Business

Apple in £200 million deal for Israeli tech company

By Sandy Rashty, November 18, 2013

Apple has bought an Israeli company for more than £200 million.

The telecommunications giant bought PrimeSense, a Tel Aviv-based maker of micro chips for 3D technology, for £214 million this week, according to Israeli financial newspaper Calcalist.

But other sources say the reported deal has not yet been signed and is still in the process of negotiations.

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It is time to celebrate cutting Chanucah costs this season

By Martin Lewis, November 18, 2013

The shops have started their jingle bells, Christmas is coming and this year Chanucah precedes it by a month. I dislike early celebrations as much as the next man. Yet pre-planning can seriously slash festive costs, so you have better festivities at a lower price.

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Electric motor could drive down cost of truck market

By Sandy Rashty, November 18, 2013

He is a former Israeli naval officer who defended the state for six years from the backroom of an electric-motored submarine.

Now Asher Bennett, whose brother is Israeli Economy Minister Naftali Bennett, founded a UK company based on his experience in the Israeli Navy.

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Man spends record £51m on ‘Pink Star’ diamond

By Sandy Rashty, November 14, 2013

A Jewish man from New York bought a 59.60-carat pink diamond for a record £51 million at an auction in Geneva last night.

It is believed to be the largest sum ever paid for a gemstone.

The buyer, diamond cutter Isaac Wolf, named the flawless, oval-cut diamond “Pink Dream”. It was previously known as the “Pink Star”.

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Bottles up! Fine time to invest in wine

By Sandy Rashty, November 7, 2013

Investors have often looked to stocks, bonds and property to increase their capital. But a growing number of high net-worth individuals are turning to the fine wine market to diversify their portfolio.

David Nathan-Maister, who has 20 years’ experience in the wine industry, said investors can expect a return of up to 15 per cent per annum with the Oracle Paradis Wine Fund.

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Alan Sugar’s got his eye on you

By Sandy Rashty, November 7, 2013

Lord Sugar is watching you — or at least his technology is.

The mogul is chairman of digital media company Amscreen which has developed technology that can scan the faces of customers as they walk into a store, and tailor advertisements to their age and gender which are then screened as they reach the tills.

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Our voluntary CSR work pays dividends

By Rosa Doherty, November 4, 2013

Amy Woolf neatly places her heels under her desk. She is leaving the office to volunteer at Jewish Care’s resident Rubens House for people with dementia.

Her employer, corporate auditor KPMG, is one of many UK companies encouraging employees to set aside working hours to volunteer at charities of their choice as part of its Corporate Social Responsibility drive (CSR).

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Middle East economy slumps in face of Syrian refugees

By Alex Brummer, November 4, 2013

Hope for economic prosperity in the Middle East and North Africa in the wake of the Arab Spring have been dashed by successive crises in the region.

Global disappointment at the situation was palpable at the annual International Monetary Fund and World Bank meeting in Washington this month.

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New look for retailers’ survival

By Stephen Spitz, November 4, 2013

What does the word retail mean today? How does someone survive in a world totally different to the generation of successful entrepreneurs who started out in the 1950s and 1960s?

The principles of hard work, passion and focus are still vital, but the expectation of support from banks, friends, and family members is often a myth.

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A strange choice

November 1, 2013

What do you give the billionaire who has everything?

Another million dollars, it seems, in the view of the Genesis Prize judges, who have awarded their inaugural $1 million prize to Michael Bloomberg, the mayor of New York City. Mayor Bloomberg is indeed, as they put it in their citation, “one of the world’s greatest philanthropists” and “a visionary entrepreneur”.

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