Israel News 07/10/2008

US President George W. Bush signed the $700 billion bailout bill on Friday shortly after it was approved by the Congress, paving the way for what many hope will be the first step of a recovery plan that will prevent the US stock market from plummeting further. Bush appeared outside the White House shortly after the House of Representatives passed the bill 263 to 171. 10/04/08

After a two day break for to the Rosh Hashanah Holidays, The Tel Aviv Stock Exchange opened to sharp losses on Thursday morning, after world markets significantly dropped in response to the initial rejection of the US bailout plan by the House of Representatives. 10/02/08

In the wake of the catastrophic collapse of the Lehman Brothers financial firm, the Tel Aviv Stock Exchange experienced a sharp downturn sending waves of fear through Israel that the country may be in line for an American style meltdown. Infolive.tv took to the streets of Jerusalem to speak with the Israeli public about their views on the potential economic crisis. 09/17/08

Trade at the Tel Aviv Stock exhcnage opened with sharp drops Tuesday a day after the collapse of the Lehman Brothers Investment Bank, which was termed the largest bankruptcy in history. US presidential candidates focused their appearanced on the faltering American economy with the Wall Street financialcrisis becoming a verbal part of their campaign trail.09/16/08

Infolive.tv recently sat down with the CEO of Netvision, Richard Hunter, to discuss the current and future implications of the influential merger between 013 Barak and Netvision for both Israel and the world. 07/27/08

Visiting French President Nicolas Sarkozy was presented with the Renault Megane electric car, at King David Hotel on Tuesday and got to sit behind the driving wheel with Israeli President Shimon Peres at his side. The French automaker Renault has recently partnered with the Silicon Valley based Israeli start-up Project Better Place to supply electric-powered Renault Megane sedans to be sold in Israel starting in 2011. 06/24/08

On Sunday evening at the Israel Museum in Jerusalem, Israeli startup gurus gathered with French delegates from HEC the renowned school of business management, to reveal their secrets on the Israeli startup phenomenon. 06/03/08

Leading world financiers discuss fighting global inflation dynamics at a Jerusalem press conference.05/26/08

Microsoft CEO Steve Ballmer arrived in Israel on Wednesday, for a three-hour visit to inaugurate Microsoft's new research and development center in Herzliya. 05/22/08.

The world food crisis continues to hit Israel hard. The price of rice rose more than 50% during the past few weeks. The heart of the problem lies in a sharp increase in demand from countries like China and India. Their populations are exploding, and there are many mouths to feed. Since rice is grown abroad, any change in world demand hits countries like Israel - which don't grow rice - profoundly. 4/29/2008

Pessimism abounds in the financial institutions of Tel-Aviv. The term Black March is already taking hold as talks of a major economic crisis become more serious. 3/20/2008

Ahava's idea to sell Dead Sea mud came after tourists to the area kept asking to take boxes of it home. As the requests grew, Ahava grew from being a small business that sold boxed mud to an advanced company making cutting-edge products that defy aging. 2/27/2008

Diamonds take the center stage as diamantaires from around the world meet in Tel-Aviv, one of the world's largest diamond centers. Israeli diamond dealers sought to open new supplies to buy rough diamonds for polishing and export.2/14/8.

Israel on Monday signed with French Renault Nissan car makers to provide electric cars which will operate on a recharge grid. The initiative is the brainchild of entrepeneur Shai Agassi who raised $200 million to get the project off the ground. Attending the ceremony were Prime Minister Ehud Olmert, President Shimon Peres and the chief officers of the Renault Nissan company.01/22/08