Connect with us

Uncategorized

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.


The post 2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government appeared first on Jewish Telegraphic Agency.

Continue Reading

Uncategorized

Iran Hits Ships and UAE Oil Port in Show of Force After Trump Orders Navy to Open Strait

Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. Photo: REUTERS/Stringer TPX IMAGES OF THE DAY

Iran hit several ships in the Strait of Hormuz on Monday and set a UAE oil port ablaze, following President Donald Trump‘s announcement that he will use the US Navy to free up shipping.

The Iranian attacks marked the war’s biggest escalation since a ceasefire was declared four weeks ago.

Trump‘s new mission “Project Freedom,” which he announced on social media overnight to release ships stuck in the strait, was the first apparent attempt to make use of naval power to unblock the world’s most important energy shipping route.

But at least in the initial hours on Monday, the effort brought no surge of merchant shipping through the strait while provoking a show of force from Iran, which had long threatened to respond to any escalation with new attacks on its neighbors.

The US military said two US merchant ships had made it through the strait, without saying when. Iran denied any such crossings had taken place.

The commander of US forces in the region said his fleet had destroyed six small Iranian boats, which Iran also denied. Admiral Brad Cooper said he “strongly advised” Iranian forces to keep clear of US military assets carrying out the mission.

Iranian authorities, for their part, released a map of what they said was an expanded sea area now under their control, which went far beyond the strait to include swathes of international waters, including long stretches of the United Arab Emirates’ coastline on either side of the strait.

South Korea reported one of its merchant ships had been hit by an explosion and fire inside the strait. The British maritime security agency UKMTO reported two ships had been hit off the coast of the UAE, and the Emirati oil company ADNOC said one of its empty oil tankers was hit by Iranian drones while trying to cross.

Iran has taken some shots at unrelated Nations with respect to the Ship Movement, PROJECT FREEDOM, including a South Korean Cargo Ship. Perhaps it’s time for South Korea to come and join the mission!” Trump posted on social media on Monday.

After reported drone and missile attacks inside the UAE throughout the day, including one that caused a fire at an important oil port, the UAE said Iranian attacks marked a serious escalation and it reserved the right to respond.

STRAIT STILL BLOCKED

Trump has struggled to find a solution to the disruption of international energy supplies caused by Iran‘s blockade of the strait, which carried a fifth of global oil and liquefied natural gas before the war.

In the more than two months since Trump launched an air war against Iran alongside Israel, Tehran has largely blocked the strait to ships apart from its own. Since last month, the United States has imposed its own blockade of ships leaving and entering Iranian ports, further crippling Iran’s already ailing economy.

The warring sides issued contradictory statements on Monday about the initial impact of the new US mission, and Reuters could not independently verify the full situation there.

But there was no immediate sign that large numbers of merchant ships were making new attempts to cross, and major shipping companies said they were likely to wait for an agreed end to hostilities before trying to sail through.

REVOLUTIONARY GUARDS SAY NO TRANSITS TOOK PLACE

In a post on X, US Central Command said some of its Navy guided-missile destroyers were inside the Gulf supporting the operation, and that two US-flagged merchant vessels had crossed the strait “and are safely headed on their journey.”

It did not identify either the warships or the merchant vessels or say when any of those crossings had taken place.

Iran‘s Revolutionary Guards said no commercial vessels had crossed the strait in the past few hours, and that US claims to the contrary were false.

Earlier, Iran said it had fired on a US warship approaching the strait, forcing it to turn around. An initial Iranian report had said a US warship was struck, but Washington denied this and Iranian officials later described the fire as warning shots.

South Korea’s Foreign Ministry said there was a fire and an explosion onboard the Namu, a merchant ship operated by South Korean shipper HMM. Yonhap news agency reported that the government was checking intelligence indicating the vessel may have been attacked.

The UAE, meanwhile, reported a fire at an oil installation in its port of Fujairah following an Iranian drone attack. Fujairah lies beyond the strait, making it one of the few export routes for Middle East oil that does not require passing through it.

SHIPPING INDUSTRY AWAITS CLARITY ON SAFETY

Oil prices jumped more than 5% in volatile trade as news of the increased Iranian attacks emerged.

In his social media post announcing the new mission, Trump gave few details of what action the US Navy would take to get ships through the strait.

“We have told these Countries that we will guide their Ships safely out of these restricted Waterways, so that they can freely and ably get on with their business,” Trump wrote.

In response, Iran‘s unified command told commercial ships and oil tankers:

“We have repeatedly said the security of the Strait of Hormuz is in our hands and that the safe passage of vessels needs to be coordinated with the armed forces … We warn that any foreign armed forces, especially the aggressive US Army, will be attacked if they intend to approach and enter the Strait of Hormuz.”

The United States and Israel suspended their bombing campaign against Iran four weeks ago, and US and Iranian officials held one round of face-to-face talks. But attempts to set up further meetings have failed.

Iranian state media said on Sunday that Washington had conveyed its response to a 14-point Iranian proposal via Pakistan, and that Tehran was now reviewing it. Neither side gave details of any US response.

The Iranian proposal would postpone discussion of Iran‘s nuclear program until after an agreement to end the war and resolve the standoff over shipping. Trump said over the weekend he was still studying it but would probably reject it.

Continue Reading

Uncategorized

Australia Begins Hearings Into Bondi Beach Attack and Rising Antisemitism

Rabbi Levi Wolff lights a menorah at Bondi Pavilion to honor the victims of a shooting during a Jewish holiday celebration at Bondi Beach, in Sydney, Australia, Dec. 15, 2025. Photo: REUTERS/Hollie Adams

Australia began public hearings on Monday in an inquiry into the Bondi Beach mass shooting in December, with Jewish Australians giving evidence of their experience of rising domestic antisemitism.

The attack on a Jewish Hanukkah celebration killed 15, fueling calls for tougher gun controls and more action to tackle hatred toward Jews, following a spate of antisemitic incidents.

The first block of public hearings will investigate the nature and prevalence of antisemitism, said Virginia Bell, the retired judge leading the wide-ranging national inquiry known as a Royal Commission.

“The sharp spike in antisemitism that we’ve witnessed in Australia has been mirrored in other Western countries and seems clearly linked to events in the Middle East,” Bell said.

“It’s important that people understand how quickly those events can prompt ugly displays of hostility toward Jewish Australians simply because they’re Jews.”

‘WE DON’T FEEL SAFE HERE’

Witnesses from the Jewish community told the inquiry they felt increasingly unsafe amid rising hostility since the October 2023 start of the war in Gaza.

“What is happening in Australia today is not a faint echo of a distant past,” said Peter Halasz, an 86-year-old Holocaust survivor who fled to Australia from Hungary.

“For those of us who lived through the 1930s and 1940s, it is something we recognize, and that recognition is frightening and cause for alarm.”

Sheina Gutnick, who lost her father Reuven Morrison in the Bondi attack, said antisemitism had damaged her family’s sense of safety and freedom of movement.

“As a mother, I’m constantly weighing up the risk of exposing my children to environments where they may be witness, or subject, to antisemitism,” she told the panel.

She recounted an incident in which a stranger at a shopping center called her an “effing terrorist” for wearing a Star of David necklace.

Another witness said her family was relocating to Israel because of safety concerns.

“We never expected synagogues to be burned down,” said the woman, who used the pseudonym “AAM.” “We never expected Jews to be hunted on Bondi Beach.

“My family and I no longer want to live in Australia. We don’t feel safe here. We don’t feel welcome.”

JEWISH SCHOOL LOOKS ‘MORE LIKE A PRISON’

Stefanie Schwartz, the president of Sydney Jewish primary school Mount Sinai College, spoke of holding drills to prepare young students to deal with terrorist attacks, and requiring an “extreme” security presence on campus.

“You walk past our school, and it looks a lot more like a prison than a primary school.”

Antisemitism has “run riot,” with Jewish Australians being held responsible for the actions of the Israeli government, said Benjamin Elton, the chief minister of the Great Synagogue in Sydney.

The inquiry released an interim report of 14 recommendations last Thursday, urging greater security for Jewish public events and further counterterrorism and gun reforms.

A second block of hearings later in May will focus on the circumstances leading up to the Bondi Beach attack and issues raised in the interim report.

The commission is due to deliver its final report on Dec. 14, exactly a year after the attack.

Continue Reading

Uncategorized

A new musical wonders: What happened to solidarity with English Jews?

The Battle of Cable Street, a 1936 street scuffle off an obscure stretch of road in London’s East End, holds a totemic importance to the Jews of England, and, given how few they are in number, a correspondingly small significance in the larger British imagination.

The musical Cable Street, dramatizing that showdown between Jewish and Irish East Enders against Oswald Mosley’s fascist blackshirts, arrives Off-Broadway from London amid a spate of headlines about the safety of English Jews and a subsequent minimization of their fears. Only now, the political alignment of those defending or hectoring Jews has recalibrated from the days the play examines.

In his rhetoric and tactics, the anti-Islam “activist” Tommy Robinson, who antagonizes Muslim neighborhoods and marched through Central London in his “Unite the Kingdom” rallies, would appear to be the heir apparent to a Mosley, with the exception that he presents himself as a friend of the Jews. (Most Jews in the U.K. won’t have him; the Israeli far-right welcomed him to the Jewish state last October.)

On the left, the multicultural coalition has found a cause in Palestinian rights, which they march for like clockwork. Jews, who in the U.K. make up about .5% of the population but a whole 29% of recorded religious hate crimes, don’t count in their social justice calculus, comedian David Baddiel has argued. Evidence is mounting in that direction.

Police have surrendered to community leaders pushing to cancel an Israeli soccer club match, fabricating evidence with A.I. post facto to make it seem like the Israel fans will be the violent faction. A Panorama documentary from last month makes an earnest case for Jewish anxiety, but aired only after the BBC was made to review their standards over stories on Gaza following the network running a documentary that failed to disclose its narrator was the son of a Hamas minister. (This to my mind is nowhere near as egregious as the channel’s reluctance some years before to back down from blaming Orthodox children for their own abuse by mistranslating a word of Hebrew into an anti-Arab slur.)

Jews being gunned down outside shuls on Yom Kippur or stabbed in the streets – as they were just last week, two days before I saw this musical — don’t mobilize the masses. They do get the odd pundit condemning the violence, only to then to whatabout with the humanitarian disaster in Gaza or blame Jewish institutions’ efforts to conflate Jews and Israel, as if only when uncoupled will their targeting be truly horrendous.

British Jews are so much a rounding error they could hardly sway a council election. That fact scarcely moves the needle on the old libels of governmental control, as Labour responds to violence with crack downs on pro-Palestinian protests.

The development of Cable Street goes back years before the current bloodletting, yet it has hit on a rhyme in history.

The story provides a framing device of a present-day walking tour before jumping back in time to follow three youths and their families: Irish immigrant Mairead (Lizzy-Rose Essin-Kelly), who dreams of a writer’s life during her day job rolling bagels; Sammy Scheinberg (a dynamic Isaac Gryn), who wants to be a boxer against the wishes of his shmata business father; and Ron (Barney Wilkinson) a recent Lancashire transplant, underemployed, with hair the color of threshed wheat, ripe for recruitment by a band of populist nativists.

The show finds hope in an unlikely coalition of Irish dockworkers, Jews and Communists rallying to stop a police-escorted British Union of Fascists (BUF) march through London’s Jewish Quarter. The parable is so near to today’s headlines that it can make one’s head spin, and, in the particular case of a Jew, scan for allies. Better luck in New York, with the Brits Off Broadway festival, than across the pond, where this may be taken as a more general parable, with Jews as allegorical victims standing in for other marginalized groups. To read into the story the excesses of today’s protests, and what the authorities allow under the pretext of free speech, would surely be sacrilege, depending on which marchers it’s applied to and where your loyalties lie.

The cast take on a horse — in the real battle, local kids tripped the cavalry with marbles. Photo by

The music by Tim Gilvin has shades of what I’ll call Hebraic Hamilton (“Dream of making the dough, making the bread, baking the challah,” Sammy spits bars over a backbeat). There’s an Irish jig and a ballad that sounds like Coldplay, and “Only Words,” an elegiac plea from a Jewish father to his hothead son. (Jez Unwin plays the Scheinberg patriarch, a modern-day descendant and the leader of the Stepney BUF.) A ragtime number of chattering broadsheets sellers feeds us intermittent exposition.

The introduction of the BUF imagines them as a ‘90s boy band, making fun before they prove their menace. It works better downtown, when the Nazis in another British import, Operation Mincemeat, do their K-Pop number, as that show is an all-out farce.

Better by far is the play’s treatment of Jewish scenes, scripted by book writer Alex Kanefsky with deft direction by Adam Lenson. We hear a hamotzi, see a synagogue (with an implied women’s balcony) and hear a refrain of Sholem Aleichem and Sim Shalom integrated into musically layered sequences.

The indefatigable cast of 13 plays countless characters, switching allegiances from Mosleyites to Jews at the donning of an armband. This can lead to odd stage imagery, as when musician-actor Max Alexander-Taylor is togged up like a blackshirt while riffing on an electric guitar. (The rest of the band is on a top level, shielded in by the corrugated metal and chainlink of Yoav Segal’s set design.)

But there are moments of sublime stage work, après Les Miz, as the story’s action rises and the street mounts a defense with slogans borrowed from Spanish Republicans. The play, in its chilling wisdom, doesn’t stop at this high point. It allows room for what followed: The BUF’s membership only grew after the battle. Regrouping, they retaliated with a pogrom against the Jews. This time, no one showed up to defend them.

The cringey lyric of the battle song — “we’re not like the others, we won’t let you demonize our sisters and brothers” — is replaced with a more sober conclusion from Sammy’s sister in the wreckage of the attack.

After noting how “the rich blame the poor, the poor blame the rich and everybody hates the Jews,” Rosa Scheinberg (Romona Lewis-Malley) laments that “when the common enemy’s defeated, old wounds flare up, and old mistakes get repeated.” Solidarity was but a brief and shining moment.

As a concession to hope, the show doesn’t end there, but it very well might.

The musical Cable Street plays at 59E59 in New York through May 24. Tickets and more information can be found here.

The post A new musical wonders: What happened to solidarity with English Jews? appeared first on The Forward.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News