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TECH ISRAEL

Updates from Silicon Wadi on Sunday, September 2, 2018

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Zvi Frank, a former pilot in the Israeli Air Force, and now the CEO of the startup Zemingo, at his office in Herzliya; in the background is a poster of his daughter with his do,. August 20, 2018 (Shoshanna Solomon; Times of Israel)

A day in the (tech) life

Entrepreneurs don’t have to make the wave; they must surf it, says Zemingo CEO

By Shoshanna Solomon

Zvi Frank, whose startup makes software that makes objects ‘smart’, is a former air force pilot; being an entrepreneur is a ‘disease’ he loves, and he also has an Emmy award

Students walk through the Tel Aviv University campus in Israel. (AP Photo/Tsafrir Abayov)

Tel Aviv University produces most entrepreneurs in Israel, PitchBook says

By Shoshanna Solomon

TAU, Technion and the Hebrew University are ranked among the top 50 undergraduate programs in the world that produce VC-backed entrepreneurs

First-grade students sit in a classroom on their first day of school at Efrata elementary school in Jerusalem, on September 2, 2018. (Hadas Parush/Flash90)

2.3 million Israeli kids back in class as school year begins

Education minister says start of year expected to be the ‘smoothest’ during his tenure, though 80,000 toddlers to remain home due to daycare strike

Illustrative image of pizza (Public Domain)

Diets that involve shrinking your plate size don’t work, Israeli study says

Thousands attend a protest in Tel Aviv, against the plan to build gas rig 10 kilometers from the Israeli coastline on September 1, 2018. The signs read 'don't poison us.' (Miriam Alster/FLASH90)

Thousands in Tel Aviv rally against gas platform being built near coast

Activists say processing facility to be constructed 10 kilometers from the shore near Caesarea will cause environmental and health damage

The rise of online shopping in Israel

In 2017, Israelis purchased around two online orders every second, which is up fifteen percent from 2016

Analysis

Shoshanna Solomon

With ‘king of tycoons’ off to jail, courts signal crackdown on financial crime

Lengthening of Nochi Dankner’s sentence for securities fraud sends clear message that white-collar crime will not be tolerated, say economic observers

Former chairman of IDB Group Nochi Dankner seen at the Supreme Court in Jerusalem on April 23, 2018. (Yonatan Sindel/Flash90)

A Bank Mizrahi branch in Jerusalem (Miriam Alster/Flash90)

Mizrahi-Tefahot bank sets aside added $116.5m for US tax evasion probe

By Shoshanna Solomon

Provision almost halves profit for the quarter, to NIS 207m ($57.2m) from NIS 400m in the same period a year earlier; CEO says talks with US regulators started

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