Finance

This decision stands in contrast to Moody's, which has both changed Israel's economic outlook to 'negative' and downgraded its credit rating.

Meanwhile, Bernard Arnault, who had previously defeated Musk for the top spot, is now ranked the third wealthiest person in the world.

The new agreement will include mutual tariffs reductions on each others' exports.

Meanwhile, JP Morgan informed its clients that the Bank of Israel maintained the current interest rate due to the government's expansionary budget policy.

The tax increase now goes to the Knesset for a second and third vote. Members of the committee, including on the coalition, criticized the move as too easy and harming the weakest members of society.

An analysis by Globes shows that after a significant drop at the beginning of the war, Israelis are back to ordering online.

The number of unemployed ticked up slightly, while the number temporarily absent or who ceased looking for work has gone down since December.

While this should mean coming reductions in the interest rate, but the Bank of Israel is likely to wait on the effects of Moody's downgrading of Israel's rating and the state budget.

The Accountant General gave a press conference today where he said Israel is paying its debts and has bounced back from crises before, such as corona or geopolitical instability.

The acquisition marks yet another example of Trump's son in law moving to invest in Israeli companies and demonstrate confidence in the country as a whole.

The European Investment Bank or EIB signed a memorandum of understanding with Bank Leumi to promote green projects launched by small and medium businesses.

Xeneta, an Oslo-based ocean freight benchmarking firm, assesses that while rates are not as high as they were during the pandemic, the rate increase due to the Houthi attacks has been more rapid.

Due to instability in his Tesla company stock, Elon Musk recently lost his title as the richest man in the world to the owner of Louis Vuitton.

The Jewish billionaire and Harvard critic recently bought 5% of the TASE for 95 million NIS with his wife Neri Oxman, part of a general sale of local bank holdings in the TASE.

The slack in the global economy is cushioning the blow to the effective blockade of shipping through the Red Sea, but the risks are increasing.

China's published GDP numbers show the lowest official growth rate since 1990, excluding the pandemic years. A shrinking population, real estate woes, and tensions with western countries have all contributed to a lack of confidence.

The Municipality of Karmiel is the first council to grant a discount of up to 25% of the general property tax to residents of the city serving in the reserves in the "Swords of Iron" war.

After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.

The sharp decline in interest in medical technology with the decline in COVID-19 and the country's domestic challenges and the war have meant tough times for its medtech sector.