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Economics at timesofisrael.com

Friday, Nov 3

02

FTX founder Sam Bankman-Fried convicted of defrauding crypto customers

US jury finds former head of cryptocurrency exchange guilty on all counts for scheme that cheated customers and investors out of $10 billion

Thursday, Nov 2

22

US House approves military aid package to Israel that Biden has vowed to veto

12 Democrats join nearly all Republicans in backing $14.5 billion proposal, which US president and Senate's Democratic majority oppose for not also including assistance to Ukraine

20

Justice minister, Supreme Court president appoint 14 temporary judges

Temporary appointments made in light of numerous empty spots on court benches around the country, owing to Levin's refusal to convene Judicial Selection Committee

19

Venture capitalists launch emergency impact fund for war-affected Israeli startups

The fund, backed by investors from Pitango, Viola, and Silvertech, has a goal of raising $20 million to ensure early-stage startups can continue to grow during the war with Hamas

15

Cabinet approves war compensation package for affected businesses and self-employed

Finance Ministry's plan, which awaits Knesset approval, includes grants to businesses that have suffered indirect damages due to the war and benefits for employees on unpaid leave

Wednesday, Nov 1

23

Multinational tech firms from SAP to Intel to give Israeli workers wartime grant

Companies planning one-time cash payments to their employees to help them cope with financial hardships during the ongoing war with Hamas

11

Phone and internet connections in Gaza briefly go dark again as war rages

Paltel says services were 'completely cut off;' global monitor group describes situation as 'internet blackout with high impact'; services gradually restored several hours later

01

At Republican Jewish event, Trump draws applause, and anxiety, as he guns for 2nd term

GOP Jewish donors fear Trump is alienated from pro-Israel advisers who shaped his foreign policy as president, and replaced by isolationists who have flirted with antisemitism

Tuesday, Oct 31

17

Shekel strengthens as investor fears over war escalation to the north ease

www.timesofisrael.com

As Israel widens Gaza ground offensive against Hamas, market expects fighting will be limited to the south; last week shekel hit weakest level in 11 years

12

Israel’s economy bounced back after previous Hamas wars, but this one may take longer

www.timesofisrael.com

A protracted conflict, potentially expanding to multiple fronts, could cause even more damage to an economy already battered by the controversial planned legal overhaul

Monday, Oct 30

19

Doug Emhoff meets Jewish leaders as US ups efforts to tackle campus antisemitism

www.timesofisrael.com

Second gentleman to be joined by education czar, whose office is conducting visits to colleges across country, as part of declared White House plan to address 'alarming' phenomenon

15

World Bank warns Israel-Hamas war could push oil prices into ‘uncharted territory’

www.timesofisrael.com

Bank says worst-case scenario would see conflict spread across the region and oil prices exceed $140 per barrel, driving up the cost of food

Sunday, Oct 29

23

Amid ongoing war, BP and Eni among firms awarded gas exploration licenses in Israel

www.timesofisrael.com

Energy Ministry says a total of 12 licenses have been given to six companies, four of which are new players in the exploration of natural gas off the country's Mediterranean coast

10

Netanyahu slammed for post blaming intelligence chiefs for Oct. 7 failure; apologizes

www.timesofisrael.com

PM deletes tweet hours later, then apologizes and says he fully backs security chiefs, after Gantz upbraids him: 'When we are at war, leadership must display responsibility'

03

Mike Pence drops out of presidential race at Republican Jewish conference

www.timesofisrael.com

Former vice president warns against 'siren song of populism' within GOP; Republican presidential hopefuls pledge support for Israel

Saturday, Oct 28

02

Police: Don’t answer calls from unknown foreign numbers amid potential hack attempt

www.timesofisrael.com

Authorities say calls flooding Israelis' phones over past day appear designed to cause panic, possibly hack WhatsApp accounts

Friday, Oct 27

06

Brandeis senate that didn’t rebuke Hamas doesn’t speak for us, student statements say

www.timesofisrael.com

Missives aim to demonstrate that recent vote by legislative body not representative of majority view at the university founded in 1948 by US Jewish community leaders

Thursday, Oct 26

15

Social lender to provide interest-free credit to war-damaged businesses and families

www.timesofisrael.com

Ogen creates emergency economic relief fund to provide loans to small businesses and individuals in financial stress during the ongoing Hamas war

Wednesday, Oct 25

23

Ending weeks of gridlock, Republicans elect Trump ally Mike Johnson as House speaker

www.timesofisrael.com

Vote ends Congress dysfunction; Biden urges legislature to move ahead with war aid for Israel, Ukraine; Johnson played key role in efforts to overturn 2020 election

21

Barkat slams Treasury, presents rival emergency aid plan for war-affected businesses

www.timesofisrael.com

Economy minister says Finance Ministry's compensation plan is not comprehensive and does not provide full assistance for all businesses suffering losses during the Gaza war

17

Former Trump lawyer Michael Cohen resumes testimony in business fraud lawsuit

www.timesofisrael.com

Attorney parted ways with the former US president in 2018 after being prosecuted for tax evasion, has been taking the stand against him in civil trial

Tuesday, Oct 24

About 70% of tech firms face operating difficulties amid reservists’ call-up

www.timesofisrael.com

Survey of the sector since the Israel-Hamas war broke out shows more than 70% of startups postponing or canceling orders and projects, others grappling with lack of financing

Monday, Oct 23

20

Bank of Israel shaves growth forecast, keeps interest rate steady as war bites

www.timesofisrael.com

Central Bank sees economy slowing to 2.3% in 2023 from previous forecast of 3%, assuming that the war will be contained in the south on the Gaza border in the fourth quarter

Sunday, Oct 22

16

Fox fashion retailer to furlough up to 50% of staff amid ongoing war with Hamas

www.timesofisrael.com

Retail fashion chain says it needs to cut expenses and reduce economic damage during the challenging war period; senior executives take a 50% pay cut for a month

Saturday, Oct 21

20

Daily Briefing Oct 21: Day 15 of war – Two freed hostages offer glimmer of good news

www.timesofisrael.com

US bureau chief Jacob Magid on what we know about Hamas's release of Judith, Natalie Raanan, 1st convoy of humanitarian aid; reporter Canaan Lidor on agriculture in Gaza envelope

Friday, Oct 20

19

Biden asks Congress to okay $14 billion in aid to Israel, $61 billion for Ukraine

www.timesofisrael.com

But Republican paralysis amid failure to elect speaker could hamper efforts to secure funds for allies

09

EU leaders head to White House for Biden summit on Israel-Hamas war, Ukraine

www.timesofisrael.com

Charles Michel and Ursula von der Leyen to meet US president and deliver a message of unity

03

Moody’s says reviewing Israeli credit rating for possible downgrade due to war

www.timesofisrael.com

Ratings agency warns 'severity' of the fighting sparked by deadly Hamas attack 'raises the possibility of longer lasting and material credit impact'

Thursday, Oct 19

00

Israeli entry into US Visa Waiver Program goes into effect

www.timesofisrael.com

Citizens with biometric passport can travel to US by filling out online form up to 72 hours before trip, will be able to remain in US for up to 90 days for business or pleasure

22

Despite Republican warnings, Palestinian refugees unlikely to storm US borders

www.timesofisrael.com

Former US president Donald Trump, Florida's DeSantis pressure Washington to close gates to Gazans seeking refuge on other side of world