Israel News

At Least 2 Bidders Interested in IDB Unit, Tel-Aviv-Based Clal Insurance

Eduardo Elsztain, the Argentine real estate developer who controls Israeli conglomerate IDB Development Corp., said he has at least two bidders for the company’s insurance unit, Clal Insurance Enterprises Holdings Ltd. Elsztain is fighting a sale of the company in …

Israel Emerges as Leader in Developing Cyber Defenses for Cars

Building on its expertise in technology, Israel is emerging as a leader in the race to keep cars secure and prevent the nightmare scenario of a hacker commandeering your vehicle. Most cars today are equipped with some level of connectivity …

China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek

Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding company announced on Sunday it would sell its entire 52 …

Israel’s Illusive Networks Aims to Foil Hackers by Directing Them to Fake Data

Israeli start-up Illusive Networks says it can foil cyber hackers by lulling them into thinking they have found a way to steal data, which is actually fake. The company, set up last year, says algorithms in its software are able …

Catastrophes Top 2010 List of Major Global Insurance Events

Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a calamitous oil spill that blighted the …

Huge Forest Fire Kills 40 in Israel

A huge forest fire killed about 40 people in Israel on Thursday, including young prison guard cadets trapped in a bus while heading to help inmates flee the flames, officials said. More than 12,000 people were evacuated from towns and …

Ireland, EU Conclude $113 Billion Bailout

Negotiators for the Irish government and the European Union put the finishing touches on an €85 billion [$113 billion] bailout for the beleaguered country over the weekend. The agreement follows Ireland’s somewhat reluctant acceptance that the situation with its banks …

World War I Remembered; Could it Have Been Different?

Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War I. The consequences have been unfolding ever …

Havana Takes a Hit as Tropical Storm Paula Passes

Tropical Storm Paula weakened further Thursday, but still packed enough punch to blast through the Cuban capital with driving rains and high winds that toppled trees, flooded streets and left large swaths of the city without power. There were no …

Suit Settled over Shock Therapy at Massachusetts School

The family of a former Massachusetts student who received electric shocks at a special needs school has agreed to receive $65,000 to settle a lawsuit claiming the treatment was inhumane and violated the student’s civil rights. The privately operated Judge …