A Chinese consortium has agreed to purchase the Israeli social media games company Playtika for $4.4 billion in cash. The consortium is buying the company from Caesars Interactive Entertainment, which acquired Playtika in 2011, for about $170 million. Caesars reportedly is selling the unit to pay down debt. The deal is one of the largest…
One of the most popular and enduring shops in the Bronx’s Little Italy is a third-generation family business run by a Jewish immigrant family — not from Italy, but from Austria. Teitel Brothers Imports, opened in 1915, does not sell kosher goods, but rather all kinds of Italian items from salami and balsamic vinegar to…
Relations between the United States and Israel embody significant history and shared values. And, as we all know, sometimes those relations consist of disagreements and obstacles. Especially now, when we see neighboring countries collapsing and thousands of people risking their lives in search of a better future, we should remind ourselves that the ability to…
Twenty four percent of Jewish-Israeli consumers are boycotting Arab businesses in the wake of the summer’s Gaza conflict, according to an Israeli business daily. The 24 percent is down from the 29 percent who said t hey were boycotting Arab-owned businesses during the 50-day-long Operation Protective Edge, and down significantly from the 47 percent who…
The latest coalition of Israelis and Palestinians hoping to affect the settlement of the conflict is not your usual bunch of peace activists. They are wealthy businesspeople who work in a broad range of sectors, from construction to high-tech. They don’t need to struggle to be heard in the halls of power — they already…
The British government is warning the business community to steer clear of Jewish settlements in the West Bank. New recommendations noting there are “clear risks” and the United Kingdom does “not offer support to such activity” were published last week on the U.K. Trade and Investment website in the section titled Overseas Business Risk–Israel. The…
Lazer Chaim Zinger washes talleisim. His small storefront on Lee Avenue, in the Williamsburg section of Brooklyn, looks like any dry cleaner, with a row of tagged plastic-sheathed garments hanging behind the counter. In this Hasidic Jewish neighborhood, however, you have to take your long black coat somewhere else. For $100, Zinger will hand-wash your…
Some of the country’s top businessmen met with Prime Minister Benjamin Netanyahu last month to express concern that the stalled peace process with the Palestinians would ultimately harm and even endanger the Israeli economy. The businessmen told Netanyahu they are worried by the signals they are getting from the international business community. “We come from…
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