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]

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...

Keeping employees for the sake of state aid: KLM is the largest recipient of COVID-19 stimulus payments

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The KLM airline received the most wage support from October to december. If you include all KLM subsidiaries registered with the Chamber of Commerce and airline Transavia, you come to a total of more than 234 million euros. This is clear from the register published by the UWV, which implements this measure. All the companies receiving aid are listed there, with the amount of aid. KLM was also the...

Shell fails to meet its own green investment targets

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Shell has not met its own targets for investments in renewable energy in the past five years. The oil and Gas Group invested $ 3.2 billion in the new Energies business during that period. As a result, the company has remained below the level of the least ambitious scenario. New Energies was founded in 2016 and should provide a future after oil and gas. In the first year, a budget of 200 million...

Brexit talks may go beyond the deadline

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The negotiations between the United Kingdom and the European Union on a trade agreement can go beyond this weekend, ” said the French secretary of state for European Affairs. “It is necessary to take the time and not sacrifice our interests under the pressure of a calendar.” The European Parliament had called for an agreement to be reached by Sunday, so that Parliament still has...

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