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PayPal lays off nearly a fourth of its employees in Israel

The layoffs are part of PayPal's global plan to accelerate the use of AI in the company's operations, cutting a fifth of its workforce, with 60 to 75 employees in Israel set to be affected

PayPal lays off nearly a fourth of its employees in Israel

We haven't written up this one. Haaretz has the full story — the link below goes straight to it.

Read the original at haaretz.com →

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Panstar Akro Enters Arctic Waters After Busan Departure

Nine days after leaving Busan New Port, a domestic container ship opened the Arctic Ocean waterway for the first time in history.

  • Panstar Akro enters Arctic waters on Aug. 31, first by domestic ship
  • Ship navigates through Bering Sea on Aug. 30, then Arctic Ocean
  • Vessel expected to reach UK port Sep. 14 after Arctic passage

Hanwha K9 Gains First Western Europe Order

Hanwha Aerospace has secured a foothold for entering the Western European market by signing an export contract for the K9 self-propelled howitzer with Spanish defense company Indra Sistemas.

  • Hanwha Aerospace secures first Western Europe order for K9 SPH.
  • Deal with Spanish defense company Indra Sistemas announced on August 31.
  • Contract value exceeds 667.5 million USD, signaling market entry.

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