Economy

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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