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TECH ISRAEL
Updates from Silicon Wadi on
Sunday, August 16, 2020
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Private consumption, imports down by over 40%
Israel’s virus-battered economy sees sharpest contraction in 45 years
By
ToI Staff
Exceeding worst forecasts, CBS indicates GDP dropped by 28% in second quarter of 2020; Netanyahu brushes off estimates as Lapid warns of ‘disaster’
Arrivals to Israel from 20 countries no longer need to quarantine
Order goes into effect immediately, applies retroactively to Israelis who recently returned from the designated states
Ashkenazi says he and UAE counterpart 'agreed to meet soon'
UAE foreign minister calls his Israeli counterpart to launch direct phone lines
By
AP
and
ToI Staff
Abu Dhabi authorities remove block on calls between countries, allow access to Israeli websites — including Times of Israel
KAHR Medical gets FDA nod to start human trials for cancer drug
By
Shoshanna Solomon
Drug developed by Jerusalem-based startup targets cancer cells, weakens their defenses, and activates a local response, company says; Swiss pharma firm Roche to join trials
Poll: 1 in 5 self-employed out of work, 65% suffered income loss due to virus
By
Stuart Winer
Average rate of lost income was 44%, survey finds; among salaried employees, 35% took a wage cut; earnings loss most widespread in low income households
Liora Bowers
Employers, let your staff stay home
The government is not currently requiring everyone to stay out of the office, but it’s still your responsibility to help flatten the curve
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