Financing for Israel’s tech sector takes nosedive
The Cradle | NOvember 21, 2023
Israel’s venture capital (VC) sector has recorded a sharp slowdown since the start of the war between Tel Aviv and Palestinian resistance factions in Gaza.
This sudden slowdown has proven to be a brutal bump in the road for Israel’s tech industry, one of the country’s most important economic sectors, alongside manufacturing and diamond polishing and cutting.
In October, $325 million in funding across 120 deals was invested in Israel’s VC sector. This is a steep drop against the $1 billion in funding across 232 deals just one month prior in September, according to Tel-Aviv-based IVC Research Center.
The drop in VC funding raised anxiety among Israel’s financial elite, as a group of venture capitalists started up a fund to help the crippled tech sector named Iron Nation, which 150 companies have already joined.
“The tech economy is critical to our nation, and we encourage more to join us through investment, donation, or contribution,” said Gil Friedlander, co-founder of the project.
Chemi Peres, the son of former Israeli prime minister and president Shimon Peres, is also a part of the fund. “Some start-up companies that were about to close an investment, they were about to close a deal, everything seemed fine. And then the war broke out,” Shimon Peres said, adding that investors are still around, waiting to see what happens.
“Clearly, there has been some slowdown in new investments being closed since the war. Some slowdowns — but not a total slowdown by any stretch,” Alan Feld, founder of Vintage Investment partners, has said.
Israel’s economy has taken a severe hit since the start of the Al-Aqsa Flood operation, with economists saying that the war has thrown the country into a recession.
No previous war that Israel has fought has affected the Israeli economy in the same way.
The Cradle columnist Kit Klarenberg wrote regarding the successes of Al-Aqsa Flood, “Tel Aviv’s settler-colonial economy, reliant on the subjugation of Palestinians, may be facing a precarious future, possibly marking the next domino to fall in this unfolding scenario.”
With technology being a significant pillar of Israel’s economy, investors are trying to remain hopeful despite the latest drop in VC investments being worse than that of the 2014 war with Gaza.
Raisi Calls on BRICS Leaders to Use Economic, Political Opportunities to Pressure Israel
Sputnik – 21.11.2023
TEHRAN – Iranian President Ebrahim Raisi on Tuesday called on BRICS leaders to use all economic and political opportunities to put pressure on Israel.
Amid escalating horrors in the Gaza Strip during the “second phase” of Israel’s conflict with Hamas, the former has intensified its actions, resulting in a rise in civilian casualties. Iranian President Ebrahim Raisi, in response, has called on BRICS leaders to leverage economic and political avenues to exert pressure on the Israeli government.
“The United States has made all international organizations faceless. Iran wants BRICS members and governments to stand up for security, establish justice and fight racial discrimination in the world, as well as use all their political and economic opportunities and power to exert pressure on Israel and its supporters from Western countries,” Raisi at the BRICS extraordinary summit on the Middle East.
Raisi urged the BRICS countries to recognize the Israeli government as a “terrorist regime.”
“Israel’s continuous attacks on hospitals, medical centers and religious sites, as well as the murder of women and children, doctors, nurses and journalists are acts of terrorism, and it is necessary to recognize the Israeli regime as a terrorist regime and its army as a terrorist organization,” Raisi said.
BRICS countries must adopt a resolution at the UN to stop Israel’s crimes in the Gaza Strip, Raisi said.
Imam Khamenei Urges Muslim Countries to Cut Zionist Regime’s Lifeline
Al-Manar | November 19, 2023
Supreme Leader of the Islamic Revolution Ayatollah Sayyed Ali Khamenei has described the Zionist regime as a manifestation of racial discrimination, urging Muslim countries to cut the lifeline of the Zionist regime of Israel.
Ayatollah Sayyed Ali Khamenei made these remarks during his visit to the IRGC Aerospace Forces exhibition on Sunday.
Ayatollah Khamenei said that Zionists consider themselves to be a superior race and consider the rest of human beings to be inferior, and that is why they have killed thousands of children without any remorse.
He described scientific achievements, such as the ones showcased in the exhibition, to be the result of a motivation based on determination and faith.
Whatever field our young people entered with determination and faith, they have been able to do great jobs, he stressed.
The signs of determination and faith were clearly evident in this exhibition, he stated.
The Supreme Leader of the Islamic Revolution referred to innovation as another feature of the event, saying, “We should not be content with the current level of success because various military and civilian sectors in the world are progressing, and we must try not to stay behind.”
Referring to the developments in Palestine and the continuation of the Zionist regime’s crimes in Gaza, Ayatollah Khamenei said that the developments in Gaza revealed many hidden truths to the people of the world, one of which is the support of the heads of Western countries for racial discrimination.
When the US president, the German chancellor, the French president, and the British prime minister aid and abet such a racist regime, it means that they support racial discrimination as the most detestable issue in the world, he noted.
The people of Europe and America should clarify their stance on this situation and show that they are not in favor of racial discrimination, he stressed.
Despite extensive bombings in Gaza, the Zionist regime has failed to achieve its goal of destroying Hamas and the resistance, even after more than 40 days of using all their military power, he stated.
Ayatollah Khamenei described the brutal bombing of hospitals and women and children in Gaza as a sign of the extreme frustration of the Zionist regime’s leader about their defeat, saying that the defeat of the Zionist regime in Gaza is a fact and entering hospitals or people’s houses is not a victory.
Victory means defeating the other party, which the Zionist regime has not been able to achieve so far and will not be able to in the future, he reiterated.
Some Islamic governments apparently condemned the Zionist regime’s crimes in public gatherings, he said adding that some others have not done so yet, which is not acceptable.
He urged Islamic countries to stop exporting energy and goods to the Zionist regime and to cut off their political relationship with the Zionist regime, at least for a limited period.
Yemeni Military Spokesman Warns: All Types of Israeli Ships Will Be Under Fire
Al-Manar | November 19, 2023
In the context of the major support provided by the Yemeni people and armed forces to the Palestinian people and resistance against the Israeli barbaric war on Gaza, the military spokesman General Yahya Sarea warned that all the types of the Israeli ships will be struck by the Yemeni missiles.
In light of the religious, national, and ethical responsibilities and considering the heinous Israeli-American aggression against the Gaza Strip, characterized by daily massacres and genocidal acts, and in response to the demands of the Yemeni people and the aspirations of free nations to aid our oppressed brethren in Gaza, General Sarea said in a statement..
The statement added that the Yemeni Armed Forces declare their intention to target all types of ships as follows:
1. Ships carrying the flag of the Zionist entity.
2. Ships operated by Israeli companies.
3. Ships owned by Israeli companies.
According to the statement, the Yemeni Armed Forces also call upon all countries of the world to:
A. Withdraw their citizens working within the crews of these ships.
B. Avoid shipping goods aboard these ships or engaging in transactions with them.
C. Notify your vessels to stay away from these ships.
Leader of Yemen’s Ansarullah Movement Abdul Malik Badreddine Al-Houthi on Tuesday announced that Yemeni forces would intensify attacks on Israeli targets in occupied Palestine, stating intention to target Israeli ships in the Red Sea and the Bab al-Mandeb Strait.
The Yemeni Armed Forces announced the launch of multiple ballistic missiles targeting strategic locations of the Zionist entity in the southern part of the occupied territories. The strikes included military targets in the Um Al-Rashrash area, ‘Eilat’.
Yemeni naval forces seize Israeli-linked vessel

The Cradle | November 19, 2023
Fifty-two crew members on an Israeli-linked ship in the Red Sea were detained by Yemeni naval forces who intercepted and seized the vessel on 19 October, sources told Al-Mayadeen.
An official Yemeni source confirmed to the outlet that the news is true.
Saudi media also reported that Yemeni forces seized the Israeli-linked Galaxy Leader vessel. According to Hebrew media reports, the ship is owned by a British company owned by Israeli businessman Abraham Unger, who goes by the name ‘Rami.’
In an official statement, the Israeli army described the incident as “very serious” and clarified that the ship was not Israeli:
“The ship departed from Turkiye on its way to India, staffed by civilians of various nationalities, not including Israelis.”
The Yemeni army is expected to release a statement later on Sunday.
Yemen’s Armed Forces, allied with the Ansarallah resistance movement, had announced earlier in a statement on 19 November that they would target all vessels associated with Israel in the Red Sea.
“To provide relief to our oppressed people in Gaza,” the armed forces announced, “they will target … ships carrying the flag of the Zionist entity, ships operated by Israeli companies, ships owned by Israeli companies.”
The Yemeni statement also calls on “all countries of the world to withdraw citizens working on the crews of these ships,” to “avoid shipping on or handling these vessels,” and to “inform ships to stay away from these vessels.”
This is not the first statement issued by Ansarallah and the Yemeni army vowing to attack Israeli-linked vessels in the Red Sea.
Less than one week ago, Ansarallah leader Abdel Malik al-Houthi said that “eyes are open,” and vowed to “monitor and locate Israeli ships in the Red Sea.”
“We will continue to plan for additional operations. We can’t stop,” he said, adding that “we will not hesitate to target” Israeli-linked ships.
The Yemeni resistance has been carrying out frequent drone and missile attacks against Israel, which it began last month in solidarity with the Palestinian resistance in Gaza.
In response, the Israeli army has deployed warships to the Red Sea.
According to Hebrew media reports, some of these attacks have been intercepted by Saudi Arabia and Jordan.
Nonetheless, Yemen has vowed to continue attacking Israel.
The Prime Minister of Yemen’s National Salvation Government (NSG), Abdulaziz bin Habtour, said on 10 November that Sanaa will continue to conduct attacks on Israel for as long as the ethnic cleansing campaign of Gaza continues.
Bin Habtour added that the attacks will continue despite possible setbacks to peace talks with the Saudi-led coalition in Yemen, as fighting for Palestine is “a sacred duty for every Muslim and Arab.”
The Sanaa government has also decided to ban all US-made goods and those produced by international companies that support Israel’s occupation of Palestine.
Germany’s Energy Woes Spark ‘Deindustrialization on Considerable Scale’
By Chimausem Nwosu – Sputnik – 15.11.2023
Germany’s automotive, mechanical engineering, and industrial goods companies are prioritizing moving less complex processes overseas to secure their business futures. Berlin’s chances of reversing such a trend are in doubt, as companies have expressed disappointment in the current government’s actions to forestall their departure.
Consultancy firm Deloitte reports that two out of three German companies have partially relocated their operations abroad due to ongoing energy issues in Germany.
Previous reports indicated that nearly half of the country’s small-to-midsized companies were considering moving abroad or ceasing operations. According to Deloitte, 67 percent of German companies have moved some operations abroad, and every third industrial company plans to relocate high-quality areas such as production and preassembly.
Investments in infrastructure, digitalization, and cost-effective energy pricing are essential for securing business locations. The situation is particularly acute in Germany’s mechanical engineering, industrial goods, and automotive sectors, where 69 percent of companies report moderate to large-scale relocation.
Currently, companies are primarily moving less complex aspects like component manufacturing abroad. Florian Ploner, a partner at Deloitte and industry sector expert, remarked, “Deindustrialization is already taking place on a considerable scale here. If the general conditions remain the same, it is very likely that more companies will follow and more and more important parts of the value creation will migrate.”
When considering relocation, one-third of respondents focus on high-value areas like general production (33 percent) and preassembly (34 percent). Currently, companies are relocating evenly across the EU, Asia, and the US, with only 10 percent of companies planning to move to other Asian countries and eight percent considering returning to Europe from Asia.
Germany’s prospects for reversing this trend seem slim. Companies suggest that increased subsidies and reduced bureaucracy might encourage them to stay, but they have little faith in the current government’s actions to prevent their departure. While this trend concerns Berlin, it offers some positives for Brussels, as companies plan to move their manufacturing processes within the European Union.
From the companies’ perspective, reducing bureaucracy and ensuring competitive energy prices are practical measures to enhance location attractiveness, with 69 percent in favor. In contrast, state support for key technologies (45 percent) or simplified immigration of qualified specialists (43 percent) are less critical.
Dr. Jurgen Sandau, a Deloitte partner and supply chain expert, notes that, “The pressure on companies is enormous… Nevertheless, a hasty move rarely makes sense. Companies in this country are well advised to make their capacities flexible over the next five years with the help of platforms and networks. After all, factors such as legal certainty and stability in Germany as a business location are essential for entrepreneurial success.”
Companies not currently relocating are focusing on alternative suppliers and expanding multisourcing. They rely on comprehensive supplier management, collaboration, cross-supply chain data exchange, and risk analyses.
Meanwhile, it should be recalled that the government led by Olaf Scholz, in coordination with the EU and the US, has imposed sanctions on Russia since 2022 due to the ongoing conflict in Ukraine. This action prompted the German government to cease purchasing Russian energy, which had been the bedrock of its industrial boom. The sanctions also exacerbated the fuel crisis worldwide, with Europe becoming its primary victim.
The situation further deteriorated after the sabotage of the Nord Stream pipeline system, built to provide gas from Russia to Europe, allowing German industry to use cheap energy.
In addition, the future of European industrial companies is even more bleak considering the US course towards protectionism. The US Inflation Reduction Act, which provides massive subsidies to US businesses in a bid to concentrate manufacturing sites in North America, caused major concerns in the EU, with French President Emmanuel Macron saying it may lead to the deindustrialization of Europe.
Biden signs funding bill that excludes Ukraine
RT | November 17, 2023
US President Joe Biden signed a stopgap spending bill into law on Thursday, averting a looming government shutdown. The limited appropriation of funds, which omitted aid to Ukraine, passed the Senate on Wednesday.
The legislation was proposed by House Speaker Mike Johnson, a Republican, who relied on Democrats to push it through the chamber despite the objections of the more conservative wing of his party. The Democrat-controlled Senate passed the bill in a 87-11 vote the next day.
The stopgap bill did not include spending on hot-button issues, such as abortion, border security and foreign aid – for Ukraine, Israel or any other nation. Instead, it focused on keeping government departments operational at their current level. The two-tier plan provides funding through January 19 and February 2, depending on the agency. The shutdown deadline would have arrived at midnight on Friday.
“Because of bipartisan cooperation, we are keeping the government open without any poison pills or harmful cuts to vital programs – a great outcome for the American people,” Majority Leader Chuck Schumer said after he and his fellow senators voted on the bill.
The Ukraine aid issue contributed to US political turmoil in September, which resulted in the unprecedented ouster of Johnson’s predecessor, Kevin McCarthy. Opponents of Biden’s Ukraine policy accused the then-speaker of striking a secret deal with the White House to ensure that Kiev would eventually get the money.
Some Republicans want a revision of Ukraine assistance, arguing that it lacks transparency and that other US priorities are more important than propping up the Ukrainian government.
Johnson previously drew the anger of the White House when he refused Biden’s request to bundle Ukraine aid with assistance to Israel and Taiwan and domestic security and emergency relief spending. Senior US officials have warned that without American help, Kiev may soon lose in the conflict with Moscow.
The new speaker framed the bill as the last one he would agree to and a prelude to a major clash with the Senate over the US budget for 2024.
Republican critics of the bill said Johnson made a mistake by allying with the Democrats, but agreed to cut him some slack during his “honeymoon” period in the post. The lawmaker was elected speaker three weeks ago, after a tense impasse, as GOP representatives could not agree on a replacement for McCarthy.
EU tells Moldova to sanction Russia
RT | November 14, 2023
The European Union expects Moldova to fully implement sanctions against Russia in order to demonstrate “European values,” the bloc’s ambassador in the former Soviet republic said on Tuesday.
If Chisinau truly wants to join the EU some day, it needs to implement all of the bloc’s laws, rules and regulations – as well as foreign policy, Ambassador Janis Mazeiks said in an interview for the Moldovan channel TV8.
“Sanctions are not introduced just like that. For each of them, there was a reason why it was introduced,” the Latvian diplomat who represents Brussels told host Anatoly Golya in the Russian-language broadcast. “Therefore, we expect those countries that want to join the EU to gradually increase their adherence to sanctions.”
Mazeiks was addressing Golya’s claim that Moldova was already 78% in compliance with the bloc’s embargo on Russia, introduced to support Kiev in the Ukraine conflict.
“I hope this percentage will increase, as we look at the Republic of Moldova as a future EU member,” the diplomat said, adding that it was important for Brussels to see the implementation of all EU laws and regulations, “including joining the EU sanctions, since this is also a manifestation of our values.”
Moldova, which is located between Romania and Ukraine, became an independent state in 1991. Its government has been pushing for EU and NATO membership since 2020, going so far as to ban critics and ask Brussels to sanction those opposed.
The policies of President Maia Sandu defy the wishes of the Moldovan people, Russian Security Council Secretary Nikolay Patrushev warned last week, accusing the government in Chisinau of “Romanianization, rejection of sovereignty and national identity,” and making Moldova “a new victim of the Western colonialist policy.”
Sandu’s Party of Action and Solidarity (PAS) faced backlash in the local elections earlier this month, losing almost all major cities and Chisinau itself. The party’s deputy chairman insisted that the “pro-European choice has won confidently across the whole country,” however.
Banning the AfD would be dangerous for democracy, says hard-left firebrand Wagenknecht
BY THOMAS BROOKE | REMIX NEWS | NOVEMBER 14, 2023
The right-wing populist Alternative for Germany (AfD) party has found an unlikely defender in Sahra Wagenknecht, the hard-left firebrand nationalist who called moves by establishment politicians to ban the increasingly popular party “completely wrong” and dangerous for democracy.
In an interview published on Sunday with the ARD broadcaster, Wagenknecht insisted that attempts to suppress political adversaries with unconstitutional bans are contradictory to Germany’s democratic principles.
“I think the call for a ban on the AfD is completely wrong, and I find the discussion about it dangerous. Banning unpopular parties because they are becoming too strong is incompatible with a free society,” she told viewers.
The former Die Linke leader, who recently split from her old left-wing party to form a new political group, BSW — For Reason and Justice, called for unsavory parties to be beaten on the political battlefield and their ideas challenged, rather than martyring them and creating further civil unrest among an increasingly disillusioned electorate.
Wagenknecht added that she hoped her new party could win around voters thinking of supporting the AfD based on its policies, instead of simply eradicating the opposition.
“I will be happy if AfD voters choose us in the future because they find our offer more serious and convincing,” she told the broadcaster.
Wagenknecht’s new political outfit shares the same view as the AfD when it comes to uncontrolled mass migration and calls for greater restrictions on newcomers to the country. The left-wing politician even praised her political competition for bringing the issue of mass migration to the forefront of the political debate in Germany.
“Because (the AfD) has become stronger, the question of ‘How do we reduce uncontrolled migration’ has finally arrived in politics,” she said.
Wagenknecht revealed her belief that the longstanding pro-migration policies of her previous party, Die Linke, would struggle to resonate with an electorate becoming increasingly more socially conservative on the issue, and expressed her desire for the party to change course and “find itself” once more.
There is no political desire for a party that advocates “open borders, the right to stay for everyone, and radical climate activism,” she claimed.
On this point, the former communist reserved unlikely praise for Hungarian Prime Minister Viktor Orbán, who she claimed was right to stand up for the interests of his own citizens, even if she disagrees with him politically.
“I don’t have to like Orbán to say that what he’s doing is wiser in terms of the interests of his country,” she said.
Orbán has been a staunch opponent of Brussels’ proposed migration pact, which would see EU member states obliged to receive migrant quotas or face financial penalties for non-compliance. He has remained opposed to the continuous funding of the Ukraine war and is a long-standing advocate for peace in the region.
His administration has continued to import Russian gas and oil despite protestations from Brussels and recently became the first EU leader to shake hands with Russian President Vladimir Putin since Moscow’s invasion of eastern Ukraine in February last year as he attempts to navigate a peaceful solution to the ongoing conflict.
EU retail giant explains ‘mislabelling’ Israeli products
RT | November 14, 2023
Lidl supermarkets have come under fire in France for allegedly trying to disguise the origin of products from Israel, local media reported over the weekend.
According to the reports, French netizens have spotted Lidl labeling Israeli avocados and pomegranates as being of African or even Spanish origin. A number of users posted photos featuring the products and their labels, both the original and those added by the store, on X (former Twitter) as proof of the misrepresentation, calling the situation “a scandal at Lidl.”
“The item is supposed to come from Morocco according to its label, but after examining it, it turns out that the real origin is Israel,” wrote one user.
“Same thing [happened to me] this morning at the Lidl in Vallauris – avocados from Morocco on the store label, and on the avocado, an Israeli label… I think there are plenty of stores doing this to sell their stocks,” another X user recounted. Similar discrepancies have also reportedly been sighted in Auchan and Carrefour stores.
Commenting on the reports, Schwarz Group, which owns Lidl stores, said that the supposedly intentional mislabeling was nothing more than “a display error, due to the fact that we regularly have avocados and pomegranates from different sources on the shelves.”
While some alleged instances of mislabeling predated the Israel-Hamas conflict, their number reportedly surged when the hostilities began in early October and calls from pro-Palestinian activists to boycott Israel-linked goods became more frequent. Some users believe that these calls prompted the stores to intentionally misrepresent products of Israeli origin so that customers would continue to buy them.
“In view of the recent events in the Middle East, we are dismayed by what is hap-pening [in our stores] and are observing the situation with great concern. Schwarz Group companies reject all forms of violence. Our thoughts are with the victims of the conflict,” the company’s press service told the news outlet.
According to the news outlet Actu Strasbourg, France’s Directorate General for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) has been aware of the complaints and is currently investigating the situation.
“These incidents were the subject of a small number of reports to our services, spread over several months. These, like any consumer report, are taken into account by DGCCRF investigators,” the organization told the news outlet.
“Too Favored to Fail:” Taxpayers Bailout Biden’s Green Friends
By Larry Behrens | RealClear Energy | November 06, 2023
While America struggles to buy groceries, President Joe Biden has a green slush fund worth billions of dollars, and he’s not afraid to use it.
Recent revelations uncovered that the CEO and lobbyists of Rivian, an electric vehicle manufacturer, held a quiet meeting at the White House with Biden’s Climate Czar, John Podesta. That’s right, the same John Podesta who served as chairman of Hillary Clinton’s ill-fated 2016 presidential campaign before being pulled from the ranks of profitable green consulting to oversee distribution of $369 billion from the Inflation Reduction Act (IRA). Biden selected a political operative with green company ties to dole out the goodies from one of the largest slush funds in history. Now green CEOs who are hemorrhaging cash are beating a path to his White House office, presumedly with hat in hand.
According to media reports, Rivian is deep in the red. Last year, they lost $6.8 billion. In 2021, it was $4.7 billion, which is in addition to the $1 billion lost in 2020. These massive losses happened as EV manufacturers enjoyed large subsidies both to build and sell their vehicles. In fact, President Biden went out of his way to praise Rivian in early 2022, even though their stock had already lost half its value on its way to losing 87% of its value since 2021. Losing over $12 billion in less than three years would normally be a problem in the business world, but in the upside-down reality of Biden’s green agenda, that gets you a meeting at the White House.
Tax dollars are flowing from the IRA so quickly that the Department of Energy’s Inspector General (IG) may be running out of adjectives. Earlier this month in testimony before the Senate, the IG said, “the current situation brings tremendous risk to the taxpayers.” Red flags about American dollars flowing to foreign companies or just being wasted here at home are going up, yet according to budget watchdogs, their concerns are met with deaf ears by senior Biden Administration officials. The IG notes there were “billions and billions of dollars lost or stolen” from federal Covid funds, and Biden’s slush fund is even bigger. To put it bluntly, the green vault is wide open and the grifters are lining up.
Here’s a particular galling example. One little known aspect of the IRA are so-called “green banks.” For greenies, the scheme is simple: regular banks will not fund their boondoggles, so they need a taxpayer backed entity to dole out cash. Unlike regular banks, these green banks do not need to make a profit to stay afloat because the government is their funder.
New Mexico Governor Michelle Lujan Grisham was caught trying to set up a green bank without the trouble of going through the elected legislature. The board of the bank will be green non-profits who will be in charge because as the New Mexico climate czar put it, “We’re talking about hundreds of millions of dollars… This greenhouse gas reduction fund is a remarkable little beast.” Recently, Grisham announced the green bank anyway. The slush fund is open for business, and everyone has their hand out.
Congress is watching the “green bank” scheme because they know it is ripe for abuse. The problem is clear: The White House put a political operative in charge of what is nothing more than a political fund. For Barack Obama, they were too big to fail, but Joe Biden is taking it further. When it comes to his failed agenda, his green boondoggles are “too favored to fail.”
Larry Behrens is the Communications Director for Power The Future and is the author of the book, “Sabotage: How Joe Biden Surrendered American Energy Independence.”
