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  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its cargo during preparations for a routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place a satellite in orbit. SpaceX said there were no injuries and that an "anomaly" during the static fire test...

  • CAPE CANAVERAL, Fla., Sept 1- An explosion destroyed a Falcon 9 rocket belonging to Elon Musk's SpaceX and its satellite cargo during routine test firing at Cape Canaveral in Florida on Thursday, two days before it had been due to blast off and place the satellite in orbit. The large blast shook the launch pad leased by SpaceX at Cape Canaveral Air Force Station just...

  • JERUSALEM, Aug 28- Israeli technology company Shellanoo is planning to raise at least 100 million shekels in an initial public offering on the Tel Aviv Stock Exchange in late September or October, it said on Sunday. Shellanoo, founded in 2014 and whose backers include Russian billionaire Roman Abramovich and popstars will.i.am and Nicki Minaj, focuses on...

  • *Q2 net profit 1.12 bln shekels vs 843 mln forecast. JERUSALEM, Aug 11- Bank Hapoalim, Israel's largest lender, reported higher quarterly profit thanks in part to one-off gains but a U.S. tax evasion investigation is clouding the bank's prospects. Hapoalim, which has denied the allegations, has handed over most of the information that was requested by the U.S....

  • Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    Vietnam has fortified its islands in the South China Sea with new rocket launchers capable of striking China's runways in the vital trade route.

  • Israeli Startups

    Izmus's Rabea Bader explains how the platform finds and connects feasible and relevant startups to Southeast Asia through Singapore.

  • LONDON, Aug 5- Turkey imposed a tax this week on imports of thermal coal from Colombia, Russia and other major exporters, for use in power generation, to support domestic coal production. The Turkish cabinet decided to impose the tax of $15/ tonne on imports from the United States, Colombia, Russia and South Africa on July 18 and announced it in the Official Gazette...

  • MODI'IN, Israel, Aug 2- Bezeq Israel Telecom is investing millions of dollars to help develop cities where internet technology controls street lights and trash collection and monitors parking and air pollution, as it seeks to be more than a telecoms firm. Bezeq, Israel's largest telecoms group, said on Tuesday it has started a pilot programme in Modi'in, a growing...

  • The patriot missile is manufactured at Raytheon's Integrated Air Defense Center in Andover.

    The West’s dominance in providing military hardware around the world is set to erode, according to analysts in the sector.

  • NEW YORK/ TEL AVIV, July 13- Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close "at any time," even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. The deal closing is contingent on clearance from the...

  • July 13- Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close "any time," even as the companies extended the deadline for completing the transaction to October to allow more time for U.S. antitrust approval. Teva shares rose 2.7 percent to $53.86 in New York trading, and Allergan...

  • July 13- Allergan Plc, which is planning to sell its generics business to Teva Pharmaceutical Industries Ltd, said on Wednesday that it was extending the deadline for closing the $40 billion deal to October as it waits for U.S. antitrust approval. Teva Chief Executive Officer Erez Vigodman said he expected antitrust approval and to close the deal "at any time now."

  • MUMBAI/ TEL AVIV, July 11- Israel Chemicals will ship potash to India at the same decade-low price agreed by another big seller last month, two industry sources said, at a time when global supply of the crop nutrient is exceeding demand. In late June, Belarus agreed to supply 700,000 tonnes of potash at the same rate to India, one of the world's top buyers of the material.

  • MUMBAI, July 11- Israel Chemicals will ship potash to India at the same decade-low price agreed by another seller last month, two sources said, as global supply of the crop nutrient exceeds demand. In the last week of June, Belarus agreed to supply 700,000 tonnes of potash at the same rate to India, one of the world's top buyers of the material. Uralkali, the world's...

  • JERUSALEM, July 4- Nochi Dankner, once one of Israel's most powerful tycoons who lost his business empire in the global economic downturn, faces up to five years in jail after a Tel Aviv court found him guilty on Monday of manipulating share prices. But in February 2012, after things had turned sour for his business empire, Dankner propped up the price of shares in his...

  • JERUSALEM, June 29- Israeli Finance Minister Moshe Kahlon will submit a bill to change the structure of the Tel Aviv Stock Exchange to a for-profit entity to cabinet ministers on Sunday, he said on Wednesday. TASE's members approved a demutualisation plan last year for Israel's bourse, which is struggling with falling trading volumes and a declining number of...

  • BRUSSELS, June 28- World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday. The other 13 firms are No. 3 player CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's...

  • TEL AVIV, June 27- The Israel Securities Authority recommended on Monday the government offer tax breaks to stock exchange investors in an effort to boost sluggish trade volumes on the Tel Aviv bourse. ISA Chairman Shmuel Hauser, at an annual briefing with reporters, said a monthly exemption of about 5,000 shekels would help attract investors away from...

  • TEL AVIV, June 20- Seeking to shore up the cybersecurity services it provides to customers, Accenture Plc has acquired an Israeli company and is establishing a research and development center in the country. Accenture, a professional services firm whose competitors include IBM and India's Infosys, did not disclose financial details of its acquisition of Tel...

  • It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza, killing 10 Turkish activists. That last item is a key driver of efforts to forge a rapprochement between Israel and Turkey: At stake are reserves of natural gas worth hundreds of billions of...