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[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir CohenSummarySummary Companies Adani scripts comeback by completing share saleKey $2.5 billion share sale fully subscribed-dataShort-seller's report led to fall in Adani sharesMUMBAI, Jan 31 (Reuters) - Gautam Adani's crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in the Indian billionaire's stocks sparked by a short-seller's report. Support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. So, what happens to one particular corporate group, is a matter between the market and the corporate group." Hindenburg said in its report it had shorted U.S.-bonds and non-India traded derivatives of the Adani Group.

☆ Teva says opioids settlement to move forward in U.S
▼ + stars: | 2023-01-09 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

The logo of Teva Pharmaceutical Industries is seen in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen(Reuters) -Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward with its nationwide settlement agreement to resolve opioid-related claims and litigation. Teva said on Monday it has either already settled with or confirmed participation from 48 of the 50 states and will continue to pursue participation by the states that are yet to join. The litigation over opioids, which began in 2017, has yielded more than $40 billion in settlements from drugmakers, distributors and pharmacy chains. More than 932,000 people have died since 1999 from a drug overdose, according to Federal data.

☆ Israeli startup makes inroads with personal flying vehicle
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

[1/5] An employee of Israeli startup AIR, sits in a prototype of AIR ONE, an electric vehicle designed to fly commuters on short trips far above streets overcrowded with cars in Beersheba, Israel December 18, 2022. The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. But this one, being developed by Israeli startup AIR, will be able to carry two people - an operator and passenger - as far as 100 miles on a single charge, the company says. Average day-to-day speed will be about 100 mph (160 kph) at an altitude of 1,200 feet (366 m), Plaut said. Reporting by Amir Cohen, Eli Berlizon, Hannah Confino and Ilan Rosenberg; Editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Israeli finance panel chief suggests law to shield mortgages from rate hikes
▼ + stars: | 2022-11-28 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

REUTERS/Amir Cohen/File PhotoJERUSALEM, Nov 28 (Reuters) - The head of the Israeli parliament's powerful finance committee on Monday criticized a wave of central bank interest hikes and said he would propose legislation to minimise their impact on mortgage holders. In a bid to fight rising inflation, the Bank of Israel last week raised its benchmark interest rate (ILINR=ECI) by a half-point to an 11-year high of 3.25%. It was the sixth increase in an aggressive monetary tightening cycle that has taken the rate from 0.1% in April. Gafni said his committee, which controls the government's purse strings, would not interfere in monetary policy decisions by Israel's independent central bank. Speaking to the committee, Bank of Israel Governor Amir Yaron defended the rate hikes, pointing to an inflation rate of 5.1%.

☆ With balloons and contact cards, first Israel-Qatar flight heads to World Cup
▼ + stars: | 2022-11-20 | by ( Amir Cohen | ) www.reuters.com time to read: +3 min

[1/4] Football fans queue before boarding the first direct commercial flight between Israel and Qatar for the upcoming 2022 FIFA World Cup Qatar, at Ben Gurion International Airport, near Tel Aviv, Israel November 20, 2022. "There were a few concerns, I cannot deny that," said Sagi Ashkevitz, who was flying out with three friends to his second World Cup. Those boarding the TUS Airways plane at Ben Gurion Airport had originally been told they would have a brief stopover in Cyprus. Six more Tel Aviv-Doha flights for the World Cup have been approved so far, Mizrahi said. Riad Ziadna, a member of Israel's Arab minority who held a soccer ball as he stood in the check-in line, said he believed the World Cup would be "the starter's pistol for coexistence all over the Middle East".

[1/5] A man handles an ear of wheat in a greenhouse at the Israel Plant Gene Bank at the Volcani Institute in Rishon LeZion, Israel November 3, 2022. REUTERS/Amir CohenRishon Lezion, Israel, Nov 10 (Reuters) - Could the key to securing the world's food supply for the future be hidden in the DNA of crops from the distant past? Tens of thousands of types of seeds are stored in the gene bank. "This is where agriculture started about 10,000 years ago," said Einav Mayzlish-Gati, director of the gene bank. For daily comprehensive coverage on COP27 and climate change in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

☆ Scientists reconstruct epic biblical battles in groundbreaking new study
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Using readings of ancient geomagnetic fields which have been preserved over time in mud bricks from sites destroyed by fire and in two collections of ceramic objects, scientists from the Hebrew University and Tel Aviv University have dated these remnants more accurately. The method has been used in the past but never to this extent. [1/5] An aerial view shows visitors at Tel Lachish archaeological site in southern Israel, October 25, 2022. The study's findings indicate, for example, that the army of Hazael, King of Aram-Damascus first mentioned in the Book of Kings, was responsible for the destruction of several cities including Tel Rehov, Tel Zayit and Horvat Tevet. Reporting by Emily Rose Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Amir CohenTEL AVIV/ZURICH, Oct 13 (Reuters) - Israel's Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its "New Meat" steak cuts produced on 3D printers, it said on Thursday. Early hype about plant-based meat alternatives, seen as better for animals and the environment, has ebbed as inflation and recession worries make some consumers return to cheaper animal meat products, while staffing shortages have hit fast-food chains, an important sales channel for plant-based burger patties. Redefine Meat, which makes its products from ingredients including soy and pea proteins, chickpeas, beetroot, nutritional yeasts and coconut fat, has ambitious plans. Ben-Shitrit said Redefine Meat was launching tenderloin and striploin steaks and their adoption by chefs in expensive restaurants proved their quality. Its New Meat is currently available in Israel, Britain, the Netherlands and Germany in almost 1,000 restaurants that are currently paying about $40 per kilo for Redefine Meat's steak cuts, Ben-Shitrit said.

☆ Israel considers shutting copper networks in shift to fibre optics
▼ + stars: | 2022-09-20 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

REUTERS/Amir CoheNJERUSALEM, Sept 20 (Reuters) - Israel is considering closing old copper networks and transferring all communications services to newer fibre optics infrastructure, communications minister Yoaz Hendel said on Tuesday. His ministry is already looking at shutting down copper networks and wants telecom providers and the public to weigh in and give their opinions by Nov. 24, he said in a statement. And they pollute and have poor performance," he said in a statement, noting the global trend to moving to fibre networks. Traditional copper networks consume a lot of energy and have high maintenance costs with low bandwidth, he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steven Scheer; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Teva expects to start paying U.S. opioid settlement in 2023
▼ + stars: | 2022-09-19 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

The CEO of Teva Pharmaceutical Industries Kare Schultz speaks during a news conference to discuss the company's 2019 outlooks in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen/File PhotoTEL AVIV, Sept 18 (Reuters) - Teva Pharmaceutical Industries (TEVA.TA) expects to finalise an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. "So, by the end of the year, you should have this clarification that it all comes together and we will start paying next year." Questioning the low share price, Schultz noted that Teva has a price-earnings ratio of about 3.5, whereas a normal rate should be 10. He suggested that the low share price largely stemmed from high debt, which has come down to $20 billion from $34 billion, and the opioid litigation.

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