Focus will remain on Israel, with the shekel ILS= falling 0.3% to 3.6302 per dollar ahead of the Bank of Israel's verdict on monetary policy.
Head of Economic Warfare Udi Levy claimed that PM Netanyahu failed to act on intelligence which could have prevented the October 7th attack and limited Hamas's capabilities.
The first signs of his downgrade came before October 7. The legal reform surprised many leaders of the free world.
OpenAI CEO Sam Altman has also been reportedly in talks to raise funds for a chip venture as he looks to boost the world's chip building capacity to drive new AI-related tools.
Our policymakers would be well advised to study the risk analysis and assessment in Moody’s report closely and to take all possible steps to mitigate the risks.
Indirect impacts could arise through decisions of the government and the Knesset on economic policy issues
Prof. Yaron Zelekha explains why rating agencies are losing confidence in Israel's economic policies.
Committee members, mostly from the opposition, voiced concerns over the budget, especially in the wake of the credit rating agency Moody's decision on Friday to lower Israel's rating.
Israel’s politicians need to address the issue head-on, otherwise, they will be remembered as the coalition members that led to the downfall of Israel’s economy.
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