Economy

US economy registers worst contraction since Great Depression

Government says US economy shrank this spring at fastest rate ever recorded, contracting by nearly 10% in just three months.

Netanyahu: We opened up economy too early

PM Netanyahu, Finance Minister Katz present plan to aid businesses hurt by coronavirus restrictions.

Goodbye to lockdown - almost all businesses to reopen

Restaurants, bars, pubs, swimming pools, tourist attractions to reopen. Social distancing rules to be maintained.

MK Ayelet Shaked: 'Peretz and Nissenkorn will crash the economy'

MK Shaked furious at incoming Economy Minister intention to promote social policy in office: 'There's real fear Israel will be poorer.'

Oil prices plummet to all time lows - dropping below zero

Russia, Saudi Arabia scramble to cut production as oil prices suffer unprecedented collapse, falling into negative territory for first time.

No gatherings of 2 or more people, weddings with guests

PM, Finance Minister present plan to provide grants to self-employed amid further restrictions on economy in response to coronavirus.

Covid-19: The forgotten equation wreaks havoc

Series on China, Article I: Not for human consumption

Haim Toledano - The economic benefit

Haim Toledano is delighted: 'Another exceptional Israeli achievement that will benefit our economy and reputation worldwide.'

Ministers mull total shutdown

Health Ministry officials insist total shutdown of businesses, enforced home quarantine, is the only way to curb spread of virus

'We'll put 10 billion into helping Israel deal with coronavirus'

PM Netanyahu promises to invest in helping Israel's economy and healthcare system weather coronavirus. 'We're in a good situation.'

Netanyahu: Israeli economy doing fine despite coronavirus

PM convenes discussion on economic impact of the coronavirus, says Israel not in danger of running out of supplies and food.

MK Shaked: Help small businesses weather Coronavirus crisis

Small businesses will be especially hard hit by fallout from Coronavirus. Government needs to extend tax breaks, provide safety net

How ready is Israel's economy for the Coronavirus?

PM Netanyahu holds discussion at his residence on Israeli economy's readiness for the consequences of the Coronavirus.

The steep price of another Election Day

The day off given to workers on Election Day costs Israeli economy billions of shekels - this year, the cost is doubled by repeat elections.

'Trump only understands if somebody wins and somebody loses'

Former Bank of Israel Gov. Stanley Fischer: Trump 'doesn't understand trade.'

From trade wars - to World War III?

Daniel Drezner argues trade disputes could spark World War III and why US grand strategy is more or less dead.

Wonga.com compensation claims 4 times’ higher than expected

Collapse of payday lender gives customers who purchased expensive loans the chance to recover hundreds of thousands of dollars.

'A good year for the Israeli economy'

Bank of Israel governor presents PM with annual report on the economy. 'The Israeli economy is in a good situation.'

How property management software helps landlords

Property managers must balance needs and interests of landlords and property owners as well as tenants.

Price of electricity to rise by 2.9%

Electricity Authority decides on increase after expectations of tariff hike.

Guy Galboiz: Economy hasn’t been that bad since Trump’s arrival

Internet entrepreneur Guy Galboiz highlights some things that have improved since Trump took office.

Don’t blame Ocasio-Cortez – blame her schooling

Trump's economy: Promises that will be kept?

The Trump administration is weighing a big tax cut for the rich, with no vote in Congress. And what will the citizens enjoy?

Average wage continues to rise

Real average wage rises by 4% from February through April, following 3.8% increase from November through January.

Netanyahu: Israel moving up in the world

PM cites global economic data showing Israel's per-capita GDP rising, inequality falling.

As Trump prepares for big speech, state of the economy is strong

The U.S economy is humming, and President Trump will undoubtedly take credit when he delivers his first State of the Union address.

'PA economy is completely dependent on Israel'

Judea and Samaria Coordinator Yoav Mordechai says PA could have built a successful economy - if they had invested international aid money.

Key task for Trump's administration: Overhauling trade policy

A former deputy U.S. trade representative under President Obama thinks that President Trump must overhauling U.S. trade policy.

Shekel emerges as world's second-strongest currency

Israeli shekel comes in right behind Chinese yuan, German report says.

'It is in our common interest to strengthen peace with Jordan'

Minister visits site of first major Israeli-Jordanian project since 1994 peace treaty. 'Project will bring prosperity to both peoples.'

Netanyahu: Teach us to make a good cup of coffee

PM Netanyahu promises to send Israeli tourists to Colombia, stresses importance of countries' cooperation in fighting Iran, ISIS.

PM Netanyahu: Israel punches 200 times above our weight

PM Netanyahu speaks speaks to conference of Argentinian and Israeli businesspeople, says innovation and the right environment create wealth.

'Israel's economy doing well, without a doubt'

Bank of Israel presents annual report, President Rivlin says Israel's economy is good, but Israel must 'monitor economic processes closely.'

Netanyahu: Israel's economy is growing

Netanyahu says upcoming Australia visit will help Israel's economy continue to grow, slams Israeli public for not honoring elders.

German economists oppose Italy exiting Eurozone

German economists discuss what consequences may be if Italy leaves Eurozone.

Understanding the worldwide influence of the US economy

How will the next White House’s plans shape the world? ILTV speaks with Gilad Alper, from the Israeli Minister of Finance.

Strike to shut down public transportation after Yom Kippur?

Bus strike in offing as Histadrut declares labor dispute after government refuses to renew subsidies.

Company to test Chabad Rebbe's 'diamond' predictions

On basis of faith in Lubavitcher Rebbe's predictions, exploration and mining company Shefa Yamim plans to issue new stock in London.

Syria regime advances south of Aleppo, threatens new siege

Syrian government forces advanced on Sunday south of Aleppo as they pushed to once again encircle rebel neighborhoods and reimpose a siege.

Israeli soccer league goes on strike

Head of Israel Football Association informs Sport, Finance ministries that soccer players won't show up to games beginning Tuesday.

Syrian pound drops sharply against US dollar

The value of the Syrian pound fell sharply over the weekend due to petroleum shortage as a result the war ravaging the country.

Kahlon: 'Economy is strong, ready to withstand any challenge'

Finance Minister assures cabinet of Israeli economy's readiness to deal with financial ripples caused by Brexit

Israelis want Scandinavian-style government, survey shows

Despite economic improvements, most Israelis still frustrated with financial situation, want more gov't spending.

Israeli Lives and Livelihoods (Apparently) Don’t Matter

Things are not business as usual for Israeli traders buffeted by the wave of terrorist sweeping the country - here's how you can help.

Israeli Hotels Still Recovering from Protective Edge

Avi Dor of the Prima Hotels chain explains the difficulties Israeli hotels have faced in the past year, and how to solve them.

Air Pollution Falls As War, Revolution Rises in Middle East

War may be bad for people, but it's apparently a good way to battle climate change, a report says.

Finance Ministry Calls Emergency Meeting over Economy Slump

Finance Minister Moshe Kahlon calls emergency meeting following CBS report on poor economic growth in second quarter 2015.

How to Avoid Anxiety and Plan a Stress-Free Retirement

Many people find retirement planning very stressful. But does it have to be? And how to balance motherhood with business.

Netanyahu: Israel is a 'Major Economic Power'

Israel's economic growth is a top priority for the Prime Minister, he said Monday.

Finance Ministry Warns Israel May Go Bankrupt

Finance Ministry economist warns Israel could face a crisis like Greece's by 2059, if haredim and Arabs don't go to work.

Record Car Imports Show Strength of Israeli Economy, Say Experts

More cars were imported in the first four months of 2015 than in any four month period in Israel's history.

Trade Deficit Sinks - First Benefit of Israel's Gas Finds

Israel's trade deficit was down 70% in the first quarter of 2015, compared to the last quarter of 2015.

Independence Day Economic Report: Exports Soared 9400% Since '48

Israel's economic growth has skyrocketed in 67 years - and experts say buying 'Made in Israel' products is key.

Syria's Quiet War on Imports

As its economy tanks dropping its GDP by 383% amid a bloody civil war, how has Assad's regime tried to stay afloat?

Tens of Thousands of Jobs in Israel Go Unfilled

There were more available jobs – and more available high-paying jobs - in Israel in the fourth quarter of 2014 than ever before.

Market Rebounds Swiftly From Summer War

Statistics Bureau reports a near-6% spike in total proceeds in all sectors of the economy.

Jewish Home Accuses Lapid of Stealing Their Initiatives

Jewish Home's latest campaign clip attacks Lapid for blocking party's initiatives in 19th Knesset, and now using them as campaign promises.

Analysts: Iran Sanctions Did Enormous Harm to Country

Analysts Wednesday listed some of the economic damage done to Iran by the sanctions – and that damage has been substantial.

Analysts: Gas Price Hike Could be Election's 'Dark Horse'

Israelis usually don't think about gas price hikes - but two weeks before election, it may become an important issue.