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Tech Israel
Daily Updates from Silicon Wadi for
Thursday, May 20, 2021
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Israel’s political stalemate impacts economy more than Hamas rockets – Moody’s
By
Shoshanna Solomon
Ratings agency sees latest bloody conflict as having ‘limited economic implications,’ but the violence hampering efforts to build a government is a ‘negative’
Japan’s Mitsui insurance invests $36 million in Israel’s Upstream Security
By
Shoshanna Solomon
Injection of funds is part of C funding round of startup, which offers cloud-based cybersecurity solutions for connected and autonomous vehicles
Smart mobility firms join forces to tackle accidents and traffic on the roads
By
Shoshanna Solomon
A pilot project will see Moovit, Nexar and other companies sharing user data with road operator Netivei Israel to monitor a piece of coastal Route 2; new platform protects privacy
From the web
Israeli carrier El Al to slash jobs as deepens cost cuts
Reuters: The nation’s flagship airline said it is cutting 1,900 posts as part of a broader plan to recover from COVID-19 impact, even as its net loss narrowed in the first quarter
Students expose fake social media reports on Israel-Gaza, to set record straight
By
Sue Surkes
Around 180 students from Israel and around the world staff situation room at Interdisciplinary Center in Herzliya, looking out for false anti-Israel coverage and explaining facts
From the web
Fintech company Sunbit raises $130 million at $1.1 billion valuation
Calcalist: Israel and US-based firm has developed a payment method that allows US stores to offer customers the option to pay in installments
Electric company union: No repair to Gaza power lines until captives returned
By
ToI Staff
But management rejects workers’ position demanding Hamas release 1 civilian, 2 IDF soldiers’ bodies, saying supply of electricity is ‘essential’ and not part of the conflict
EU to reopen its borders to fully vaccinated travelers
By
AFP
Bloc also agrees to ease criteria for declaring a country as unsafe; currently, only 7 nations are listed as ‘green,’ among them Israel
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