Money

The default cost-efficiency failure that costs the Israeli economy billions annually

Beyond the emotional distress of a quarter of elderly Israelis, loneliness is a serious clinical risk. Why must the state shift its priorities to reduce costs?

Loneliness in old age is becoming a health and economic burden.
Elon Musk.

Elon Musk is a trillionaire again: Wealth jumped $65b. in a single day

New compensation track launched for protection racket victims.

Up to NIS 2 million: New compensation track launched for protection racket victims

Economy Minister Nir Barkat presents "Israel's Basket".

Economy Ministry ends 'Israel's Basket' pilot due to upcoming elections


Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

The European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

Great comeback: Has crypto winter really ended?

Bitcoin surged 10% this week to an eight-month high, signaling renewed risk-taking, but remains well below its $126,000 all-time high.

Bitcoin

Your Investments: A financial and personal clean slate for Yom Kippur

The Day of Atonement is about reflection, repentance, and renewal. Those same principles can guide people toward smarter financial choices and lasting improvement.

 An illustrative image of a Torah scroll and a shofar for Yom Kippur.

The race for faster payments is reshaping the digital economy

Consumers are becoming less willing to wait days for their money, pushing businesses to make payments faster while maintaining security, transparency, and trust.

Faster payments are no longer just a technological advantage - they are becoming a defining part of the digital customer experience.

Not ending at NIS 18m.: Additional fine for Central Bottling Company

The Competition Authority has published for public comment an additional notice of intent to charge the Central Bottling Company over intervention in retail soft drink prices.

Coca Cola cans.

No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

Yaron has guided Israel’s economy through the upheaval of the war and into recovery, while Abadi-Boiangiu sits at a key chokepoint in how the state spends its money.

(L-R): Amir Yaron and Michal Abadi-Boiangiu

Shift in public donations: Fivefold increase for mental health, drop in equipment for combat soldie

Data from the Jgive and Charidy platforms show that Israelis continue to open their wallets, but their targets are shifting from acute emergency needs to long-term issues.

Food basket distribution: Snir Association for Equal Opportunity.

Yossi Sagol enters nuclear energy: Invests in ARCVIA

The company develops small modular nuclear power plants (SMRs) in the US. The investment comes amid a surge in demand for continuous electricity for data centers.

Yossi Sagol

Basketball association to return half a million shekels to clubs

Management approved Amos Frishman's initiative. Every club will be credited for registered players, with funds transferred in coming weeks.

Chairman of the Israel Basketball Association, Amos Frishman.

Without visiting a branch: Deferred checks can be deposited via app

The Bank of Israel is launching a new service expected to save time and costs: depositing post-dated checks directly from mobile phones.

"Checks continue to be a significant payment method in the Israeli economy, totaling hundreds of billions of shekels a year."