Economy

Strauss-Kahn not looking for Israel bank job

By Abi Goodman, November 25, 2011

Dominique Strauss-Kahn has denied rumours that he and his wife will be making a fresh start in Israel.

After the couple spent last weekend in Israel, French press reported that Mr Strauss-Kahn could be a possible replacement for Stanley Fischer, governor of the Bank of Israel Governor.

But Mr Strauss-Kahn's lawyer, Richard Malka, strongly denied the speculation.

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The modern science of job-hunting

By Shraga Zaltzman, November 24, 2011

Youth unemployment has reached more than a million – a 15-year high. Earlier this month, the government released the latest in its series of frightening employment statistics, and we are left to consider what is driving these very scary numbers.

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Topshop boss Sir Philip Green planning mass store closures

By Jennifer Lipman, November 24, 2011

Sir Philip Green has announced that up to 260 stores in his Arcadia retail empire will close in the next few years after a dramatic fall in profits.

The billionaire entrepreneur, whose group owns chains including Topshop, BhS and Dorothy Perkins, has revealed that the company saw a 38 per cent fall in annual profits.

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Succah at Occupy London Stock Exchange

By Jennifer Lipman, October 18, 2011

Protesters at the Occupy London Stock Exchange have been invited to take temporary shelter – in a succah.

Following in the footsteps of Jewish demonstrators in New York, a group of British activists have decided to put up a "protest succah".

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Anti-Jewish protesters at Occupy Wall Street

By Jennifer Lipman, October 17, 2011

A conservative group has highlighted incidents of antisemitism and anti-Israel activity at the Occupy Wall Street protest.

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Yom Kippur the Occupy Wall Street way

By Jennifer Lipman, October 7, 2011

More than 300 people have said they will attend a Kol Nidre service in the middle of what may be the biggest protest to hit New York City in decades.

The Yom Kippur service at the Occupy Wall Street site has been organised on Facebook by Daniel Sieradski, a digital entrepreneur who founded a website enabling people to customise prayer books and Haggadot.

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Defence cuts 'madness' say IDF chiefs

By Anshel Pfeffer, September 27, 2011

The battle for social justice, demanded by hundreds of thousands on the streets of Israel throughout the summer, is swiftly becoming the battle for the defence budget.

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Sussex post for scholar

By Simon Rocker, September 22, 2011

An Israeli scholar who has written books on Jews in European sport and on the impact of the economy on Jewish history has joined Sussex University's Centre for German-Jewish Studies as its new director.

Gideon Reuveni - who has a doctorate from the Hebrew University and has taught at universities in Australia and Germany, as well as at Ben Gurion University in the Negev - will also be a reader

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Israel moves to reduce power of big business

By Anshel Pfeffer, September 22, 2011

Two high-level government committees are about to change the way Israel's economy functions.

One of the two bodies addressed the issue of cross-ownership in a report issued on Monday. The other, which is due to deliver its initial report next week, will propose new priorities for the government's budget.

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George Soros says goodbye to hedge fund career

By Jennifer Lipman, July 27, 2011

Billionaire George Soros is to retire from his lengthy hedge-fund career.

Nearly 20 years after he made some £1 billion betting against the Bank of England on Black Wednesday, the 80-year-old businessman has decided to retire, save for the management of personal assets.

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Struass-Kahn quits IMF to focus on assault case

By Jennifer Lipman, May 19, 2011

Dominique Strauss-Kahn has resigned from the International Monetary Fund.

It comes after the former IMF chief was accused of sexual assault by a hotel maid in Manhattan. He was arrested and taken to Riker's Island jail. He is set to appear in court on Friday.

The French politician, 62, said in a statement that he was leaving to "protect the institution."

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Pesach aid rises as slump bites

By Simon Rocker, March 31, 2011

The United Synagogue is sending out more Pesach food and voucher parcels than it budgeted for because of economic conditions.

David Kaplan, US community services director, said 570 parcels were being distributed compared to the 400 it had originally allowed for.

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Lord Young tells David Cameron 'I quit' after recession gaffe

By Jennifer Lipman, November 19, 2010

The Conservative peer Lord Young of Graffham has resigned as an economics adviser to David Cameron after commenting that people hit by the recession “have never had it so good”.

The Prime Minister has accepted Lord Young’s resignation from the unpaid role, just hours after he said the Jewish peer would be “doing a bit less speaking in future".

Labour politicians criticised him for displaying "complete indifference” after the peer told the Daily Telegraph that “this so-called recession” had actually had a positive impact on some people.

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Unemployment falls as Israeli economy surges

By Simon Griver, September 7, 2010

Israel's holiday season has been brightened by better-than-expected economic figures.

The Central Bureau of Statistics in Jerusalem reported that the Israeli economy grew by 4.7 per cent on an annualised basis in the second quarter of 2010 - far above expectations of 2.9 per cent - because of the crisis in Europe.

Unemployment fell from 7 per cent in the first quarter of 2010 to 6.2 per cent in the second quarter and is approaching the low-point of 5.9 per cent achieved in the summer of 2008, before the global economic crisis struck.

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Israel may lift bar on entering West Bank

By Anshel Pfeffer, July 22, 2010

The IDF is considering lifting the ban on Israelis entering Palestinian cities in the West Bank for the first time in a decade.

The ban was originally imposed a few months after the second intifada began in late 2000, after a number of Israelis who had entered the cities of the West Bank were murdered by terror groups.

Since then, roadblocks at the entrances to all the cities prevent Israelis from entering. Palestinian police who find Israelis in those cities without an official permit arrest them and escort them out to the roadblocks.

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Charedim hard hit by budget

By Marcus Dysch, June 24, 2010

The spending cuts announced in the budget contain "very bleak news" that could lead to misery for the Charedi community, the country's largest Jewish housing association has warned.

Chancellor George Osborne's announcement of a freeze on child benefits and cuts to housing benefit have been met with serious concern by the Agudas Israel Housing Association.

Families on housing benefit will receive a maximum of £400 a week for properties with more than three bedrooms as the government attempts to save £1.8 billion by the end of this parliament.

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Israel enters OECD

By Simon Griver, May 13, 2010

Israel has been officially accepted as a member of the Organisation for Economic Cooperation and Development (OECD), the forum of the world's most developed economies.

The 31 member nations voted unanimously for Israel's accession in Paris on Monday, and also accepted Estonia and Slovenia.

Israel's Minister of Finance, Prof Yuval Steinitz, said the vote has implications far beyond the economic sphere.

"This has huge diplomatic significance at a time when Israel is under attack and being delegitimised in the international arena."

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Gerald Ronson: 'Social unrest in a two-tier Britain'

By Jessica Elgot, April 14, 2010

Jewish businessman Gerald Ronson has warned of “social unrest” if the problems of a “two tier Britain” are not tackled.

The Chief Executive of Heron International also called on the next government not to target entrepreneurs with heavy taxation and constraints which could drive them out of the country.

Speaking at the “topping out” ceremony for the Heron Tower, a skyscraper his company has developed, Mr Ronson spoke of his concern about the growing divide between the city and the rest of the country.

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Sir Victor Blank takes government panel role

By Jessica Elgot, February 2, 2010

The former chairman of Lloyds, Sir Victor Blank, will take an unpaid role as a government adviser on overseas investment.

Sir Victor, who left Lloyds after its disastrous takeover of HBOS, will sit on the new Investment Advisory Panel, created by Business Secretary Lord Mandelson for government department UK Trade and Investment.

The panel, which includes Dragon’s Den judge James Caan, is believed to have met for the first time this week.

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Fears of 'hostile' shekel trading

By Simon Griver, September 18, 2009

The recent strength of the shekel has generally been credited to a strong Israeli economy. However, market sources now claim that speculators are targeting the shekel, keeping it artificially high, with foreigners holding nearly $80 billion of the currency.

A massive sell-off of shekels could seriously destabilise the country’s economy and some, like Motorola Israel president Elisha Yanay, suspect that the speculators may have more than profit in mind.

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