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Testimonials

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Sandro Rosell
FC Barcelona President
Sunday, May 28, 2017

Business

Rabbi Gutnick's fortune once totaled $230 million, and now his debts to foreign creditors are in excess of that.

Mining magnate “Diamond” Joe Gutnick, once ranked among the wealthiest men in Australia with a fortune totaling more than $230 million, has declared bankruptcy.

Gutnick, who is an ordained rabbi, made his fortune in gold and diamond mining on the advice of the last Lubavitcher rabbi, the late Rabbi Menachem Mendel Schneerson.

Gutnick declared bankruptcy on July 8, ahead of a court hearing July 11 to hear a petition by his former business partner Indian Farmers Fertilizer Cooperative, or IFFCO, which was seeking to have him declared bankrupt over a $41 million debt. Gutnick lost a legal arbitration decision over the $103 million

Israel’s Mobileye contributes its unique computer-vision and machine-learning technologies to realize the dream of self-driving vehicles

On July 1 in Munich, BMW Group, Intel and Jerusalem-based Mobileye announced that they are joining forces to bring solutions for highly and fully automated driving into series production by 2021.

The BMW iNEXT model will be the foundation for BMW Group’s autonomous driving strategy and will set the basis for fleets of fully autonomous vehicles, not only on

As a result of the deaths of 6 children crushed in tip-over accidents caused by their furniture, Ikea has recalled at least 29 million chests and drawers in the United States. Ikea, the world’s largest furniture seller, is based in Sweden and has been the target of consumer advocates in regards to the safety of its furniture around children as far back as 1989.

The head of the Consumer Product Safety Commission, Elliot F. Kaye gave a dire warning to any owners of such furniture that is

Viacom is the world’s sixth largest broadcasting and cable company, currently based in New York City. Comprised of BET, Viacom Media Networks, and Paramount Pictures, it owns 170 networks total, including CBS, MTV, Comedy Central and Nickelodeon. It recently released the movie Teenage Mutant Ninja Turtles: Out of the Shadows, through Paramount Movie Studios. But the drama behind the scenes for control of the company is every bit as involving as anything the $40 billion media company has seen

Previously this year, Cisco signed deals with Israel’s Bank Hapoalim, storage software startup Elastifile and Leaba Semiconductor.

The California-based multinational networking technology leader Cisco has announced its intent to acquire CloudLock — founded in 2011 by three Israeli military veterans – for $293 million in the first quarter of fiscal year 2017.

CloudLock is a privately held cloud security company based in Massachusetts, with a development center in Tel Aviv. The 150-employee