Israel’s port of Eilat has called on the government to provide it with financial assistance as it has been inactive since the occupation state launched its latest war on Gaza.

In a meeting with the Knesset’s Economic Affairs Committee on Sunday, CEO of the Port of Eilat, Gideon Golber, said: “The port has been non-operational for eight months due to attacks, meaning it has no revenue.”

Ships heading to Eilat have been unable to access the Red Sea as a result of Yemen’s Houthis, who have vowed to strike Israel-linked vessels in support of Palestinians in Gaza.

Umm Al-Rashrash (Eilat) has also come under missile and drone attacks from Yemen.

In December, Golber said that there had been an 85 per cent decline in operations since the Yemeni Armed Forces (YAF) initiated attacks on ships in the Red Sea. He indicated at the time that Eilat Port might need to temporarily lay off employees if the situation persisted.

In March, port management announced that it intended to fire half of the 120 employees as a result of the drop in its operation levels.

Eilat, which primarily handles car imports and potash exports coming from the Dead Sea, pales in size compared to Israel’s Mediterranean ports in Haifa and Ashdod, which handle nearly all the country’s trade.

"In total, GoDigital Media Group is closing 21 Bob’s locations in Massachusetts, Connecticut, New Hampshire, Rhode Island, New York, and New Jersey as part of the Chapter 11 restructuring petition that was filed in June."

WaPo gift article, no paywall

a whole ass JV just to remake Cookie Crisp

cross-posted from: https://discuss.tchncs.de/post/18127978

informed employees of the filing late Friday [...] that it had filed for a debtor-in-possession loan — a way for companies that are reorganizing after filing for bankruptcy to secure additional working capital to meet payroll. [...] employees have been waiting for paychecks since June 21st [...] it’s not certain that the company will be able to secure such a loan.

Chicken Soup took on $325 million in debt when it acquired Redbox in 2022 and has since been sued over a dozen times over unpaid bills.

Former Israeli Prime Minister Naftali Bennett yesterday called on Israelis not to leave Israel, “which is going through its most difficult times since 1948”.

“We are in the most difficult period since the War of Independence: Change in the war, international boycotts, damage to deterrence, 120 Israelis in captivity, thousands of bereaved families, a deserted Galilee, thousands of evacuees, ministers who only care about themselves, loss of control over the economy and the deficit,” he wrote in a post on X after saying that he was “very sad” to hear a software engineer he knew was moving to Europe.

While there is no official data on the number of Israelis who have left since the beginning of the war on the Gaza Strip in October 2023, the Hebrew news website the Times of Israel said on Sunday that more than half a million Israelis left and did not return in the first six months of the war.