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2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government
(JTA) — The Israeli founder of an international payroll company that provides services to Toyota and Microsoft has announced that she will move her company’s money out of Israel over concerns about its new right-wing government.
Eynat Guez, a co-founder and CEO of Papaya Global, which was valued at $3.7 billion in 2021, made the announcement Thursday on Twitter. Her announcement came the morning after Israeli Prime Minister Benjamin Netanyahu defended his government’s proposed judiciary reforms and after weeks of mounting warnings, from within Israel and abroad, that the reforms could harm Israel’s credit rating. Netanyahu dismissed those warnings on Wednesday as overblown.
“Following Prime Minister Netanyahu’s statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company’s funds from Israel,” Guez tweeted on Thursday morning. “In the emerging reform, there is no certainty that we can conduct international economic activity from Israel. This is a painful but necessary business step.”
Guez has emerged as a leader within Israel’s vaunted tech sector in protests against the new government, speaking at a rally of tech workers in Tel Aviv that took place last weekend amid protests around the country. The rallies are largely focused on the governing coalition’s judiciary proposals, including legislation that would allow the Knesset, Israel’s parliament, to overrule Supreme Court decisions.
In her speech, Guez said she had been encouraged to raise money for Papaya Global from the United States, a common step for Israeli firms, but had resisted because she wanted to live in Israel and raise her children there, the way her parents had after immigrating from their birthplaces in Morocco and Tunisia.
She also noted that $54 billion in capital from abroad had been invested in Israeli companies in the past three years. “Without a democracy, we’d never have these $54 billion,” she said. “And not the tens of thousands of employees who joined the high-tech sector in recent years.”
Guez said foreign investors had been calling with concern about whether Israel’s democracy was crumbling. “Just like in Brazil, Venezuela and Hungary, no leading investor or financial institute will let his billions stay in a country with a crumbling democracy,” she said. She added, “Let’s say this loud and clear: Startup Nation without a democracy cannot stand.”
A second, smaller Israeli tech company is also moving its bank accounts out of Israel, according to the Israeli tech publication Calcalist. The firm, Disruptive AI, raises money for artificial intelligence startups and manages $250 million in funds.
Guez did not further explain Papaya’s business decision on Thursday and how it would affect the company or its employees. The company, which says it manages more than $3 billion in payroll for companies in 160 countries, entered the ranks of Israel’s “unicorn” tech firms in early 2021, meaning that it was valued at over $1 billion. It raised $250 million against a valuation of $3.7 billion later that year.
Israel’s tech sector has been experiencing the same downturn as the global tech sector, in which sweeping layoffs have been taking place in recent weeks. Last year was the worst since 2014 for the number of Israeli companies being acquired or going public.
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UK Prosecutors Try to Reinstate Terrorism Charge Against Kneecap Rapper
Member of Kneecap Liam O’Hanna, also known as Liam Og O hAnnaidh and performing under the name of Mo Chara, speaks to supporters outside Woolwich Crown Court, after a UK court threw out his prosecution for a terrorism offense, in London, Britain, Sept. 26, 2025. Photo: REUTERS/Hannah McKay
British prosecutors sought to reinstate a terrorism charge against a member of Irish rap group Kneecap on Wednesday for displaying a flag of Iran-backed Lebanese terrorist group Hezbollah at a London gig, after a court threw out the case last year.
Liam Óg Ó hAnnaidh, whose stage name is Mo Chara, was accused of having waved the flag of the banned Islamist group Hezbollah during a November 2024 gig.
The charge was thrown out in September after a court ruled it had originally been brought without the permission of the Director of Public Prosecutions and the Attorney General, and also one day outside the six-month statutory limit.
But the Crown Prosecution Service said it would challenge the ruling and its lawyer Paul Jarvis told London’s High Court on Wednesday that permission was only required by the time Ó hAnnaidh first appeared in court, meaning the case can proceed.
Kneecap – known for their politically charged lyrics and anti-Israel activism – have said the case is an attempt to distract from what they described as British complicity in Israel’s so-called “genocide” in Gaza. Israel strongly denies committing a genocide in the coastal territory, where it launched a military campaign against Hamas after the Palestinian terrorist group invaded Israeli territory.
J.J. Ó Dochartaigh, who goes by DJ Próvaí, was in court but Ó hAnnaidh was not required to attend and was not present.
KNEECAP SAYS PROSECUTION A DISTRACTION
Ó hAnnaidh was charged in May with displaying the Hezbollah flag in such a way that aroused reasonable suspicion that he supported the banned group, after footage emerged of him holding the flag on stage while saying “Up Hamas, up Hezbollah.”
Kneecap have previously said the flag was thrown on stage during their performance and that they “do not, and have never, supported Hamas or Hezbollah.”
The group, who rap about Irish identity and support the republican cause of uniting Northern Ireland with the Republic of Ireland, have become increasingly vocal about the war in Gaza, particularly after Ó hAnnaidh was charged in May.
During their performance at June’s Glastonbury Festival in England, Ó hAnnaidh accused Israel of committing war crimes, after Kneecap displayed pro-Palestinian messages during their set at the Coachella Festival in California in April.
Kneecap have since been banned from Hungary and Canada, also canceling a tour of the United States due to a clash with Ó hAnnaidh’s court appearances.
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German-Israel Deal Strengthens Cyber Defense, German Minister Says
A German and Israeli flag fly, on the day Chancellor Friedrich Merz meets with Israeli President Isaac Herzog for talks, in Berlin, Germany, May 12, 2025. Photo: REUTERS/Liesa Johannssen
A new German-Israel agreement aims to counter cyber threats and enhance security infrastructure, German Interior Minister Alexander Dobrindt told parliament on Wednesday.
Dobrindt signed the agreement with Israeli Prime Minister Benjamin Netanyahu in Jerusalem over the weekend.
The collaboration includes the development of a joint “cyber dome” system, an artificial intelligence and cyber innovation center, drone defense cooperation, and improved civilian warning systems.
“We have already had a trusting partnership in the past, which we want to strengthen further,” Dobrindt said. “Israel has extensive experience in cyber defense. We want to benefit from that.”
The German Interior Ministry said on Monday the agreement would extend to protecting energy infrastructure and connected vehicle networks, in addition to enhancing collaboration in civil protection, counter-terrorism, and criminal prosecution.
European countries are facing increasing pressure to fortify their cyber defense systems against sophisticated attacks.
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France Explores Sending Eutelsat Terminals to Iran Amid Internet Blackout
French Minister for Europe and Foreign Affairs Jean-Noel Barrot attends the questions to the government session at the National Assembly in Paris, France, Jan. 13, 2026. Photo: REUTERS/Stephanie Lecocq
France is looking into sending Eutelsat satellite terminals to Iran to help citizens after Iranian authorities imposed a blackout of internet services in a bid to quell the country’s most violent domestic unrest in decades.
“We are exploring all options, and the one you have mentioned is among them,” French Foreign Minister Jean-Noel Barrot said on Wednesday in the lower house after a lawmaker asked whether France would send Eutelsat gear to Iran.
Backed by the French and British governments, Eutelsat owns OneWeb, the only low Earth orbit constellation, or group of satellites, besides Elon Musk’s Starlink.
The satellites are used to beam internet service from space, providing broadband connectivity to businesses, governments, and consumers in underserved areas.
Iranian authorities in recent days have launched a deadly crackdown that has reportedly killed thousands during protests against clerical rule, and imposed a near-complete shutdown of internet service.
Still, some Iranians have managed to connect to Starlink satellite internet service, three people inside the country said.
Even Starlink service appears to be reduced, Alp Toker, founder of internet monitoring group NetBlocks said earlier this week.
Eutelsat declined to comment when asked by Reuters about Barrot’s remarks and its activities in Iran.
Starlink’s more than 9,000 satellites allow higher speeds than Eutelsat‘s fleet of over 600, and its terminals connecting users to the network are cheaper and easier to install.
Eutelsat also provides internet access to Ukraine’s military, which has relied on Starlink to maintain battlefield connectivity throughout the war with Russia.
Independent satellite communications adviser Carlos Placido said OneWeb terminals are bulkier than Starlink’s and easier to jam.
“The sheer scale of the Starlink constellation makes jamming more challenging, though certainly not impossible,” Placido said. “With OneWeb it is much easier to predict which satellite will become online over a given location at a given time.”