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FM Ashkenazi meets with Cypriot FM Nikos Christodoulides

FM Ashkenazi meets with Cypriot FM …

FM Ashkenazi: Israel and ...

MFA hosts virtual conference on digital diplomacy during the corona crisis

MFA hosts virtual conference on dig…

Some 150 participants wil...

PM Netanyahu chairs Corona Cabinet meeting

PM Netanyahu chairs Corona Cabinet …

The goal of the policy is...

Israel marks Memorial Day for the fallen soldiers and victims of terrorism

Israel marks Memorial Day for the f…

Remembrance Day, Yom Hazi...

President Rivlin and FM Katz host reception for the diplomatic and consular corps in Israel

President Rivlin and FM Katz host r…

President Rivlin: Althoug...

Special Holy Fire ceremony held during the coronavirus outbreak

Special Holy Fire ceremony held dur…

The traditional Holy Fire...

PM Netanyahu addresses the ceremony marking Holocaust Martyrs' and Heroes' Remembrance Day

PM Netanyahu addresses the ceremony…

Prime Minister Benjamin N...

Holocaust Martyrs' and Heroes' Remembrance Day 20-21 April 2020

Holocaust Martyrs' and Heroes' Reme…

The official Opening Cere...

Briefing for foreign ambassadors on Coronavirus management and cooperation with the Palestinians

Briefing for foreign ambassadors on…

During the briefing, the ...

Yad L'Achim Opens Hotline for Assistance from Experienced Psychologists, Social Workers

Yad L'Achim Opens Hotline for Assis…

Confused? Under Pressure?...

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G20 Nations Pledge to Boost Global Economy

VOA NewsLeaders of the G-20, representing the world's largest advanced and developing economies, adopted a plan to boost global economic growth by more than $2 trillion over five years, by investing in infrastructure and increasing free trade.As the G-20 summit ended Sunday in Brisbane, the international leaders also pledged cooperation for strong action against climate change and support for an international response to the Ebola breakout in West Africa.U.S. President Barack Obama said policies adopted by the G-20 could add 100 million jobs for women over the next decade and stiffen regulation of global corporations.Australian Prime Minister Tony Abbott said…
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Obama Urges Renewal of US Export-Import Bank

VOA News, U.S. President Barack Obama says more small businesses than ever are selling their products aboard, but that could all change unless Congress takes action.The president said Saturday in his weekly address that unless Congress renews the charter of the U.S. Export-Import Bank, nearly 300,000 businesses could lose their international markets. The bank provides loans, loan guarantees and credit insurance to foreign buyers of U.S. products. He said lawmakers have reauthorized the charter 16 times because the bank works and pays for itself.Some Republicans lawmakers who supported the bank in the past, now want to put it out of business.…
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US Economy Advanced Faster at End of 2013

VOA NewsThe U.S. economy grew slightly faster than first thought to end last year.The Commerce Department reported Thursday the American economy, the world's largest, advanced 2.6 percent in the October-to-December period, up from an earlier estimate of 2.4 percent. The agency said consumer spending, which accounts for 70 percent of the U.S. economy, rose at its fastest pace in three years.But fourth quarter growth was slower than the 4.1 percent growth in the July-September quarter. Analysts say the economy likely slowed even further in the first three months this year, perhaps to two percent.The U.S. economy has been buffeted by…
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US Economic Growth Slower Than First Thought

VOA News, The U.S. economy grew more slowly than first thought in the last few months of 2013.Friday's report from the Commerce Department says the world's largest economy expanded at an annual rate of 2.4 percent in October, November and December.That is eight-tenths of a percent slower than a preliminary estimate published one month ago. Officials routinely revise the figures on gross domestic product expansion as more complete data becomes available.Government experts say the latest figures show disappointing retail sales and a less favorable picture of trade and inventories than initially thought.Federal Reserve Chair Janet Yellen said Thursday that foul winter…
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Analysts: Rich, Poor Far Apart in US

VOA News, Carolyn PresuttiVOA News, WASHINGTON — Many analysts agree there is a wide economic divide in the United States between the destitute and the wealthy. And they say it's not getting any better. But there are differing opinions about what led the country to this divide, and whether President Obama can do anything to close the gap, as he suggested in his State of the Union address Tuesday.Ameyah doesn’t understand why her mother has to pay bills.But Tiffany Beroid can think of little else as she struggles to make ends meet. She works part-time, making minimum wage at Walmart.…
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Free movement of people: five actions to benefit citizens, growth and employment in the EU

The joint responsibility of Member States and the EU institutions to uphold EU citizens' rights to live and work in another EU country is underlined in a policy paper just adopted by the European Commission. To support Member States' efforts to do so, the Commission's paper outlines five concrete actions to strengthen the right to free movement, while helping Member States to reap the positive benefits it brings. The policy paper clarifies EU citizens' rights to free movement and access to social benefits, and addresses the concerns raised by some Member States in relation to the challenges that migration flows…
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Tackling Tax Avoidance: Commission tightens key EU corporate tax rules

Today the Commission proposed amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will close loopholes in the Parent-Subsidiary Directive, which some companies have been using to escape taxation. In particular, companies will no longer be able to exploit differences in the way intra-group payments are taxed across the EU to avoid paying any tax at all. The result will be that the Parent-Subsidiary Directive can continue to ensure a level-playing field for honest businesses in the Single Market without opening opportunities for aggressive tax planning. Today's proposal was foreseen in…
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Blackberry Abandons Plan to Sell Company

VOA, BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday. Shares of BlackBerry dropped 16.3 percent to $6.50 in premarket trading. The company said it would raise the money with a private placement of convertible debentures. John Chen will be appointed executive chairman and will be interim CEO while the company looks for a new leader. He is the former CEO of Sybase, a database software company that SAP AG acquired in 2010. Chen…
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Dr. Karnit Flug appointed Bank of Israel Governor

​Prime Minister Netanyahu and Finance Minister Lapid have decided to appoint Dr. Karnit Flug as Governor of the Bank of Israel Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid decided to appoint Dr. Karnit Flug as Governor of the Bank of Israel. Prime Minister Netanyahu and Finance Minister Lapid said, "We have been impressed by Dr. Flug's performance as Acting Governor in recent months and we are certain that she will continue to assist us in moving the Israeli economy to additional achievements in the face of the global economic upheaval."
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