CTech's Tuesday Roundup of Israeli Tech News
El Al faces backlash for attempts to accommodate ultra-orthodox passengers refusing to sit next to women. Goldman Sachs sees 16% upside in Teva stock.
17:4926.06.18
El Al faces backlash for attempts to accommodate ultra-orthodox passengers refusing to sit next to women. In 2017, an Israeli court ruled that the practice of requesting women to change seats due to the refusal of male passengers to sit next to them is illegal. On Thursday, women on an El Al flight were reseated following demands made by of ultra-orthodox male passengers. In response, the CEO of Nasdaq-listed software company Nice stated his company will boycott El Al until its policy is changed. Read more
A Teva factory in the coastal Israeli town of Netanya. Photo: EPA
A Teva factory in the coastal Israeli town of Netanya. Photo: EPA Goldman Sachs sees 16% upside in Teva stock. Following a meeting with Teva’s management, the bank's analysts reiterated their "buy" recommendation with a higher target price. Read more
To sleep or not to sleep (at your desk)—that is the question in China. Companies working out of China should adapt to the local work culture instead of trying to impose a foreign one, writes Israeli-born entrepreneur Ami Dror. Read more
Tel Aviv tech hub may be small, but It leads with large exits, report says. A new report by research firm CB Insights says that among the world’s six heavyweight tech hubs, Tel Aviv has the lowest number, highest quality of deals. Read more
News Briefs
Ofo cancels bike-sharing pilot at Israeli research university, report says. Read more
Facebook M&A exec visits Israel. Read more
Korean Desserts Are Coming to Tel Aviv. Read more
Telit shareholders vote against re-election of chairman and two directors. Read more
Royal Bank of Canada invests $2 million in Israeli academic cybersecurity research. Read more
Samsung’s Galaxy S10 to feature technology by Israeli facial recognition startup, Report Says. Read more
