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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.


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.

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Amid Iran tensions, Huckabee tells US embassy staff in Israel they should leave ‘TODAY’ if they wish

(JTA) — Ambassador to Israel Mike Huckabee has told U.S. government employees and their families that they may leave the country and should do so expediently, amid mounting signs of a possible U.S. attack on Iran.

Huckabee emailed embassy staff on Friday morning saying that if they want to leave, they should do so “TODAY,” according to a letter first reported by The New York Times. He noted that commercial flights could become scarce and urged them to accept passage to any country before returning to Washington, D.C.

“There is no need to panic, but for those desiring to leave, it’s important to make plans to depart sooner rather than later,” he wrote.

The letter comes a day after U.S.-Iran talks in Geneva ended without public breakthroughs. Iranian officials, as well as the Omani mediators, said additional conversations were planned for next week; the United States did not comment. Steve Witkoff and Jared Kusher, two Jewish advisors to President Donald Trump who successfully brokered a ceasefire in the Israel-Hamas war last year, are leading the U.S. delegation.

Trump has been threatening to attack Iran for weeks over its nuclear program and has built up U.S. military forces in the Middle East to levels not seen in decades. In recent days, Secretary of State Marco Rubio and Vice President JD Vance have both said military intervention could be needed while saying the president continued to prefer diplomacy.

Vance’s comments were particularly notable because he typically opposes U.S. intervention overseas. He told the Washington Post in comments published Friday morning that there was “no chance” that the United States would get involved in an extended Middle East campaign.

Iran has said it would consider Israel a valid target in the event of a U.S. attack. Last year, Iranian missiles killed more than two dozen people in Israel during a 12-day war initiated by Israeli strikes on Iran’s military program. Now, Israelis have been living in limbo for weeks while waiting to learn whether a new war, expected to be more destructive, will begin.

In the past, when expecting Iranian retaliation, the embassy has warned staff against leaving population centers in Israel. Now, the Department of State has updated its Jerusalem embassy website to reflect “the authorized departure of non-emergency U.S. government personnel and family members of U.S. government personnel to leave Israel,” setting a status that means flights will be paid for by the U.S. government.

While El Al, Israel’s national carrier, does not fly during Shabbat, other airlines typically do run some flights to and from Ben Gurion Airport on Friday nights and Saturdays. Many of those are budget European airlines that have only recently resumed flying to Israel after last year’s Iran war; some airlines, including KLM, have already suspended Israel flights in anticipation of another conflict.

The post Amid Iran tensions, Huckabee tells US embassy staff in Israel they should leave ‘TODAY’ if they wish appeared first on The Forward.

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San Francisco mayor Daniel Lurie condemns ‘Tax the Jews’ chant heard during protest

(JTA) — Jewish leaders and California elected officials have condemned an antisemitic chant that was audible during a protest Wednesday against the repeal of a local San Francisco tax ordinance.

During a news conference addressing a new housing construction development plan hosted by San Francisco mayor Daniel Lurie and San Francisco District 5 Supervisor Bilal Mahmood, protesters with the Democratic Socialists of America chanted “tax the rich.”

According to videos reviewed by the Jewish Telegraphic Agency, one woman on the scene can be clearly seen and heard chanting “tax Israel” and “tax the Jews.”

Lurie, who is Jewish, condemned the chants, which he said had come from a group of people.

“At an event this afternoon, a group of individuals that were chanting ‘tax the rich’ began to shout ‘tax the Jews,’” Lurie tweeted. “Suggesting that Jews are wealthy is a tired trope, and targeting our community at an event focused on creating economic opportunity for San Franciscans is decidedly antisemitic. I will never accept hate directed at the Jewish community or any community in our city. Those are not San Francisco values—we’re better than that.”

The DSA, the largest socialist organization in the country, distanced itself from the chants, saying that only a single person was involved and that she was not a DSA member.

“During today’s protest of the Prop I repeal, a non-member joined the crowd and spouted disgusting antisemitic remarks,” the DSA said in a statement. “DSA members and other protesters asked her to stop, but she refused. We want to be clear that whatever hate she holds isn’t shared by DSA members and we categorically reject antisemitism.”

In the videos, the woman is wearing a head covering and glasses and appears to be pacing a distance away from the other protesters.

The incident comes as the DSA, which endorses the Boycott, Divestment, and Sanctions movement and opposes economic and military aid to Israel, has both notched major wins and drawn repeated allegations of antisemitism. After Oct. 7, it broke with one of its political stars, New York Rep. Alexandria Ocasio-Cortez, following her appearance on a panel where she condemned antisemitism. More recently, one of its members, Zohran Mamdani, was elected mayor of New York City. There, a DSA member last week challenged a DSA-affiliated elected official for condemning Hamas during an open meeting.

In San Francisco, the chant was condemned by other Jewish organizations, leaders and government officials, like the San Francisco Jewish Community Relations Council, California Rep. Ro Khanna, and Anti-Defamation League CEO Jonathan Greenblatt.

In a statement shared on X, Amy Spitalnick, the CEO of Jewish Council for Public Affairs, said, “What does antisemitism look like? This. This is hate and extremism masquerading as progressive politics when, in fact, nothing about it is progressive — and it only undermines the fight for justice, all of our safety, and our democracy.”

The post San Francisco mayor Daniel Lurie condemns ‘Tax the Jews’ chant heard during protest appeared first on The Forward.

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HarperCollins to publish book of conversations with Rabbi Eli Schlanger, Chabad emissary slain in Sydney

(JTA) — A book featuring testimony from Rabbi Eli Schlanger, the Chabad emissary who was killed in December in an antisemitic terror attack in Sydney, will be published this spring, HarperCollins Publishers announced on Thursday.

Schlanger, who moved to Bondi Beach as an emissary of the Chabad movement 18 years ago, was the father of five children, including a newborn son. On Dec. 14, Schlanger was hosting the Chabad of Bondi’s Hanukkah celebration when two gunmen opened fire on the festivities, killing Schlanger as well as 14 others.

The book, titled “Conversations With My Rabbi: Timeless Teachings for a Fractured World,” was written by Nikki Goldstein, a Jewish author who first encountered Schlanger during a hospital stay in 2022.

Last January, Goldstein and Schlanger began recording their conversations together for a book, but weeks before finishing its final chapter, Schlanger was killed.

“I was devastated, shocked, and grieving. But I knew that Eli’s legacy, his mission to bring light and love to the world, would not die with him,” Nikki Goldstein said in a statement. “Eli saved my life those years ago, and it’s my honor and privilege to ensure that his voice, memory, and mission are not silenced by terror and continue to work miracles.”

The book, which is set to be published on May 26, is the second major work centering a Jewish victim of terrorism to be released within a year. Former hostage Eli Sharabi’s memoir “Hostage,” published last fall, was named Book of the Year by the National Jewish Book Awards earlier this month. The memoir, which details Sharabi’s abduction by Hamas on Oct. 7, 2023, and 15 months he spent in captivity before learning that his wife and daughters had been murdered, was a bestseller in Israel before coming out in English.

A book by another icon of the Israeli hostage crisis is slated to hit the shelves in April. Rachel Goldberg-Polin’s memoir, titled “When We See You Again,” chronicles her relentless advocacy to free her son Hersh, who was kidnapped from the Nova music festival in Israel on Oct. 7 and subsequently murdered by Hamas in August 2024.

The post HarperCollins to publish book of conversations with Rabbi Eli Schlanger, Chabad emissary slain in Sydney appeared first on The Forward.

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