Bus optimization co Optibus raises $40m from Alibaba,…

Israeli public transport optimization startup Optibus has raised $40 million in a series B financing round led by Insight Venture Partners and with the participation of Chinese e-commerce giant Alibaba Group, the "Financial Times" reports.…

Ramilee fashion chain closing down

This is the seventh Israel fashion chain to go out of business over the past year. There is yet another fashion chain has fallen victim to the financial hardships afflicting the sector. Sources inform "Globes"…

Water rates to rise in Israel 4.5%

Water prices in Israel will jump 4.5% on January 1, 2019, sources inform "Globes." The increase is greater than the 3.25% increase mentioned in the Israel Water Authority's previous announcement six weeks ago. RELATED ARTICLES…

Navitas jumps on positive Shenandoah report

The participation units of Navitas Petroleum (TASE: NVPT) are up 15% today on a heavy turnover in trading on the stock exchange. The company, which held an investors conference today, published a revised resources report…

Orcam launches wearable camera in Kickstarter campaign

Israeli startup Orcam headed by Mobileye founders CEO Ziv Aviram and CTO Prof. Amnon Shashua, has launched a new wearable camera based on artificial intelligence (AI), that resembles Google Glass, Google's augmented reality eyeglasses. The…

Israel Aerospace aiming to raise NIS 3b in…

The leadership of Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) shed not a tear when former Minister of Defense Avigdor Liberman announced his resignation a month ago. A few weeks earlier, Liberman had ordered the…

Microsoft unveils new Surface devices

But Tuesday is all about Microsoft, which unveiled a slew of devices ahead of the holiday shopping season. Its lineup includes a new version of its desktop computer, called the Surface Studio 2, and its…

The internet industry is suing California over its…

The internet industry is suing the state of California over its days-old net neutrality law. The lawsuit, filed on Wednesday by major trade groups representing broadband companies, is the second major lawsuit filed against the…