Landa Digital Printing, the Israel-based developer of Nanographic digital printing technology, has filed for court protection as it grapples with significant financial challenges, Label & Narrow Web reported. According to reports in Israeli media, including tech news outlet Ctech, the company is burdened with approximately $516 million in debt and has encountered a critical cash flow shortfall following the abrupt withdrawal of shareholder funding. The move comes after years of heavy investment and limited commercial return.
In their fourth day of fighting, with no end in sight, ripples from the Israeli-Iranian conflict are beginning to rock global supply chains, Bloomberg News reported. Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes as they assess the risks, fueling concerns over export flows from the region. The stability of shipping in and around the Middle East will be closely watched by markets in coming weeks.
Shelly Lotan’s food-tech start-up in northern Israel was just a year old when Hezbollah started firing missiles across the border last October and the government advised everyone in the area to evacuate, The Washington Post reported. Two of her five employees were called up to serve in the military. Those that remained moved the company’s office to one of her employee’s parents’ basement. Investments slowed to a trickle.