Economy

Iain Duncan Smith looks into row over Shabbat work

By Jonathan Kalmus, September 18, 2013

Secretary of State for Work and Pensions Iain Duncan Smith is looking into complaints by MPs that dozens of Jews have been forced to seek work on Saturdays or face losing their job seekers allowance.

The move has come in response to concerns expressed by Labour MPs Ivan Lewis and Hazel Blears.

More..

Girls doing it their way

By Sandy Rashty, September 17, 2013

These women are the business. They have set up their own companies straight after graduating from university – and what’s more, the young entrepreneurs are running the companies from their family home.

More..

Carney leads the way on banking changes

By Alex Brummer, September 13, 2013

New Bank of England governor Mark Carney has made a positive impact on the UK economy.

The Canadian-born banker and chairman of the G20 Financial Stability Board has shifted the focus from inflation to growth.

When I interviewed Carney he made it clear that interest rates would remain at record low levels for ordinary households and smaller businesses.

More..

All Aboard charity shops 'struggle' as recession hits

By Marcus Dysch, September 4, 2013

Britain’s leading Jewish charity shop organisation is struggling in the face of unprecedented challenges, the chairman of its trustees has reported.

The All Aboard stores are a familiar sight for shoppers especially on London’s high streets, but the impact of the recession and the growth of online businesses has hit profit margins, Jeffrey Pinnick said.

More..

‘Not a bad deal’: Bale agent’s verdict on £86 million transfer

By Josh Jackman, September 3, 2013

Jonathan Barnett has just broken a world record.

After months of negotiations, the football agent this week wrapped up Gareth Bale’s £85.3 million move to Real Madrid, ending the most drawn-up transfer saga of the summer.

More..

Typo causes Israeli firm to plummet on stock exchange

By Sandy Rashty, August 27, 2013

The value of an Israeli company dropped by millions of pounds after a trader made a typo.

Israel Corporation, Israel’s largest holding company, formerly headed by London-based Idan Ofer, saw its value plummet by over 99 per cent minutes after the mishap last Sunday afternoon.

More..

Blair-backed city that became beacon of hope

By Anshel Pfeffer, August 16, 2013

Its supporters see Rawabi as proof that the financial situation in the West Bank can improve and that a Palestinian middle-class is emerging. Its detractors see it as merely an extension of the “Ramallah bubble”, disconnected from the rest of the Palestinian territories and perpetuating the occupation.

More..

Bank of Israel fiasco bodes ill for economy

By Anshel Pfeffer, August 9, 2013

There is a long list of reasons for the ongoing farce that is the attempt to appoint the next governor of the Bank of Israel.

So far in the saga, two appointees — respected veteran economists — have declined the post following allegations of past misdeeds. As a result, the bank has been without a permanent chief banker for a month now.

More..

Netanyahu seeks new rules on bank governor selection

By Zoe Winograd, August 5, 2013

Israeli Prime Minister Benjamin Netanyahu might change the process of selecting the Bank of Israel governor after two candidates stepped down last week.

Reportedly, Mr Netanyahu is considering including the Turkel Committee, an advisory committee on senior appointments, in the decision-making process.

More..

Frenkel withdraws Bank of Israel candidacy

By Zoe Winograd, July 30, 2013

Jacob Frenkel has withdrawn his bid to be the next governor of the Bank of Israel following allegations of theft.

More..