Uncategorized
As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
—
The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.
Uncategorized
Israel Competes in World Cheerleading Championships for First Time Ever
Israeli national flags flutter near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel, Aug. 27, 2020. Photo: REUTERS/Ronen Zvulun
Israel is competing for the first time ever in the 2026 ICU World Cheerleading Championships.
The competition begins on Wednesday, which is also Israel’s Independence Day.
The ISCU, the official cheerleading organization in Israel that is supported by EL AL Airlines, made the announcement and posted footage on Instagram of the athletes and their final rehearsal before flying to the US for the competition, which will take place until Friday in Orlando, Florida. Ludmila Yasinskaya-Demari is the president of the Israel Cheer Union.
“Today, on Israel’s Independence Day, the Israeli cheerleading team has the honor of competing on the world stage,” the ISCU wrote in an Instagram post. “It’s a very moving and meaningful moment for us to represent Israel on such an important day — with pride, strength, and love for our country. Thank you to EL AL for supporting us in this way. There’s something symbolic and special about flying and competing with Israel’s national airline. From Israel to the world — the Israeli team is ready.”
The championship is being held at the ESPN Wide World of Sports complex at Disney World, and is organized by the International Cheer Union, the official world governing body for cheerleading. Israel is a member of the European Cheer Union and the International Cheer Union. It will compete in the POM category and in two doubles pairs competitions.
Team USA is after its ninth, consecutive co-ed premier world title at the World Cheerleading Championships. The US has won gold since 2021 and also won the competition from 2016 through 2019. The competition was not held in 2020 due to the COVID-19 pandemic.
In 2015, the US came in second place behind Team Chinese Taipei. The US is also the defending champion in the All Girl Premier category.
Uncategorized
Rachel Goldberg-Polin Talks in ’60 Minutes’ Interview, New Memoir About Grief After Son Murdered by Hamas
Rachel Goldberg, mother of killed US-Israeli hostage Hersh Goldberg-Polin whose body was recovered with five other hostages in Gaza, speaks during his funeral in Jerusalem on September 2, 2024. Photo: GIL COHEN-MAGEN/Pool via REUTERS
In a new memoir and “60 Minutes” interview this week, American-Israeli Rachel Goldberg-Polin, a mother of three, opened up about grief and the process of moving forward in life after her only son, Hersh, was murdered while in Hamas captivity in the Gaza Strip.
“To know that your child is being tortured, tormented, starved, abused. He’s maimed. And that’s an excruciating form of suffering,” she told “60 Minutes” correspondent Anderson Cooper in a segment that aired on Monday, which was also Israel’s Memorial Day (Yom HaZikaron). “And then what’s so fascinating to me is that when they came to tell us that Hersh had been executed, then I realized that those 330 days had been the good part, because he was alive. And now I’m in this place and this is the rest of my life. How do I walk through this place without a piece of me here?”
“I’m trying to re-understand what it means to be in this world,” she added. “There are millions of us right now who have buried children. There’s nothing unique about me. But it creates light for me to try to give words to the pain.”
Hersh was one of 251 people kidnapped by Hamas-led terrorists on Oct. 7, 2023. The 23-year-old was attending the Nova music festival in southern Israel, near the Gaza border, with a friend when he was abducted. Terrorists murdered 1,200 people during the onslaught, including 378 festivalgoers, and wounded thousands more. Hersh hid inside a bomb shelter with others and had his left arm blown off by a grenade before he was taken hostage.
Goldberg-Polin and her husband campaigned tirelessly and met with world leaders around the globe to try to secure the release of the hostages, but on the 328th day of his captivity, Hersh was executed by Hamas terrorists. Israeli soldiers found his body in a tunnel in Rafah on Aug. 31, 2024. Hersh, who was shot six times at close range, and five other hostages had been executed.
Goldberg-Polin further details her grief and talks about the kind of person Hersh was, even as a child, in her memoir “When We See You Again,” released on Tuesday. The book is a “searing portrait of a mother’s grief and strength in the wake of unthinkable tragedy,” according to a description of the memoir published by Penguin Random House.
“There are days when I break completely,” Goldberg-Polin writes in her book. “I have cried for an entire day straight. I didn’t think it was physically possible, but the weeping never let up. That is a very long time to cry. I kept hoping I would run out of tears. And then there are days when there is a whisper of sun. Not out there in the sky. In me. In us.”
She also describes grief, saying: “People want hope, resilience, recovery, strength, survival, healing. They want thriving and rising from the ashes, like the phoenix from the days of yore. But the pain is chronic, ever present, constant, gnawing, circular, not linear.”
Goldberg-Polin told Cooper on “60 Minutes” that she now thinks “grief is actually just this precious badge of love that you wear because someone has died and your love is continuing to grow.”
Former Hamas hostage Or Levy was released in February 2025 along with two others and talked to “60 Minutes” about spending three days with Hersh in a tunnel. He told Cooper that during their time together, Hersh kept repeating the mantra, “He who has a why can bear any how.” The line is from “Man’s Search for Meaning,” a 1946 concentration camp memoir by Holocaust survivor Viktor Frankl, who adapted a similar saying by Fredrich Nietzsche.
“It became our mantra … The only reason why I survived was him,” Levy told Cooper on “60 Minutes.” Soon after his release, Levy got the mantra tattooed on his arm.
Uncategorized
Iran Seizes Ships in Strait of Hormuz After Trump Extends Ceasefire
Ships and boats in the Strait of Hormuz, Musandam, Oman, April 22, 2026. Photo: REUTERS/Stringer
Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway after US President Donald Trump called off attacks with no sign of peace talks restarting.
Trump maintained the US Navy blockade of Iran‘s trade by sea, and Iran‘s parliament speaker and top negotiator Mohammad Baqer Qalibaf said a full ceasefire only made sense if it was lifted. Reopening the strait was impossible with such a “flagrant breach of the ceasefire,” Qalibaf said in a post on X.
“You did not achieve your goals through military aggression, and you will not achieve them by bullying either. The only way is recognizing the Iranian people’s rights,” he said in his first response to Trump’s ceasefire extension.
Iran‘s semi-official Tasnim news agency earlier said the Revolutionary Guards had seized two vessels for maritime violations and escorted them to Iranian shores. It was the first time Iran has seized ships since the war began at the end of February.
The Revolutionary Guards also warned that any disruption to order and safety in the strait would be considered a “red line,” Tasnim said.
NO NEW DEADLINE FOR CEASEFIRE
Trump said on social media late on Tuesday that the US had agreed to a request by Pakistani mediators “to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal … and discussions are concluded, one way or the other.”
A source briefed on the matter confirmed on Wednesday that Trump had not set a timeline for the extension of the ceasefire.
In a show of defiance, Iran showcased some of its ballistic weapons at a parade in Tehran on Tuesday evening, with images on state TV showing large crowds waving Iranian flags and a banner in the background with a fist choking off the strait.
Captions read: “Indefinitely under Iran‘s Control” and “Trump could not do a damn thing,” referring to the waterway, the closure of which has caused a global energy crisis.
PAKISTAN STILL WORKING TO FOSTER TALKS DESPITE ‘SETBACK’
Pakistan, which has acted as a mediator, was still trying to bring the sides together for negotiations after both failed to show up for talks on Tuesday before the two-week-old ceasefire had been due to expire.
“We were all prepared for the talks, the stage was set,” a Pakistani official briefed on the preparations told Reuters. “If you ask me honestly, it was a setback we were not expecting, because the Iranians never refused, they were up to come and join, and they still are.”
Throughout the war, Iran has effectively shut the strait to ships other than its own by attacking vessels that attempt to transit without its permission. Around a fifth of global oil and liquefied natural gas normally passes through the waterway.
The Revolutionary Guards accused the seized ships, the Panama-flagged MSC Francesca and Liberia-flagged Epaminondas, of operating without required permits and tampering with their navigation systems.
The Greek-operated Epaminondas reported being fired upon about 20 nautical miles northwest of Oman. It said it had sustained damage to its bridge after being hit by gunfire and that no one was hurt in the incident.
Greece and the company have not confirmed the seizure of the vessel. MSC, the world’s biggest container shipping group, did not respond to a Reuters request for immediate comment.
A third, Liberia-flagged container ship was fired upon in the same area but was not damaged and had resumed sailing, according to maritime security sources.
DIFFERENCES REMAIN ON KEY ISSUES
With his announcement on Tuesday, Trump again pulled back at the last moment from warnings to bomb Iran‘s power plants and bridges, a threat condemned by the United Nations and others as potentially constituting war crimes. Iran had said it would strike its Arab neighbors if its civilian infrastructure was hit.
Oil prices reversed course to head higher after the shipping incidents on Wednesday, with Brent crude futures up almost 4% at $102.2 a barrel.
A first session of peace talks 11 days ago produced no agreement.
Washington wants Iran to give up highly enriched uranium and forgo further enrichment to prevent it getting a weapon. Iran, which says its nuclear program is peaceful, wants an end to the war, the lifting of sanctions, reparations for damage and recognition of its control over the strait.
An Israeli strike killed two people in southern Lebanon on Wednesday, Lebanon’s state news agency reported, and Hezbollah said it launched an attack drone at Israeli forces in the south, further straining a ceasefire between the Iran-backed terrorist group and Israel.
The Lebanon ceasefire had been a precondition for Iran agreeing to talks.