Porsche to Invest in Israeli Auto-Tech Industry

German automaker Porsche announced on Thursday it will invest tens of millions of euros in Israeli auto-tech startups, following a trend by US automakers including Ford Motor Co. and high-tech firms like Intel heavily buying into Israel’s emerging self-driving car market.

Porsche

Israel Defense Sales on Upward Trend

TEL AVIV, Israel — Israel’s Defense Ministry reported Wednesday that Israeli firms signed $6.5 billion in new export contracts for 2016, an $800 million rise above previous-year levels and an indication of an upward trend after a disappointing $5.6 billion in 2014.

defense

Well-Heeled Flock to Israeli Designer Footwear

Israeli designer Kobi Levi’s psychedelic shoes resemble everything from banana skins to sex acts, flamingos and stretching cats — and they are all the rage among well-heeled stars like Lady Gaga.

AFP
ecording artist Lady Gaga performs for students as part of the national It's On Us Week of Action with U.S. Vice President Joe Biden at the Cox Pavilion at UNLV on April 7, 2016 in Las Vegas, Nevada. The It's On Us initiative was launched by the White House in …