Business

Hunger-strike businessman exits Bolivia jail

By Sandy Rashty, December 19, 2013

A Jewish businessman has returned to the US after being detained in Bolivia for more than two years on suspicion of money-laundering.

Jacob Ostreicher, 53, who managed a multi-million pound rice-farming venture, was arrested in Santa Cruz and detained for 18 months without charge in Palmasola prison from June 2011, before being put under house arrest.

More..

Knickers are downloaded as couple produce underwear on 3D printer

By Jonathan Kalmus, December 19, 2013

Mornings when you cannot find a pair of clean pants could be a thing of the past thanks to an Israeli couple whose revolutionary technology makes it possible to download a pair of new knickers through 3D printing.

More..

Need a £1m investment? Speak to customers first

By Sandy Rashty, December 16, 2013

An Israeli entrepreneur has secured over £1 million from private investors for his award-winning UK-based property company.

Nitzan Yudan, founder of Flat-Club, which helps young professionals find short-term accommodation by renting through their trusted social networks, says the funding will boost the company’s global presence.

More..

UK-Israel bridge built on innovation

By Charlotte Oliver, December 16, 2013

In 2011, UK and Israeli political and business leaders set up the “Tech Hub” at the British Embassy in Israel.

More..

Top women are now leading the world of high finance

By Alex Brummer, November 22, 2013

The departure of Angela Ahrendts from Burberry and Marjorie Scardino from Pearson has left Britain’s FTSE100 boardrooms woefully short of women chief executives.

But in the world of high finance, it is becoming a very different story.

More..

Babette Wasserman: The jewel behind the global brand

By Rosa Doherty, November 21, 2013

When it comes to launching a top retail brand in London — innovation, social media and celebrities are key to success.

So goes the advice of top businesswoman Babette Wasserman, who launched her jewellery line over 15 years ago.

More..

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.

More..

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.

More..

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.

More..

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”.

More..