Israel’s failure to cap a surge in housing prices threatens to add a new drag on an already slowing economy.
Seven decades ago, Gil Mincberg’s grandmother immigrated to Israel after surviving Nazi persecution. Two generations later, Mincberg has left the Jewish state -- for the capital of Germany.
Women cradle newborn babies in their arms and dangle soft toys in front of older infants on colorful mattresses, all in a room in a Tel Aviv high-rise strewn with strollers and oversized bean bags.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
The European Commission raised its Dutch economic forecasts for this year and next year because of increased investments and rising household consumption.
Israeli consumer prices fell more than analysts expected in January as a drop in owner-occupied housing costs led price declines in almost all index categories.
Indonesia’s economic growth unexpectedly quickened last quarter after an export rebound, an acceleration that may be short-lived as higher interest rates weigh on domestic consumption and investment.
Turkey and Israel may soon renew diplomatic ties, suspended after Israeli commandos killed nine Turks in a raid on a Gaza Strip-bound flotilla, Turkish Foreign Minister Ahmet Davutoglu said.
The Dutch economy is poised to improve after house prices stopped declining and consumer confidence rose, Dutch Central Bank President Klaas Knot said.
Israeli exporters must adjust to the stronger shekel because the country’s policy makers have limited options to rein it in, Prime Minister Benjamin Netanyahu said.