Newsletter: Coronavirus in Israel
The week’s corona pandemic updates
Israel buckles down as corona cases reach 100. Prime Minister Netanyahu pledged another $1.65 billion to bolster the economy and the healthcare system as more and more people enter quarantine or get laid off. Read more
Israeli tourism is in free dive. With 1,368 employees laid off, 10,000 possible terminations, and 14,000 employees on enforced vacation, the Israeli tourism industry is looking at losses of NIS 12 billion by the end of the year. Read more
Coronavirus. Photo: EPA Interview | Don’t panic, the sky won’t fall, says Mellanox CEO. Eyal Waldman, CEO of Israeli chipmaker Mellanox, has spent the last week at home in coronavirus quarantine. Read more
It is not 2008 all over again, Israeli regulators assure. Israel’s leading financial regulators all issued calming messages Monday after TASE’s indices closed down two days in a row. Read more
As Israel’s airlines are grounded, so is its export. Most of Israel’s imported goods comes by sea, meaning food shortages are not expected, but 60% of the country’s export is sent via passenger flights—now grounded due to coronavirus. Read more
Coronavirus: five reasons for optimism. Covid-19 has already spread to 115 countries and territories around the world, but not everything is bleak. Compared to the 2008 crisis, the financial system is more stable; compared to SARS, medical technology is more advanced. Read more
The coronavirus has put Airbnb apartments back on the rental market. In light of cancellations and the absence of new bookings on short term rental sites including Airbnb, many homeowners have turned to renting out their properties for longer periods. Read more
Expert | Coronavirus and force majeure: how are your contracts being affected? As Covid-19 spreads globally, problems with the manufacturing and supply chain have resulted in difficulties for businesses in fulfilling their contractual obligations. Read more
List | Quarantined? These 6 startups will help you keep up with your studies from home. With the rapid global spread of coronavirus, making the classroom feel more like a petri dish, these Israel-linked startups offer solutions for remote learning. Read more
Corona-fueled shopping frenzy spells major boost for Israel’s supermarket chains. Israelis flocking to the supermarkets led to photos of empty shelves over the weekend, but shortages are expected only for Passover-related products, according to one industry executive. Read more
