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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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Rep. Ilhan Omar says Stephen Miller’s comments on immigrants sound like how ‘Nazis described Jewish people’
Rep Ilhan Omar, Democrat of Minnesota, on Sunday likened the Trump administration’s immigration rhetoric to Nazi depictions of Jews.
“It reminds me of the way the Nazis described Jewish people in Germany,” Omar said in an interview on CBS’s Face the Nation, commenting on a social media post by Stephen Miller, President Donald Trump’s senior adviser, in which he suggested that “migrants and their descendants recreate the conditions, and terrors, of their broken homelands.” Miller, who is Jewish, is the architect of the Trump administration’s immigration policy.
Omar called Miller’s comments “white supremist rhetoric” and also drew parallels between his characterization of migrants seeking refuge in the U.S. to how Jews were demonized and treated when they fled Nazi-era Germany. “As we know, there have been many immigrants who have tried to come to the United States who have turned back, you know, one of them being Jewish immigrants,” she said.
Now serving as Trump’s deputy chief of staff for policy, Miller is central to the White House’s plans for mass deportations and expanded barriers to asylum. During Trump’s first term, Miller led the implementation of the so-called Muslim travel ban in 2017, which barred entry to the U.S. for individuals from Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen, and pushed to further reduce a longtime refugee program.
Rep. Ilhan Omar: “When I think about Stephen Miller and his white supremacist rhetoric, it reminds me of the way the Nazis described Jewish people in Germany.” pic.twitter.com/GAjIMqFq26
— Aaron Rupar (@atrupar) December 7, 2025
Miller’s comments echoed similar rhetoric by Trump after an Afghan refugee was accused of shooting two National Guard members near the White House last month, killing one.
Trump told reporters at a cabinet meeting last week that Somali immigrants are “garbage” and that he wanted them to be sent “back to where they came from.” The president also singled out Omar, a Somali native who represents Minnesota’s large Somali-American community. “She should be thrown the hell out of our country,” Trump said.
In the Sunday interview, Omar called Trump’s remarks “completely disgusting” and accused him of having “an unhealthy obsession” with her and the Somali community. “This kind of hateful rhetoric and this level of dehumanizing can lead to dangerous actions by people who listen to the president,” she said.
The post Rep. Ilhan Omar says Stephen Miller’s comments on immigrants sound like how ‘Nazis described Jewish people’ appeared first on The Forward.
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Nigeria Seeks French Help to Combat Insecurity, Macron Says
French President Emmanuel Macron at the Elysee Palace in Paris, France, Sept. 15, 2025. Photo: REUTERS/Benoit Tessier/Pool
Nigerian President Bola Tinubu has sought more help from France to fight widespread violence in the north of the country, French President Emmanuel Macron said on Sunday, weeks after the United States threatened to intervene to protect Nigeria’s Christians.
Nigeria, Africa’s most populous country, has witnessed an upsurge in attacks in volatile northern areas in the past month, including mass kidnappings from schools and a church.
US President Donald Trump has raised the prospect of possible military action in Nigeria, accusing it of mistreating Christians. The government says the allegations misrepresent a complex security situation in which armed groups target both faith groups.
Macron said he had a phone call with Tinubu on Sunday, where he conveyed France’s support to Nigeria as it grapples with several security challenges, “particularly the terrorist threat in the North.”
“At his request, we will strengthen our partnership with the authorities and our support for the affected populations. We call on all our partners to step up their engagement,” Macron said in a post on X.
Macron did not say what help would be offered by France, which has withdrawn its troops from West and Central Africa and plans to focus on training, intelligence sharing and responding to requests from countries for assistance.
Nigeria is grappling with a long-running Islamist insurgency in the northeast, armed kidnapping gangs in the northwest and deadly clashes between largely Muslim cattle herders and mostly Christian farmers in the central parts of the country, stretching its security forces.
Washington said last month that it was considering actions such as sanctions and Pentagon engagement on counterterrorism as part of a plan to compel Nigeria to better protect its Christian communities.
The Nigerian government has said it welcomes help to fight insecurity as long as its sovereignty is respected. France has previously supported efforts to curtail the actions of armed groups, the US has shared intelligence and sold arms, including fighter jets, and Britain has trained Nigerian troops.
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Netanyahu Says He Will Not Quit Politics if He Receives a Pardon
Israeli Prime Minister Benjamin Netanyahu participates in the state memorial ceremony for the fallen of the Iron Swords War on Mount Herzl, Jerusalem on Oct. 16, 2025. Photo: Alex Kolomoisky/POOL/Pool via REUTERS
Israeli Prime Minister Benjamin Netanyahu said on Sunday that he would not retire from politics if he receives a pardon from the country’s president in his years-long corruption trial.
Asked by a reporter if planned on retiring from political life if he receives a pardon, Netanyahu replied: “no”.
Netanyahu last month asked President Isaac Herzog for a pardon, with lawyers for the prime minister arguing that frequent court appearances were hindering Netanyahu’s ability to govern and that a pardon would be good for the country.
Pardons in Israel have typically been granted only after legal proceedings have concluded and the accused has been convicted. There is no precedent for issuing a pardon mid-trial.
Netanyahu has repeatedly denied wrongdoing in response to the charges of bribery, fraud and breach of trust, and his lawyers have said that the prime minister still believes the legal proceedings, if concluded, would result in a complete acquittal.
US President Donald Trump wrote to Herzog, before Netanyahu made his request, urging the Israeli president to consider granting the prime minister a pardon.
Some Israeli opposition politicians have argued that any pardon should be conditional on Netanyahu retiring from politics and admitting guilt. Others have said the prime minister must first call national elections, which are due by October 2026.