Three different groups won the tender for the management and planning of the metro lines at an estimated cost of NIS 7-8 billion. Minister of Transportation Miri Regev added: “The great response to the tender, which was approached by leading infrastructure, transportation and finance entities from Israel and the world, testifies to the strength and […]
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Even without official statistics, the trend on the ground is clear: more and more companies are getting into financial difficulties and turning to insolvency proceedings. Real estate companies, high-tech companies, even defense companies. No-one can evade the economic situation. What in the past was confined to this or that sector undergoing a shake-up of its […]
On August 18, 2023, in Thaler v. Perlmutter, Judge Beryl A. Howell of the U.S. District Court for the District of Columbia granted the U.S. Copyright Office’s motion for summary judgment, affirming the Copyright Office’s decision that a work generated entirely by AI with no human input is not copyrightable. How likely will that become […]
Fintech, more than any other industry, is influenced by macroeconomic trends. But the current downturn in investments is largely a market correction, presenting a great opportunity for fintech growth, writes Ronen Assia, Managing Partner at Team8 and co-founder of eToro. Read this interesting opinion piece in Calcalist.
Vietnamese electric car maker VinFast Auto (Nasdaq: VFS), which made its IPO on Nasdaq last week and is now traded at a market cap of USD86 billion, is expected to start selling its vehicles in Israel and Europe this year. Read more in Globes.
Clal Insurance & Finance Enterprises Holdings Ltd. (TASE: CLIS) has completed the successful issuance of TASE traded bonds, for a total value of NIS 400 million. Clal Insurance Enterprises Holdings is one of the leading insurance and long-terms saving groups in Israel. MEKOROT National Water Company has also successfully completed the institutional stage of raising […]
Fintech-focused private equity firm, Motive Partners has committed to invest USD50 million in Spitit Payments Ltd., an Israeli company publicly traded on the Australian Securities Exchange. Herzog advised Splitit Payments, led by co-head of the Corporate and Securities department, Nir Dash, along with the department’s partner Erez Abu, associates Ohad Graub, Nesimyan Adawi, and Dana Qaq, with close support from […]
Check-Cap Ltd., an Israeli clinical stage medical diagnostics company listed on Nasdaq, is to merge with Keystone Dental Holdings, Inc., a leading dental implant company. If completed, the business combination will create a public company focused on advancing Keystone’s comprehensive portfolio of implants, arches and other tooth replacement solutions comprised of restoration products, prosthetic solutions, […]
Last week, Israel and Jordan signed a letter of intent in Abu Dhabi for a so-called “water-for-energy” project, under which Jordan will build a massive solar farm in the desert that will generate clean energy to be sold to Israel in return for desalinated water. Read more in the Jerusalem Post.
Artificial intelligence-generated art cannot be protected by copyright, a US federal judge ruled this past week, in a piece of legislation that may codify intellectual property rights regarding creative works made by AI as opposed to those made by humans. The significance of the ruling comes amid the ongoing writers’ and actors’ strikes in Hollywood, which […]
