Economy


Gov’t to Import More American Grape Juice

The Agriculture Ministry has recommended that the government allow more American grape juice into the country. Currently, Israeli importers can bring 100,000 liters of grape juice into the country. The…

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U.S. Consumer Confidence Rises to 18-Year High

Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded. The…

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Iranian Parliament Removes Finance Minister From Office

Iran’s parliament voted Sunday to fire the country’s finance minister amid an economic freefall fanned by America’s withdrawal from the nuclear deal with world powers, dealing another blow to President…

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Second Quarter Growth Slows, Numbers Show

After a 4.8-percent growth rate recorded in the first quarter, the Israeli economy expanded just 2 percent in the second quarter, the Central Bureau of Statistics (CBS) announced. Much of that…

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Homebuilding Slowing; Labor Market Strong

U.S. homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop…

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Erdogan Vows U.S. Boycott, But Diplomats Resume Talks

Turkey’s president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott U.S.-made electronic goods. Behind…

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Job Growth Slows in July, Unemployment Rate Drops

Job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that labor market conditions continued…

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U.S. Services Firms Saw Growth Slowdown in July

U.S. services companies grew at a slower pace in July as business activity and new orders slipped. The Institute for Supply Management said Friday that its services index fell to…

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