Economy

Incoming Bank of Israel chief accused of shoplifting

By Sandy Rashty, July 15, 2013

A shoplifting allegation against incoming Bank of Israel Governor Jacob Frenkel resurfaced last week.

In an incident which was reported in the Israeli press seven years ago, Mr Frenkel allegedly stole perfume from a duty free shop in Hong Kong airport.

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Top job roles should be filled internally

By Alex Brummer, July 8, 2013

The appointment of Ian Livingston as the new trade minister at the House of Lords was a surprise.

Livingston, the former chief executive of the BT Group, has been credited with increasing the telecom giant’s fortune by cleaning-up services to global corporations and entering the pay TV market as a potential rival to BSkyB.

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Social media could affect your firm

By Jonathan Abrams , July 1, 2013

A survey by YouGov showed that only one in eight small businesses turn to a solicitor to solve a legal problem. As a lawyer, I find this shocking, so here are my top 10 tips on managing your business, media and the law.

1. TWITTER DON’TS

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Jitters over Israel’s new head banker

By Anshel Pfeffer, June 28, 2013

Prime Minister Benjamin Netanyahu sought to reassure the money markets on Sunday when he announced that veteran economist Jacob Frenkel had agreed to return to the post of governor of the Bank of Israel, replacing Professor Stanley Fischer.

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Spread the wealth around the eurozone

By Alex Brummer, June 25, 2013

The German-led austerity programme for the peripheral eurozone states is patently failing.

The European Central Bank (ECB) may have stabilised markets by keeping the single currency afloat, but the credibility of the policy steps are seriously damaged by increasing debt and hardship faced by many countries.

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Esther Levanon, CEO of the Tel Aviv Stock Exchange, says Israel has much to offer EU investors

By Sandy Rashty, June 25, 2013

Israel has a close economic relationship with the European market. The European Union is Israel’s largest source of imports (34.5 per cent) and its second largest export market at 26.1 per cent. There has been a surge in collaboration on high-tech programmes and research and development.

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The tech-smart millennial group

By Anna Sheinman, June 17, 2013

The Millennials, or 18-to-30-year-olds, are taking up ever more important roles in the workplace — but for many businesses they remain a mystery.

Demonstrating just how important they are, last week business leaders filled London’s Royal Opera House for a conference on millennials co-hosted by the Financial Times and Spanish telecoms group Telefonica.

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Honoured at British Israeli Business dinner

By Sandy Rashty, June 13, 2013

A leading industrialist and a British investment firm were recognised for their work in promoting trade between Britain and Israel this week.

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Record surge in Israel-UK trade

By Sandy Rashty, June 13, 2013

Trade between Britain and Israel rose by 21.9 per cent year-on-year between the first quarter of 2012 and 2013.

And despite the vociferous boycott campaign, imports from Israel rose by 55.6 per cent in the same period.

The figures released by the Central Bureau of Statistics in Israel show a £170 million overall increase in bilateral trade.

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Chief Rabbi urges government to act on 'moral hazard' of youth unemployment

By Jennifer Lipman, June 13, 2013

The chief rabbi has urged the government to bring together business and voluntary groups in order to boost employment prospects and thus the spiritual welfare of young people.

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