BUSINESSJun 3 · 18:57 UTCTIMES OF ISRAEL

Smotrich instructs ministry to build task force to help tech firms with shekel surge

Smotrich instructs the Finance Ministry to establish a task force to assist tech firms amid a shekel surge causing mass layoffs. Government officials confirm they will not directly intervene to stabilize the currency but aim to mitigate damage.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

SmotrichpersonFinance Ministryorganizationtech firmstopicshekel surgetopicmass layoffstopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSMay 28 · 21:22 UTC
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry
BUSINESSMay 25 · 18:57 UTC
Bank of Israel cuts borrowing costs, while flagging geopolitical risks
POLITICSMay 6 · 11:03 UTC
Red alert for British jobs cull as minister admits Trump's Middle East crisis will batter the economy
SECURITYJun 3 · 15:55 UTC
US tells Europe, Canada to boost NATO air and naval forces
SECURITYMay 27 · 19:47 UTC
Russia to task bankers with shooting down Ukrainian drones
BUSINESSMay 28 · 16:23 UTC
EU wants crisis powers to seize control of chip supplies