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Tech Israel
Daily Updates from Silicon Wadi for
Monday, October 7, 2019
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Embattled WeWork puts on hold plan to open co-living spaces in Israel
By
ToI Staff
and
Agencies
Office sharing company had planned to open WeLive residential facilities in Tel Aviv and Jerusalem, but program put on ice after disastrous IPO announcement, ouster of CEO
Israeli-founded insurance tech firm hits $1 billion valuation
By
ToI Staff
California-based Next Insurance gets $250 million infusion from Re Munich, becoming latest Silicon Valley unicorn with Israeli roots
Average Israeli salary rises slightly to NIS 11,004 per month
By
Luke Tress
Mean monthly pay increases by 3.4% since last year; highest paid sector is information and communications, lowest is food and hospitality industries
Israeli defense firm Elbit secures $153 million drone deal with Asian country
By
Luke Tress
Contract with unnamed state offers multi-layered UAV system, including over 1,000 miniature reconnaissance vehicles
PayPal drops out of Facebook’s Libra cryptocurrency; Apple indicates opposition
By
Agencies
Regulators and legislators increasingly wary of social media giant’s motives, with its business model regarded as too invasive of users’ privacy
The evil genius of fungi is here, possibly to stay
Banana republic: Israel faces killer fungus that can destroy the crop nationwide
By
Amir Ben-David
Israeli researchers struggle to contain a particularly violent strain of Panama disease, a global threat that is eating its way through one of the country’s most profitable crops
Reporter's notebook
'There is nothing like this in the area'
Massive Bronze Age megalopolis to be covered over, immortalized in 3-D imaging
By
Amanda Borschel-Dan
A portal to our 5,000-year-old past and earlier, excavations to be refilled to make way for modern interchange serving Israel’s newest city. Here’s why archaeologists are on board
Electric roads could be a path to a driverless future
The New York Times: Israeli startup Electreon aims to electrify roads to charge vehicles while they drive, starting with Tel Aviv bus system
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