Business

Warren Buffett steps down as Berkshire chair, becomes chairman emeritus

Howard Buffett will chair the $1 trillion conglomerate as his father remains on its board in an advisory role.

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019; illustrative.
A businessman is seen working alongside a team of robots in this illustrative image of artificial intelligence.

Is AI the end, or the means to the end? - opinion

AI English-learning startup Loora founders CEO Roy Mor and CTO Yonti Levin.

Israeli AI English-learning startup Loora raises $22m. in Series B

Coca Cola cans.

Not ending at NIS 18m.: Additional fine for Central Bottling Company


The Asian restaurant group that is expanding when everyone else is closing

At the height of one of the most complex periods the restaurant world has ever known, Chen and Avichai Menachem never stop investing.

Chen and Avichai Menachem

Amy Group acquires Planet Rishon Lezon for NIS 300 million

The Amy Group, owned by businessman Shlomi Nechaisi, continues to expand in the cinema sector and is acquiring the Planet complex in Rishon Lezion.

Shlomi Nechaisi, owner of the Amy Group

The curse of being Israel's most valuable company

Tower's share price has jumped nearly 900% in the past five years, but less than 24 hours after reaching the top, the world's chip stocks plummeted, and Tower's share price tumbled 10.79%

In January, Israel’s Ministry of Defense signed a multi-year contract with Semiconductor Devices valued at approximately $115 million (NIS 380 million).

Macy’s magnate Nathan Straus used his fortune to combat disease in New York and Mandatory Palestine

Unlike Rockefeller or Carnegie, Nathan Straus began to give his money away early on and was devoted to several significant philanthropic initiatives as he continued to build his major businesses.

Nathan Straus

An $11.5 billion family drama: The Ray–Ban heir against his siblings

Leonardo Maria Del Vecchio is trying to put an end to the deadlock that has formed since his father's death, and has submitted a giant offer to purchase his siblings' shares.

Leonardo Maria Del Vecchio

The tech deal of the year: Four giants poured a billion dollars into an Israeli company

AppsFlyer closed a dramatic funding round of over a billion dollars as part of its Series E round, at a company valuation of $2.7 billion.

AppsFlyer

Fewer likes, more expertise: LinkedIn’s new role in the future of work - opinion

As AI, layoffs, and growing competition reshape the professional world, LinkedIn is becoming less about visibility and more about credibility, expertise, and trust.

 LinkedIn headquarters in Mountain View, California.

No shopping on Shabbat? The blow landing on the Big Fashion Glilot complex

The Director General of the Ministry of Interior sent an unprecedented letter to the municipality, attacking the non-enforcement of the law on Shabbat. Will the giant complex be closed?

Crowds at Big Fashion in Glilot during the complex's first weekend

From two construction families in Even Yehuda to leading real estate group: Shponder & Fadlon story

From family firms of Herzl Fadlon and Yehoshua Shponder in the 1970s to a Israel real estate group focused on development execution and urban renewal across Israel with large-scale portfolio.

Shponder & Fadlon Project.

The businesses that will make a killing in the World Cup, and those that will take a hit

The late broadcasting hours of the current tournament are going to keep you at home, punish the bars, and inflate the pockets of one specific industry.

The World Cup has far-reaching effects on the national mood