Edition:
United Kingdom

Tova Cohen

Israel should take action against firm linked to WhatsApp breach: Amnesty

16 May 2019

TEL AVIV Amnesty International called on Thursday for Israel's government to ensure that an Israeli company, whose spyware has been linked to a WhatsApp breach that may have targeted human rights groups, be held accountable for the way its software is used.

UPDATE 1-Wix.com raises 2019 revenue outlook after Q1 tops estimates

16 May 2019

TEL AVIV, May 16 Wix.com, which helps small businesses build and operate websites, raised its 2019 revenue forecast after first-quarter sales beat estimates as more users converted to paid subscriptions.

NSO owner tells Amnesty it will prevent abuse of spyware linked to WhatsApp breach

15 May 2019

TEL AVIV NSO Group's owner said it will do whatever necessary to ensure the Israeli firm's spyware does not undermine human rights, after Amnesty International sought to revoke the export licence for NSO, which has been linked to a WhatsApp breach.

UPDATE 1-Chipmaker TowerJazz quarterly profit slips on weak data centre market

15 May 2019

TEL AVIV, May 15 Israeli chip manufacturer TowerJazz reported on Wednesday lower first quarter net profit although it still matched estimates, as weakness in the data centre market weighed on revenue.

Teva's new migraine drug helps to contain profit fall

02 May 2019

TEL AVIV Israel-based Teva Pharmaceutical Industries Ltd on Thursday forecast a sharp rise in revenue next year from its new migraine drug Ajovy and reported a slightly smaller-than-expected drop in first-quarter profit.

UPDATE 1-Check Point Software sees Q2 profit in line with estimates

18 Apr 2019

TEL AVIV, April 18 Network security provider Check Point Software Technologies reported first quarter net profit that topped expectations by a cent and forecast second quarter profit in line with estimates.

Israel parliament panel criticizes bank regulator, seeks more oversight

16 Apr 2019

JERUSALEM A parliamentary panel has proposed lawmakers oversee Israel's banking regulator after blaming the central bank for being too lax on regulation that led to high-profile loan defaults by some of the country's largest borrowers.

UPDATE 1-Bank Hapoalim sells 58 pct of credit card unit ahead of public listing

04 Apr 2019

* Isracard is Israel's largest credit card issuer (Adds details, background, CEO quote)

Israel could face austerity under next government

03 Apr 2019

JERUSALEM Israel's economy has barely featured in the run-up to next week's general election, yet the central bank and many economists warn the new government will need to cut spending and raise taxes to rein in a growing budget deficit.

Israeli adtech firm IronSource sees revenue of $900 million in 2019

01 Apr 2019

TEL AVIV Advertising technology firm IronSource, one of Israel's most valuable private technology companies, expects to double revenue in 2019 and is seeking acquisitions valued at hundreds of millions of dollars.

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