The company develops AI technology for analysing maritime risks by providing real-time data, and mapping and analysing shipping traffic data.
Israel's Property and Building Corp said on Sunday it agreed to sell the HSBC Tower building in midtown Manhattan for $855 million to New York-based real estate firm Innovo Property Group, recording a net loss of $45 million. The Israeli company, which is 63% owned by Discount Investment Corp, said it had also sold property in Israel for 390 million shekels ($123 million). Doron Cohen, chief executive of both Property and Building and Discount, said management was focusing on income-producing properties in Israel and that the amount it was receiving from both transactions would allow it to advance this policy.
EU regulators fine Barclays (BCS), Credit Suisse (CS), HSBC and NatWest (NWG) for rigging foreign exchange markets. Since UBS Group (UBS) has revealed the misconduct, it has been saved from the fine.