Shein lost $99 million. Its recovery plan will cost you dearly
The fashion giant reported a transition to a $99 million loss and a sharp drop in profitability in its IPO prospectus, driven by customs levies and growing competition.
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What types of damages can you recover in a personal injury lawsuit?
Fugitive from Panama and architect of "Fraud of the Century" extradited
Double Lotto NIS 10M winner: "Waiting to share the news with my combat soldier son"
Record sale for a women's basketball team: Connecticut Sun sold for $300 million
Huge deal in the WNBA: The Fertitta family, owners of the Houston Rockets, purchased the team for the highest amount in league history.
The BTL plant in Nahariya will close and 450 employees will be laid off
Following the negotiations, it was decided to keep two departments open, but for hundreds of families in the north it is too little, too late.
Why do businesspeople buy sports teams?
From sophisticated tax benefits, through a shortcut to regulators, to critical real estate engines – the hidden premiums of the football and basketball world.
Yum strikes two deals to sell Pizza Hut for $2.7 billion in tale of diverging fortunes
Private equity firm LongRange Capital will acquire Pizza Hut stores in the US and worldwide, and Yum China Holdings will retain the China locations.
Huge donation of NIS 200 million for a new rehabilitation hospital in Sde Dov
The Jusidman family from Mexico will fund a significant part of the construction of Israel's central rehabilitation center in Tel Aviv, which will replace the Reuth Hospital.
El Al to offer Starlink internet to passengers starting in 2027
According to Reuters, the service will be implemented at the beginning of the year and will be offered free of charge.
Fox jumps to streaming market, acquires Roku in $22 billion deal that will combine both companies
"The transaction combines FOX’s leading sports, news, and entertainment content and the Tubi service, with Roku’s leading connected TV platform," Fox Corporation said in a statement.
First AI World Cup in history: What technology innovations are used during sports' biggest stage?
Almost every action on the pitch will generate digital data, from player positions, ball movement, contact points, refereeing decisions, crowd movement, and even broadcast output for viewers.
Anthropic disables top-tier AI models after US order limiting foreign access
Anthropic received the export control directive to suspend access to Fable 5 and Mythos 5 for all foreign nationals, without being given specific details of the national security concern.
Meta claims Israeli spyware firm NSO Group failed to complain, demands further pressure by US gov't
The complaint accuses the Israeli firm of running a phishing campaign that tricks users into clicking links leading to malicious websites, and of testing its products on WhatsApp accounts and groups.
