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.
Uncategorized
Denmark Unveils $18 Million Plan to Combat Rising Antisemitism Amid Surge in Attacks
People take part in an anti-Israel demonstration in Copenhagen, Denmark, Oct. 4, 2025. Photo: Ritzau Scanpix/Emil Nicolai Helms via REUTERS
Denmark’s government on Tuesday unveiled an $18 million, five-year plan to combat antisemitism through 2030, focusing on security, education, and research, as the country’s Jewish community continues to face a wave of targeted attacks and hostility.
“Following Hamas’s terrorist attack in Israel on Oct. 7, 2023, and the subsequent war in Gaza, there has been a flare-up in antisemitism in Denmark,” the Danish Justice Ministry said while announcing the new plan.
Building on Denmark’s first national plan to combat antisemitism from 2022, the new initiative will focus on boosting security for Jewish institutions, combating online hate, and introducing programs for children and young people.
As a new addition to the previous plan set to expire at the end of this year, the newly released program will appoint an Education Ministry coordinator to fight antisemitism in schools and establish an association to combat antisemitic hate crimes.
Other measures will include expanded educational programs, giving all upper secondary schools the opportunity to apply for study trips that teach students about the Holocaust and antisemitism.
“Jews in Denmark should neither feel persecuted, harassed, nor receive death threats,” Danish Justice Minister Peter Hummelgaard said in a statement.
“Fighting antisemitism must be done through education and prevention, as well as tough and firm consequences towards those who spread antisemitism and hatred against Jews,” he continued. “Jews in Denmark must be able to live and move freely and safely.”
The new plan also includes the creation of the Weinberger Institute, a research center focused on hate crimes, led by Jonathan Fischer, a former vice president of the Jewish Community of Denmark.
The government’s new initiatives come amid a startling rise in anti-Jewish hostility in the country, with attacks that include vandalism of businesses, murals, and memorials, as well as physical assaults and death threats targeting Jews and Israelis.
According to the Danish Jewish Community’s Department for Mapping and Registering Antisemitic Incidents, the country recorded 207 antisemitic incidents in 2024, up 71 percent from 121 the previous year and up sharply from just nine before the Oct. 7, 2023, attacks.
Over the last few years, the local Jewish community in Denmark has experienced a sharp rise in antisemitic bullying, violence, and death threats.
“Danish Jews are part of our common culture, history, and soul, and we as a society have a responsibility to surround our Jewish fellow citizens when antisemitism rears its ugly face,” Hummelgaard said.
Uncategorized
More Than 200 Celebrities Join Campaign Calling for Israel to Release Convicted Terrorist Marwan Barghouti
Marwan Barghouti gestures as Israeli police bring him into the District Court for his judgment hearing in Tel Aviv, May 20, 2004. Photo: Reuters / Pool / David Silverman.
Paul Simon, Sting, Benedict Cumberbatch, Tilda Swinton, and Margaret Atwood are among the more than 200 cultural figures who have backed a campaign calling for Israel to release Palestinian terrorist mastermind Marwan Barghouti, who is serving five life sentences plus an additional 40 years in prison for orchestrating deadly terrorist attacks during the Second Intifada.
The celebrities who support the campaign are recognizable in the music, film, music, literature, and sports industries. They include actors Ian McKellen, Mark Ruffalo, Cynthia Nixon, Simon Pegg, Susan Sarandon, Javier Bardem, Stephen Fry, Hannah Einbinder, and Ilana Glazer. Others who have joined the campaign include author Sally Rooney; broadcaster and former footballer Gary Lineker; and the musicians Annie Lennox, Brian Eno, Fontaines D.C, Massive Attack, and Mabel.
They are all urging the United Nations and governments around the world to pressure Israel to free Marwan, 66, who has so far spent 23 years in Israeli prison. They also condemn what they describe as Barghouti’s “violent mistreatment and denial of legal rights whilst imprisoned.”
According to Israeli officials, Barghouti co-founded Fatah’s al-Aqsa Martyrs Brigade, a US-designated terrorist group that carried out suicide bombings and shootings attacks during the Second Intifada from 2000-2005, and formerly was the head of Fatah’s Tanzim armed wing. Barghouti, who denied having such a leadership role, was arrested in 2002 and convicted for helping to plan terrorist attacks during the Second Intifada that killed five civilians. He has been nicknamed the “Palestinian Mandela” by his supporters.
“Everyone that believes in freedom and dignity for the Palestinian people should join in the call for his immediate release” said Scottish actor Brian Cox from “Succession.” French writer Annie Ernaux claimed Barghouti “embodies the possibility of peace which [Israeli Prime Minister Benjamin] Netanyahu refuses, determined as he is to continue with the expansion of settlements in the West Bank.”
The International Campaign to Free Marwan that was launched on Nov. 29 is spearheading the efforts, which they claim resemble the cultural movement that helped secure the freedom of Nelson Mandela and ended apartheid in South Africa. Others who are backing the campaign to secure Barghouti’s freedom include billionaire entrepreneur Richard Branson, journalist Peter Beinart, Israeli architect Eyal Weizman, author and speaker Gabor Maté, and activist and author Angela Davis.
Uncategorized
StandWithUs Legal Team Requests Florida Investigate Guinness World Records for Anti-Israel Policy
In 2019, students, faculty and parents from the San Diego Jewish Academy broke the Guinness World Record for most sandwiches made in under three minutes, all of which were donated to San Diego’s Alpha Project, an organization dedicated to helping the homeless achieve self-sufficiency. Photo: Courtesy.
StandWithUs, the international nonprofit organization that fights antisemitism and promotes education about Israel, has called on the state of Florida to investigate Guinness World Records (GWR) over its ban on applications from Israel and to ensure that public funds do not support companies engaged in such a “discriminatory policy” against the Jewish state.
StandWithUs Saidoff Law, which carries out legal action for the pro-Israel group, sent a letter on Thursday to members of the Florida State Board of Administration (SBA) following the revelation this week that GWR has enforced a policy since 2023 not to accept submission applications from Israel and the Palestinian territories. Saidoff Law formally requested that the board investigate GWR and its affiliate Guinness World Records North America regarding the “boycott policy” to see if they should be included on Florida’s official list of “Scrutinized Companies or Other Entities that Boycott Israel” in accordance with Florida law. Guinness World Records North America is registered in Florida as a foreign profit corporation.
Created in 2016, the list currently includes 109 companies or entities that participate in a boycott of Israel, including actions that limit commercial relations with Israel or Israeli-controlled territories. The SBA is prohibited from acquiring direct holdings of the companies on this list, which is updated and published every quarter following review and approval by SBA trustees. In late September, 91 new entities were added to the list.
StandWithUs Saidoff Law is urging the Florida State Board of Administration to review GWR’s actions to see if they can be added on the list. “We hope that prompt action from the SBA will reaffirm Florida’s strong commitment to opposing discriminatory boycotts and upholding the integrity of the state’s investment and contracting policies,” the letter stated. It was signed by StandWithUs Saidoff Law Director Yael Lerman and Assistant Director Gadi Dotz.
Guinness World Records recently rejected a submission application by an Israeli charity that is organizing an event where a record-breaking 2,000 kidney donors will gather in one place. GWR said that since November 2023, “we are not generally processing record applications from the Palestinian Territories [sic] or Israel, or where either is given as the attempt location, except those done in cooperation with a UN humanitarian aid relief agency.” The policy was enforced shortly after the start of the Israel-Hamas war in the Gaza Strip, which began with the Hamas-led massacre across southern Israel on Oct. 7, 2023.
GWR said it is “monitoring the situation carefully” and its policy is subject to a monthly review. “We hope to be in a position to receive new inquiries soon,” it noted.
StandwithUs Saidoff Law wrote in its letter to Florida’s State Board of Administration that GWR’s “refusal to engage in commercial relations with entities in Israel and Israeli-controlled territories … appears to be intentional, discriminatory in that it singles out Israel and Israeli-controlled territories despite its political neutrality policy, and is not based on neutral business criteria. Also, it squarely falls within Florida’s definition of a boycott of Israel.”
According to Florida law, a boycott of Israel means “refusing to deal, terminating business activities, or taking other actions to limit commercial relations with Israel, or persons or entities doing business in Israel or in Israeli-controlled territories, in a discriminatory manner.”