AuthorOliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Environmental concerns caused Israel to suspend UAE oil pipeline deal

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Head of marine protection unit accuses Israeli state-owned company of ‘ignoring ministry instructions,’ ‘negligence,’ and ‘impertinence’ in downplaying risks. Israel’s Environmental Protection Ministry said Sunday that it was delaying implementation of a proposed oil transport deal with the United Arab Emirates, freezing a project that has angered environmentalists. The agreement, which followed...

Nachman Ash: the decision on booster vaccines should be left to professional

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Nachman Ash says ministry has direct relationship with pharma companies, and booster decision should be left to experts; serious cases rise as cabinet set to meet on restrictions. The director-general of the Health Ministry said on Thursday that former prime minister Benjamin Netanyahu’s help was not required after the opposition leader spoke with the heads of Pfizer and Moderna about booster...

Pegasus is undeniably behind the attack on press — Amnesty

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NSO said ‘list has nothing to do with us’ and report claimed Amnesty backtracked findings, but official statement says otherwise: ‘Data is irrefutably linked to potential targets of NSO’s Pegasus spyware’. “The list of 50,000 phone numbers has nothing to do with us,” the founder and CEO of the cyberespionage firm NSO Group told an Israeli financial daily on Wednesday. The comments by NSO’s...

Israeli exports is expected to reach the record $120B in the this year

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Israel’s total exports of goods and services in 2020 reached $114 billion, a decline of just 1.5% compared to 2019 despite the coronavirus crisis , according to a report published on Monday by the Economy and Industry Ministry’s Foreign Trade Administration. In 2021, exports are expected to top $120b., an all-time record, the ministry said. “The clear conclusion is that exports are returning to...

Harassment, Abuse and Humiliation: Israeli PBC is in hot bath after Haaretz findings

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Current and former employees at Kan tell Haaretz that they face a hostile work environment, including retribution for complaining. Employees at the Israel Public Broadcasting Corporation Kan regularly face abuse, humiliation and insults by managers, and incidents of sexual harassment have gone unpunished, according to dozens of testimonies collected by Haaretz. Matan Drori, the head of Kan...

Finance Minister Avigdor Liberman to bring budget to cabinet in August, seeks hike in home property tax

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Finance minister says he hopes for 5% annual economic growth in next 4 years, budget deficit target of 7.1% of GDP for 2021 is reachable. Finance Minister Avigdor Liberman on Tuesday said that he will present the 2021-2022 state budget for a cabinet vote in the first week of August, with the aim of having the Knesset pass it by the November deadline. Liberman said he believes the budget will pass...

Apple has to pay $ 308.5 million to patent troll

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Technology company Apple has to pay $ 308.5 million (nearly € 260 million) to license company Personalised Media Communications LLC (PMC) for violating a patent related to digital rights management. That’s what a jury in the U.S. State of Texas decided. PMC had already sued Apple in 2015. Apple allegedly violated seven other patents of PMC with music service iTunes. Apple had initially...

The shortage of automotive controller chip goes global

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The chip shortages faced by automakers worldwide are now also reflected in sales figures. In Japan, sales of cars, trucks and buses fell for the first time in four months. According to the Japan Automobile Dealers Association, annual sales fell 2.2 percent in February. Due to chip shortages, automakers like Honda and Nissan are forced to temporarily shut down production lines. This puts an...

Myanmar state media banned by Facebook

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Facebook has removed Myanmar state broadcaster MRTV pages. State television warned residents that demonstrating against the coup might “cost lives”. According to the company, the statement violates Facebook’s policy against violence and sedition. On 1 February, the army seized power in the Southeast Asian country because the elections were allegedly rigged. However, there is no...

SpaceX internet to double it’s speed this year, Elon Musk promises

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Elon Musk says on Twitter that Starlink’s internet speed is doubling to 300 Mbit per second this year. Starlink is a project of space company SpaceX that provides broadband internet via satellites from space. At the moment, Starlink is still in a test phase. Only interested Americans and Canadians can order a beta kit at this stage. For 99 dollars (82 euros) per month, a speed of between 50...

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