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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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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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Community Leaders Slam Campaign in Canada Targeting Accreditation of Jewish Summer Camps
Illustrative: People take part in “Shut it down for Palestine!” protest outside of Tyson’s Corner as shoppers participate in Black Friday in Vienna, Virginia, US, Nov. 24, 2023. Photo: REUTERS/Leah Millis
Jewish community leaders across Canada are pushing back against a campaign by anti-Zionist activists that seeks to pressure accrediting bodies to reconsider recognition of several Jewish children’s summer camps.
The controversy centers around at least 17 overnight camps in provinces including Ontario, Quebec, Alberta, British Columbia, Manitoba, and Nova Scotia, according to a statement circulated by the activist group. A coalition of leftist and pro-Palestinian groups has identified the camps and is urging provincial associations to review and potentially revoke their accreditation.
Members of the anti-Israel coalition — which includes the Palestinian Canadian Congress, Just Peace Advocates, the Ontario Palestinian Rights Association, PAJU Montreal, and the Boycott, Divestment, and Sanctions (BDS) campaign — claim that some of the camps promote or normalize support for Israel.
Organizers say institutions connected to Israel, which they falsely accuse of committing genocide against Palestinians, should face scrutiny.
“We have identified at least 17 overnight summer camps throughout Canada that support the State of Israel in some way,” the campaign says. “These camps are not problematic because they encourage connection to Jewish identity. Rather, they pose a problem because they encourage support for a genocidal, settler-colonial state.”
Among the claims cited are that camps celebrate Israeli national holidays, incorporate Israel-focused educational content, or employ staff members who have previously served in the Israel Defense Forces, including in non-combat capacities.
The messaging reflects themes commonly associated with the BDS movement, which seeks to isolate Israel from the international community as a step toward its eventual elimination. The campaign against Jewish camps has been endorsed by the official Canadian BDS Coalition.
The campaign appears to represent a new front in a broader pattern of activism that has targeted universities, cultural organizations, and other institutions over perceived ties to Israel.
Camp leaders and Jewish organizations say the effort singles out Jewish institutions and risks politicizing spaces designed for children, while presenting a threat to effectively dismantle Jewish life.
The UJA Federation of Greater Toronto described the campaign as harassment and intimidation directed at Jewish families. Community leaders have emphasized that summer camps are focused on youth development, cultural enrichment, and recreation, not political advocacy
“This direct targeting of Jewish campers and staff is a deliberate act of intimidation,” UJA wrote in a statement.
The Ontario Camps Association, which accredits camps in that province, also condemned the initiative. The association said accreditation decisions are based on health, safety, and program standards, not political views, and characterized the coalition’s allegations as discriminatory.
The dispute has unfolded amid a surge in antisemitic incidents over the past two years, following Hamas’s Oct. 7, 2023, attack on Israel, amid the ensuing war in Gaza.
According to the Jewish advocacy group B’nai Brith Canada, which tracks antisemitism across the country, antisemitic incidents in 2024 rose 7.4 percent from 2023, with 6,219 adding up to the highest total recorded since it began tracking such data in 1982. Seventeen incidents occurred on average every day, while online antisemitism exploded a harrowing 161 percent since 2022. As standalone provinces, Quebec and Alberta saw the largest percentage increases, by 215 percent and 160 percent, respectively.
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Hezbollah Rejects Disarmament Plan and Government’s Four-Month Timeline
Men carry Hezbollah flags while riding on two wheelers, at the entrance of Beirut’s southern suburbs, in Lebanon, Nov. 27, 2024. Photo: REUTERS/Thaier Al-Sudani
Terrorist group Hezbollah rejected on Tuesday the Lebanese government’s decision to grant the army at least four months to advance the second phase of a nationwide disarmament plan, saying it would not accept what it sees as a move serving Israel.
Lebanon’s cabinet tasked the army in August 2025 with drawing up and beginning to implement a plan to bring all armed groups’ weapons under state control, a bid aimed primarily at disarming Hezbollah after its devastating war with Israel in 2024.
In September 2025 the cabinet formally welcomed the army’s plan to disarm the Iran-backed Shi’ite militia, although it did not set a clear timeframe and cautioned that the military’s limited capabilities and ongoing Israeli strikes could hinder progress.
Hezbollah Secretary-General Sheikh Naim Qassem said in a speech on Monday that “what the Lebanese government is doing by focusing on disarmament is a major mistake because this issue serves the goals of Israeli aggression.”
Lebanon’s Information Minister Paul Morcos said during a press conference late on Monday after a cabinet meeting that the government had taken note of the army’s monthly report on its arms control plan that includes restricting weapons in areas north of the Litani River up to the Awali River in Sidon, and granted it four months.
“The required time frame is four months, renewable depending on available capabilities, Israeli attacks and field obstacles,” he said.
Hezbollah lawmaker Hassan Fadlallah said, “we cannot be lenient,” signaling the group’s rejection of the timeline and the broader approach to the issue of its weapons.
Hezbollah has rejected the disarmament effort as a misstep while Israel continues to target Lebanon, and Shi’ite ministers walked out of the cabinet session in protest.
Israel has said Hezbollah‘s disarmament is a security priority, arguing that the group’s weapons outside Lebanese state control pose a direct threat to its security.
Israeli officials say any disarmament plan must be fully and effectively implemented, especially in areas close to the border, and that continued Hezbollah military activity constitutes a violation of relevant international resolutions.
Israel has also said it will continue what it describes as action to prevent the entrenchment or arming of hostile actors in Lebanon until cross-border threats are eliminated.
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American Jewish speedskater Emery Lehman wins silver in final Winter Olympics
(JTA) — Emery Lehman, a Jewish speedskater and four-time Olympian, captured a silver medal in the men’s team pursuit on Tuesday, his second career medal.
Lehman, 29, and his teammates Casey Dawson and Ethan Cepuran finished 4.51 seconds behind the host country Italy in what was considered an unexpected loss for the United States. Since the 2021-2022 season, Lehman’s team had set three world records and won five straight World Cup season titles, the 2022 Olympic bronze medal and a 2025 world championship.
Lehman has said he plans to retire from speedskating after the 2026 Olympics.
“Eight years ago, none of us had skated a team pursuit together,” Lehman said after the race, according to NBC. “Now, to be finishing off with two Olympic medals, I’m pretty proud of it.”
Lehman, a Chicago native, took up speedskating at 9 years old to improve his ice hockey skills at the urging of his mother, Marcia. Marcia Lehman is a former executive at Chicago’s Spertus Institute for Jewish Learning and Leadership and at the American Friends of the Hebrew University of Israel. She is also an alum of the Yeshiva of Flatbush, according to her social media.
Emery Lehman went on a Birthright trip to Israel in May 2018.
“Unreal experience seeing those who fought for Israel throughout the years,” Lehman wrote in a post from Mount Herzl cemetery in Jerusalem. “Seeing all sorts of graves from such a diverse group of people fighting to keep the people in Israel safe was very touching.”
The post American Jewish speedskater Emery Lehman wins silver in final Winter Olympics appeared first on The Forward.