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  • UPDATE 1-Amazon to buy Israeli start-up Annapurna Labs Thursday, 22 Jan 2015 | 2:47 PM ET

    SAN FRANCISCO/ JERUSALEM, Jan 22- U.S. tech giant Amazon confirmed on Thursday that it has agreed to buy Israeli chipmaker Annapurna Labs for its cloud computing unit, Amazon Web Services. Annapurna Labs is owned by businessman Avigdor Willenz with other investors including British chip designer ARM and venture capital firm Walden International, the...

  • Israeli man under house arrest for leaked Madonna songs Thursday, 22 Jan 2015 | 11:08 AM ET

    JERUSALEM— An aspiring singer who auditioned for Israel's top TV song competition was placed under house arrest Thursday on suspicion of hacking into international pop star Madonna's computer and stealing and selling unreleased songs, his lawyer said. Police said Israel's cybercrime unit arrested 38- year-old Adi Lederman on Wednesday after an...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • JERUSALEM, Jan 21- Israel's central bank said on Wednesday the main risk to the stability of the country's financial system was the exposure of banks and households to a potential slump in house prices, which have nearly doubled since 2007.. The central bank said the financial system was also exposed to the underpricing of risks in the corporate bond market...

  • NEW YORK— Authorities say a passenger jet at John F. Kennedy Airport was given the all clear following a bomb threat. Port Authority spokesman Joe Pentangelo says Delta Air Lines Flight 468 from San Francisco to New York with 171 passengers landed at JFK Airport just after 7:40 p.m. Monday. Delta spokeswoman Lindsay McDuff said another airline received the...

  • The civil case in Manhattan and another in Brooklyn have emerged as the most notable attempts by American victims of Palestinian-Israeli conflict to use U.S. federal courts to seek damages that could reach into the billions of dollars. The lawsuits against the Palestine Liberation Organization and the Palestinian Authority and the other against the...

  • *Israel leads OECD in R&D spending at 4.3 pct of GDP. TEL AVIV, Jan 19- Israeli entrepreneur Avi Brenmiller says he was coaxed by investors into selling Solel, his solar-thermal power firm, to Germany's Siemens for $418 million in 2009. Today, little is left of it after Siemens pulled out of the business. Israel's high tech industry is a major growth engine and...

  • JERUSALEM— The leaders of Israel and Japan have called for greater bilateral economic cooperation during a meeting in Jerusalem. Japan is a country of innovation, Israel is a country of innovation... together we can do a lot more. " "Japan and Israel are both countries that don't have much of the natural resources but what we have is human resources," Abe said, adding that...

  • JERUSALEM— A small Jewish ultra-Orthodox newspaper in Israel is making waves internationally for removing German Chancellor Angela Merkel from a photo of this week's Paris march out of modesty. World leaders had linked arms to march in Paris against terrorism after Islamic extremists killed 17 people. Merkel stood in the front row between French President...

  • JERUSALEM, Jan 13- Israel's budget deficit ran at 2.8 percent of gross domestc product last year, the Finance Ministry said on Tuesday, in line with initial projections despite the cost of the Gaza war. Israel's spending priorities changed as a result of the 50- day summer war with Palestinian militants in Gaza. Israel's cabinet had approved a deficit target of...

  • TEL AVIV, Jan 7- 83 North has raised a $200 million fund to invest in consumer and enterprise technology companies led by European and Israeli entrepreneurs, the venture capital firm said on Tuesday. In the first two funds, it backed more than 30 companies including Germany's Hybris Software, which was acquired by SAP in 2013; ScaleIO, which was bought by EMC Corp; and...

  • JERUSALEM, Dec 29- Israel's central bank raised its growth estimate for next year on Monday, saying the recovery from the Gaza war should accelerate, and its economists indicated interest rates could stay on hold until an increase in early 2016.. At its monthly policy meeting the Bank of Israel kept its benchmark interest rate at 0.25 percent for a fourth...

  • JERUSALEM, Dec 29- Israel's central bank raised its economic growth estimate for next year on Monday and indicated interest rates would stay on hold until an increase in early 2016.. At its monthly policy meeting the Bank of Israel kept its benchmark interest rate at 0.25 percent for a fourth straight month, as expected, saying it expected the economy's recovery...

  • China challenges India's polished diamond throne Thursday, 25 Dec 2014 | 7:18 PM ET

    *India seeks help from Russia to defend market share. NEW DELHI, Dec 26- India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in...

  • *Delek and Noble hold 85 pct of Leviathan. JERUSALEM, Dec 23- Israel's competition regulator recommended on Tuesday breaking up what it says is a monopoly control of the country's offshore gas reserves by Noble Energy and Delek Group, who together hold 85 percent of the giant Leviathan field. Following heavy political pressure, Commissioner David Gilo has...

  • JERUSALEM, Dec 22- Israel's antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel's largest natural gas field by branding them a cartel. The authority summoned representatives of Israel's Delek Group and Texas- based Noble Energy and told them it was "still considering to announce that buying...

  • Egypt receives 10 Apache helicopters from U.S. - sources Saturday, 20 Dec 2014 | 12:39 PM ET

    CAIRO, Dec 20- Egypt received 10 Apache helicopters from the United States in the past week, security sources said on Saturday, a sign of easing tensions between the long-time allies confronting Islamist extremism across the region. Egypt is fighting an Islamist insurgency targeting mostly security personnel and based mainly in the lawless Sinai Peninsula...

  • TEL AVIV, Dec 15- Israel is proud to call itself a "Start-up Nation", with more tech firms listed on Nasdaq than any other country outside the United States and China. She has brought her company to the brink of commercial success-- pre-clinical safety studies and plans for regulatory approval are underway-- thanks to investment from the office of Israel's chief...

  • CNBC's Hadley Gamble discusses Israeli and Cypriot proposals to build a gas pipeline from the Levant Basin through to Cyprus and Greece. Could it change the dynamics of the EU's energy market?

  • Nov 26- Bank Leumi Le Israel BM is close to a $400 million settlement with U.S. authorities following a probe into whether it helped Americans evade taxes, Bloomberg News reported, citing a person with knowledge of the matter. Israel's second-largest lender would pay about $270 million to the Justice Department and $130 million to New York's Department of...