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How Banks and Bitcoin Get Along

in Economy & Innovation

Not surprisingly, banks and Bitcoin aren’t getting along. In the most recent flurry of financial mayhem, droves of peoples are buying Bitcoin, and the banks around the world are not on board. The Bank of Israel stated that they will not recognize cryptocurrencies as legitimate currency, and it is currently considered a digital asset. While…

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Jerusalem to Tel Aviv Train is a Smooth Ride

in Economy & Innovation

The seven-billion-dollar project which has been in the works since 2001 is finally moving, and Israel Katz, the Minister of Transportation took the express train from Tel Aviv to Jerusalem for its first test drive on Tuesday. The train only drove a short ride before proving how much more quiet and comfortable an electric engine…

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Will Supermarkets be forced to shut on Shabbat?

in Economy & Innovation/Life, Culture & Sports

The Supermarkets Law is a new legislation presented by the Ultra-Orthodox Shas party in the Israeli government. The law is up for a vote, and if voted favorably, would allow the government to authorize that all supermarkets and convenience stories throughout Israel be closed on Shabbat, from Friday evening to Saturday evening, with the exception…

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Israel Population Almost 9 Million

in Economy & Innovation

On the eve of 2018, the Central Bureau of Statistics published data announcing the state of Israel’s current population, which stands at 8,793,000. The population grew by 165,000 since 2016, due to 180,000 babies being born and 44,000 deaths. The Jewish population makes up about 75% of the total population, while about 21% of the…

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Teva under fire for layoffs

in Economy & Innovation

Born in 1951, Teva Pharmaceuticals has since grown into a multinational pharmaceutical giant. Headquartered in Israel and with locations in Europe and North and South America, Teva is in a time of crisis. Since the death of Teva’s “father,” Eli Hurvitz, in 2011, the company has declined in many ways, and with new CEO Kare…

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