Sunday with a Thai research institute.
Terror Attack on Egypt-Israel Gas Terminal
Egypt's al-Sabil gas terminal in the northern Sinai has been attacked for a second time -- the third terrorist attempt on the gas line to Israel.
No Political Blues for Deep Purple
Members of the band “Deep Purple” have no qualms about performing in Israel – and says those who do are “wimps.”
On the Way to a European Super State?
An increasing number of analysts are predicting that the bailout dam in Europe is about to be breached but some think it is part of a master plan.
China US Signal Renewed Cordiality at Economic Dialogue
Running against the grain of acrimonious relations, China and the US signaled a willingness to work together.
Over a Million Tourists Since January
More than a million tourists came to Israel in the first quarter of this year, despite the tension generated in the region by the “Arab Spring.”
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