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An online shopping center for the world
19 Oct 2010
With an Israeli-developed technology you simply pull out your credit card and shop all over the US from the comfort of your home.
Israelis love to shop. In fact, many take 'shopping vacations' to the US and Europe timed to coincide with the end-of-season sales in major department stores. So it comes as no surprise that a new online shopping center was developed by Israelis. Now they – and folks around the world – don't have to travel to New York to load up on bargains. They simply pull out their credit cards, click on the FiftyOne website (www.fiftyone.com...), and shop till they drop, from home.
For years, very few American companies sold over the Internet to retail customers outside the country. Not because they didn't want to, says Mike DeSimone, CEO of FiftyOne, but because there were just too many obstacles – like ensuring secure credit card transactions, converting currencies, complying with import laws, and paying duties. Although retailers knew there were profits to be made, they preferred to avoid the extra hassles that international sales and shipping involved.
Originally, FiftyOne's vision for international commerce was far more modest. The company was first founded in 1999, when it was known as e4X, and its purpose was to enable businesses to easily convert currencies, to make international trade smoother. Israeli serial startup entrepreneur Yuval Tal started e4X. Tal is now founder and CEO of Payoneer, that markets and services prepaid MasterCards.
Ireland cancels munitions deal with Israel for forging Irish passports used in the Mabhouh assassination
On Monday (11.10.2010), the Israeli newspaper, Maariv, reported that the Irish Ministry of Defence has cancelled a contract with Israel to supply the Irish army with more than 20 million bullets annually which are used as ammunition by the various Irish military forces.
Maariv quoted the Irish press as saying that after having purchased millions of Euros worth of ammunition from Israel over the past five years, the Irish Ministry of Defence has decided to cancel its contract with Israel and to sign an alternative deals with Belgium and Brazil among others.
Irish newspapers interpret this decision as a response to the Dubai assassination of Mahmoud al-Mabhouh in January of last year. The ring of Mossad assassins, according to international sources, used forged Irish passports.
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