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Tel Aviv will host INNONATION: China-Israel Investment Summit on September 24th to September 26th, 2016. The event follows the success of the first China-Israel Technology, Innovation & Investment Summit which was held in January 2016 in Beijing. The binational joint conference, which is supported by the governments of China and Israel, will take place at the David Intercontinental Hotel in Tel Aviv, in parallel to the DLD Innovation Festival, which will be held in Tel Aviv around the same dates.
The INNONATION Summit will host more than 1,000 strategic players and investors from China, together with 500 Israeli high tech companies. The summit is open for entrepreneurs and companies in various fields, primarily Smart Cities; Medical
After an 11 year legal fight, 91 year old Hank Greenberg, former head of American Insurance Group, will face trial for supposedly orchestrating false transactions at the major New York-based insurance company. The fraud case was first initiated in 2005 by then New York Attorney General Eliot Spitzer. At its center is a transaction with General Re, part of Warren Buffett's Berkshire Hathaway. The suit in New York City accuses Mr. Greenberg of arranging a $500 million transaction that increased
VW's strategic investment in Israeli ride-hailing app comes on heels of Toyota's investment in Uber, General Motors outlay into Lyft.
Auto giant Volkswagen has announced a $300 million investment into Israeli ride-hailing startup Gett (formerly Get Taxi). The strategic investment comes on the heels of Toyota’s announcement of an undisclosed sum in US ride-hailing app, Uber.
In January, General Motors injected $500 million into Lyft, another US ride-hailing app.
VW wants “to go beyond
Billionaire Republican megadonors expected to be hit by ruling demanding they hand their winnings back - will it matter politically?
Billionaire brothers Charles and David Koch were among the few who invested in Bernie Madoff’s Ponzi scheme and won.
Now, the Republican megadonors may have to return that money. An important ruling is expected in coming weeks on a lawsuit demanding they give back the $21.5 million they made on their investment. Whether the lawsuit will mean anything
Company spending $1 billion on ride-hailing app linked to government
The U.S. technology company Apple, Inc. is spending $1 billion in China on a ride-hailing application, and the investment is raising concerns among security analysts who say the company will be cooperating with Chinese security and intelligence agencies after spurning the U.S. government in a recent terrorism case.
Apple announced May 12 it would put $1 billion into Didi Chuxing Technology Co., a company that is competing