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ISRAEL AT WAR - DAY 426

Sharon Wrobel

Sharon Wrobel

Sharon Wrobel is a tech reporter for The Times of Israel.
IDF troops operate at the Litani River in the eastern sector of southern Lebanon, in a handout image released on November 26, 2024. (Israel Defense Forces)
December 4, 2024, 11:59 pm
OECD cuts Israel growth forecast as costs of war expected to continue to mount
The Paris-based organization says risks remain high and urges the government to take fiscal action to bring the deficit down
By Sharon Wrobel
Bank Hapoalim chairman Reuven Krupik speaks at the Globes business conference in Tel Aviv on Dec. 3, 2024. (Shlomi Yosef/Globes)
December 3, 2024, 8:19 pm
Business leaders worry about government priorities to support war-battered economy
Prominent entrepreneurs see the continued prioritization of political budget allocations, over economic ones, delaying recovery at a cost to the public
By Sharon Wrobel
Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event in New York, on December 14, 2023. (AP Photo/Seth Wenig, File)
December 2, 2024, 9:22 pm
Intel CEO resigns before completing struggling chipmaker’s turnaround plan
Pat Gelsinger, Israel supporter and head of one of the largest employers in the country, leaves as it rushes to catch up with rivals, despite layoffs and asset sales
By Reuters and Sharon Wrobel
For illustration: Former NBA player and investor Omri Casspi (second from right) tours Israel's devastated south with tech billionaire Elon Musk (right) in November 2023. (Courtesy)
December 2, 2024, 7:18 pm
‘Zionism 2.0’: Former NBA player Omri Casspi raises $60m to invest in Israeli startups
The athlete’s second seed venture capital fund, Swish Ventures, seeks to fund locally founded businesses in cybersecurity, cloud infrastructure and AI
By Sharon Wrobel
This photo shows signage for Fitch Ratings, in New York, October 9, 2011. (Henny Ray Abrams/AP)
November 28, 2024, 8:09 pm
Fitch and Moody’s express cautious optimism over ‘fragile’ ceasefire with Hezbollah
Credit rating agencies note that the ceasefire with Hezbollah, if durable, reduces only one source of geopolitical risk while others remain, alongside domestic political concerns
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks at a conference in Tel Aviv on November 27, 2024. (BOI spokesperson)
November 27, 2024, 5:08 pm
Bank of Israel head bashes banks for raking in hefty profits while shortchanging clients
Governor Yaron laments that deposits sitting in checking accounts often do not bear interest for holders, but are a cheap source of financing for lenders
By Sharon Wrobel
Illustrative: People shop for food at Shufersal, on September 21, 2020. (Yossi Aloni/Flash90)
November 26, 2024, 6:56 pm
Shufersal profit jumps 370%, bolstered by price hikes, strong food demand amid war
Supermarket chain earns NIS 238m in the July to September period, when many Israelis didn’t travel abroad due to the absence of foreign carriers and stocked up on food items
By Sharon Wrobel
A Fly Dubai plane is parked on the tarmac at Ben Gurion International Airport, near Lod, November 10, 2024. (AP Photo/ Ohad Zwigenberg)
November 25, 2024, 11:12 pm
Tech forum names seasonal airline, reveals fares for NY route, to launch in January
With US airlines staying away, limited seats, and sky-high fares, TechAir is set to offer Tel Aviv-New York flights at a round-trip fare of $800-$1,800 in economy class
By Sharon Wrobel
Israeli startup Imagindairy uses precision fermentation technology to teach microorganisms such as yeast or fungi to produce animal-free milk proteins. (Tal Shahar/Imagindairy)
November 25, 2024, 5:25 pm
Foodtech startup gets regulatory nod for protein to sell cow-free milk in Israel
Imagindairy seeks to partner with food companies for the production of dairy products like cheeses, yogurts, and ice cream made with its animal-free protein
By Sharon Wrobel
Sabra hummus stickered with anti-Israel message in the US, January 2024 (L) and packages of Sabra hummus on display in Los Angeles, April 2021 (Facebook screen capture / The Image Party/Shutterstock.com)
November 24, 2024, 6:52 pm
Strauss divests stake in Sabra US hummus venture to PepsiCo for $244 million
Food manufacturer sells holding in joint venture after declining sales, amid fierce competition and an uptick in the anti-Israel boycott campaign in the US
By Sharon Wrobel
Founders of Israeli-founded startup Dazz (from left to right): Yuval Ofir (VP R&D), Merav Bahat (CEO), and Tomer Schwartz (CTO). (Courtesy)
November 21, 2024, 6:05 pm
Cyber unicorn Wiz snaps up Israeli-founded startup Dazz for $450 million
Wiz, recently valued at $12 billion, says the deal will bolster its cloud security platform with AI capabilities to detect and manage security breaches with a faster response time
By Sharon Wrobel
El Al Airlines' Boeing 737s are pictured on the tarmac at Ben Gurion International Airport near Tel Aviv, March 10, 2020. (Jack Guez/AFP)
November 20, 2024, 4:53 pm
El Al profit jumps 260% as rivals stay away, fueling criticism over war profiteering
National carrier generated a record $1 billion in revenue after most foreign airlines suspended Israel operations; some relief for severe seat shortage in sight from Arkia, Israir
By Sharon Wrobel
A undated handout image showing a PULS artillery rocket-launcher system. (Elbit Systems)
November 19, 2024, 8:21 pm
Elbit’s profit surges 30% as its order backlog hits record amid multifront war
Defense firm reports increased sales of drones to Israel’s military; total orders jumped to $22.1 billion at end of September, 66% coming from global customers
By Sharon Wrobel
A Bank Hapoalim cash machine. (Yonatan Sindel/Flash90)
November 18, 2024, 10:48 pm
Major lenders’ profits soar as banks cash in on wartime interest rate growth
As homes and businesses grapple with loan repayments, Hapoalim sees quarterly profit rise 14% fueled by NIS 4.58b in net interest income; Discount’s profit jumps 39%, Leumi’s 30%
By Sharon Wrobel
One Zero digital bank's securities platform. (Courtesy)
November 18, 2024, 5:28 pm
One Zero CEO steps down after halted expansion plans in Italy and layoffs due to war
Gal Bar Dea was designated to lead the Israeli bank’s plan to create a digital bank with Italy’s Banca Generali, which was frozen in the unfavorable geopolitical environment
By Sharon Wrobel
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