coronavirus pandemic

Dented by COVID-19, Israeli economy dips 2.4pc in 2020
World

Dented by COVID-19, Israeli economy dips 2.4pc in 2020

  • It was the first time the economy had shrunk since a marginal decline in 2002, but Israel in 2020 outperformed a 5.5% average contraction in OECD countries.
  • The economy, which grew 3.4% in 2019, had been expected to shrink 3.3% to 3.7% in 2020 based on government and central bank estimates because of COVID-19.
Published 16 Feb, 2021 05:16pm
Israeli cybersecurity group CYE raises $100mn from EQT, 83North
Business & Finance

Israeli cybersecurity group CYE raises $100mn from EQT, 83North

  • Cybersecurity has become a focus for businesses as the coronavirus pandemic has pushed employees to work from home, increasing the risk of hacking incidents.
  • CYE supported more than 15 different organisations impacted by the SolarWinds situation in the United States and helped them to recover from the incident.
Published 10 Feb, 2021 07:58pm
Exxon to close Australian refinery
Markets

Exxon to close Australian refinery

  • Taylor said the closure of Exxon's refinery would not negatively impact Australian fuel stockholdings. The Altona plant employs around 300 people.
Published 10 Feb, 2021 12:49pm