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Published 03:42 IST, December 10th 2024 Israeli Prime Minister Benjamin Netanyahu is set to take to the witness stand on Tuesday for the first time in his trial on corruption allegations Jerusalem: Benjamin Netanyahu , the Israeli Prime Minister, is set to take to the witness stand on Tuesday for the first time in his trial on corruption allegations. This is considered to be a pivotal point in the drawn-out proceedings that come as he wages war in Gaza and faces an international arrest warrant for war crimes charges. The Israeli PM is on trial at home on accusations of fraud, breach of trust and accepting bribes in three separate matters. Netanyahu denies wrongdoing, but his appearance on the witness stand will be a low point in his decades-long political career, standing in contrast to the image of a sophisticated, respected leader he has tried to cultivate. The trial will take up a chunk of Netanyahu's time at a crucial point for Israel. While he makes his case for weeks from the stand, he will still be tasked with managing the war in Gaza, maintaining a fragile ceasefire with the Lebanese militant group Hezbollah and keeping tabs on threats from the wider Middle East, including Iran. It will be the first time an Israeli prime minister has taken the stand as a criminal defendant. Netanyahu has repeatedly sought to delay the proceedings, citing the war in Gaza and security concerns. The judges ordered the trial to resume on Tuesday, moving the proceedings to an underground chamber in a Tel Aviv court as a security precaution. Netanyahu's appearance in the courtroom will also draw attention to other legal issues in the Israeli leader's orbit. Close advisers in his office are embroiled in a separate series of scandals surrounding leaked classified information and doctored documents. While Netanyahu is not suspected of direct involvement in those, they could weaken his public image. On Monday evening, Netanyahu called a press conference, his first in three months, where he gave a glowing overview of Israel's achievements in 14 months of war and said the fighting with Hamas and Hezbollah was directly responsible for the fall of Bashar Assad's government in Syria. When questioned about the next day's testimony, Netanyahu became visibly angry. “I have been waiting eight years for this day, to present the truth,” he said, railing against the “political hunt” that he asserted had “ruined the lives of dozens of people” caught up in the trial. He accused the media of pursuing fake news against him and reporting lies. Here is a look at the trial. Where does Netanyahu's trial stand? The trial, which began in 2020, involves three separate cases in which prosecutors say Netanyahu exchanged regulatory favours with media titans for favourable press coverage and advanced the personal interests of a billionaire Hollywood producer in exchange for lavish gifts. Prosecutors have called roughly 140 witnesses to the stand — fewer than the 300 initially expected to testify. Those witnesses have included some of Netanyahu's closest former confidants who turned against him, as well as former prime minister Yair Lapid, former security chiefs and media personalities. Lawyers have submitted thousands of items of evidence including recordings, police documents and text messages. A new documentary, “The Bibi Files,” has shined new light on the cases by obtaining footage of Netanyahu being questioned by police, as well as interrogations of his wife and some key witnesses. In a glimpse of what can be expected in the courtroom, Netanyahu appears combative and anxious at times, accusing police of unfairly picking on him and denigrating other witnesses as liars. The prosecution called to the stand its final witness over the summer, bringing to an end three years of testimony and setting the stage for the defence to lay out its case, with Netanyahu its first witness. Netanyahu's appearance will give Israelis a chance to see the long-serving Israeli leader answer to the charges before the three-judge panel. What are some notable moments from Netanyahu's trial? The prosecution has sought to portray Netanyahu as media-obsessed, to push its narrative that he would break the law for favourable coverage. Witness accounts have shed light not only on the three cases but also on details about Netanyahu's character and his family's reputation for living lavishly on the backs of taxpayers and wealthy supporters. One former aide and a key prosecution witness called him a “control freak” over his image. Another witness described expensive gifts for Netanyahu and his wife. Arnon Milchan, an Israeli producer of Hollywood blockbuster films such as “Pretty Woman," took the stand last year via videoconference, describing how he routinely delivered tens of thousands of dollars of champagne, cigars and other gifts requested by the Israeli leader. One key witness, a former top aide to Netanyahu, stunned prosecutors by backtracking from his earlier claims against the prime minister, opening the door for the defence to erode his credibility as a witness. The trial was jolted by Israeli media reports that police used sophisticated phone-hacking software to spy on this witness. What happens next in Netanyahu's trial? Like other witnesses, Netanyahu will testify three days a week, for hours at a time. The defence will seek to depict him as a law-abiding leader who was a victim of careless and biased police investigations. Netanyahu's critics have sought to draw a clear line between the cases and the war in Gaza. They say the allegations led Netanyahu to promote a contentious judicial overhaul plan last year that bitterly divided the country and created an image of weakness that encouraged the October 7 Hamas attack that triggered the war. Netanyahu's critics, including families of hostages held by Hamas, now accuse him of dragging out the conflict — and risking the lives of their loved ones — to avoid an embarrassing investigation and new elections that could force him from power. If he is eventually voted out of power, being away from the prime minister's seat would make it harder for Netanyahu to rail against the justice system and delegitimize the verdict in the eyes of the public. A verdict isn't expected until 2026 at least, and then Netanyahu can choose to appeal to the Supreme Court. Israel's courts are notoriously sluggish, and the case was further delayed last year when courts went on hiatus for two months after war broke out following Hamas' October 7 attack. Once the defence rests, each side will summarise their cases before judges convene to deliberate over Netanyahu's fate. (With inputs from AP) Updated 04:18 IST, December 10th 2024By Leslie Patton | Bloomberg Costco Wholesale Corp. is switching manufacturers for its popular Kirkland Signature brand of diapers as its supplier moves away from store brands to increase profitability. First Quality is replacing Kimberly-Clark Corp. as the maker of Costco’s diapers, with the official change set to happen in January, according to people familiar with the decision who weren’t authorized to speak publicly about the matter. More on Costco: Not a Costco member? Shoppers have tips to skip new entry scanners Consumer goods makers have been focused on restoring profit margins to pre-pandemic levels and scrutinizing their business models after years of higher costs. For Kimberly-Clark, which makes the Huggies brand of diapers, that means a shift away from low-margin private label contracts and a stronger focus on selling more higher-priced premium items under their own brand names. First Quality didn’t respond to requests for comment. Representatives for Costco and Kimberly-Clark declined to comment. Earlier this month, Kimberly-Clark Chief Financial Officer Nelson Urdaneta said that the company’s exit of private label businesses, “allows us to dedicate our capacity and our investments to our own technologies and brands to differentiate them.” In October, Chief Executive Officer Mike Hsu said that the company’s percentage of sales from private label will go from about 4% in 2023 to about 2% next year, and that it would decline further “over time.” Also read: Discount retailer Panda Mart leases former Sears in Orange First Quality, which also makes Cuties diapers along with paper towels and toilet paper, hasn’t disclosed the arrangement with Costco. In May, the New York-based company said it was increasing capacity for diapers and training pants by 50% at its Macon, Georgia, manufacturing factory. Costco’s Kirkland Signature diapers have become popular with parents, especially as years of inflation for basic goods crimps spending. The company has said in past years that private label items are a good value versus brand names, thanks to their price point. Costco says it expects to increase sales of Kirkland-branded items, which generally earn higher margins for the retailer versus national labels. Kirkland diapers made by Kimberly-Clark have a curved fit that many shoppers perceive to be more ergonomic for their babies, said Natalia Richer, director of business development at consultant Diaper Testing International. “It will be noticeable to the consumer if they change it,” she said. Kimberly-Clark also makes Kotex tampons and pads, along with Kleenex tissues and Scott toilet paper. Huggies recently introduced a new type of diaper and wipes, dubbed Skin Essentials, designed to protect against rashes. 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Consumers in the United States scoured the internet for online deals as they looked to take advantage of the post-Thanksgiving shopping marathon with Cyber Monday. Even though e-commerce is now part and parcel of many people's regular routines and the holiday shopping season, Cyber Monday — a term coined in 2005 by the National Retail Federation — has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. Adobe Analytics, which tracks online shopping, expected consumers to spend $13.2 billion Monday — a record, and 6.1% more than last year. That would make it the biggest shopping day for e-commerce for the season — and the year. Online spending was expected to peak between the hours of 8 p.m. and 10 p.m. on Monday night, per Adobe — reaching an estimated $15.7 million spent every minute. People are also reading... For several major retailers, a Cyber Monday sale is a dayslong event that began over the Thanksgiving weekend. An Amazon Prime delivery person lifts packages while making a stop Nov. 28, 2023, in Denver. Amazon kicked off its sales event right after midnight Pacific time on Saturday. Target's two days of discount offers on its website and app began overnight Sunday. Walmart rolled out its Cyber Monday offers for Walmart+ members Sunday afternoon and opened it up to all customers three hours later, at 8 p.m. Eastern time. Consumer spending for Cyber Week — the five major shopping days between Thanksgiving and Cyber Monday — provides a strong indication of how much shoppers are willing to spend for the holidays. Many U.S. consumers continue to experience sticker shock after the period of post-pandemic inflation, which left prices for many goods and services higher than they were three years ago. But retail sales nonetheless remain strong, and the economy kept growing at a healthy pace. At the same time, credit card debt and delinquencies are rising. More shoppers than ever are also on track to use "buy now, pay later" plans this holiday season, which allows them to delay payments on holiday decor, gifts and other items. Many economists also warned that President-elect Donald Trump's plan to impose tariffs next year on foreign goods coming into the United States would lead to higher prices on everything from food to clothing to automobiles. A FedEx delivery person carries a package from a truck Nov. 17, 2022, in Denver. The National Retail Federation expects holiday shoppers to spend more this year both in stores and online than last year. But the pace of spending growth will slow slightly, the trade group said, growing 2.5% to 3.5% — compared to 3.9% in 2023. A clear sense of consumer spending patterns during the holiday season won't emerge until the government releases sales data for the period, but some preliminary data from other sources shows some encouraging signs for retailers. Vivek Pandya, lead analyst at Adobe Digital Insights, noted that discounts from Thanksgiving onward "exceeded expectations" and online spending throughout Cyber Week is on track to cross a record $40 billion mark combined. U.S. shoppers spent $10.8 billion online on Black Friday, a 10.2% increase over last year, according to Adobe Analytics. That's also more than double what consumers spent in 2017, when Black Friday pulled in about $5 billion in online sales. Consumers also spent a record $6.1 billion online on Thanksgiving Day, Adobe said. Meanwhile, software company Salesforce, which also tracks online shopping, estimated that Black Friday online sales totaled $17.5 billion in the U.S. and $74.4 billion globally. Mastercard SpendingPulse, which tracks in-person and online spending, reported that overall Black Friday sales excluding automotive rose 3.4% from a year ago. A United Parcel Service driver sorts deliveries July 15, 2023, on New York's Upper West Side. E-commerce platform Shopify said its merchants raked in a record $5 billion in sales worldwide on Black Friday. At its peak, sales reached $4.6 million per minute — with top categories by volume including clothing, cosmetics and fitness products, according to the Canadian company. Toys, electronics, home goods, self-care and beauty categories were among the key drivers of holiday spending on Thanksgiving and Black Friday, according to Adobe. "Hot products" included Lego sets, espresso machines, fitness trackers, makeup and skin care. Other data showed physical stores saw fewer customers on Black Friday, underscoring how the huge crowds that were once synonymous with the day after Thanksgiving are now more than happy to shop from the comfort of their homes. RetailNext, which measures real-time foot traffic in stores, said its early data showed store traffic on Friday was down 3.2% in the U.S. compared to last year, with the biggest dip happening in the Midwest. Sensormatic Solutions, which also tracks store traffic, said its preliminary analysis showed retail store traffic on Black Friday was down 8.2% compared to 2023. Grant Gustafson, head of retail consulting and analytics at Sensormatic Solutions, noted that in-store traffic was getting spread across multiple days since many retailers offered generous discounts before and after Black Friday. "Some of the extended Black Friday promotions really ended up leading to a little bit of a softer day-of traffic than expected," Gustafson said. The 7 small business trends that paid off in 2024 The 7 small business trends that paid off in 2024 In 2024, staying small on purpose seems to be paying off big for small businesses. They're keeping operations small and targeting niche, highly specialized customers. And some business owners find this strategy results in more time, energy, and money to intentionally capitalize on unique, small cap opportunities. The data tells the story of growth in small businesses for the year. According to NEXT , the Small Business Administration (SBA) reports awarding 38,000 SBA 7(a) loans under $150,000: double the amount they awarded in 2020. Here are the related small-business trends paying off in 2024. 1. Small and cozy office spaces in industrial and flex condos Commercial real estate agent Ryan Beckenhauer of Market Real Estate in Boulder, Colorado, has noticed that small businesses are growing smaller, and that their office and warehouse spaces are starting to reflect that as they shop for business space. In commercial real estate, many small business owners gravitate toward industrial condos and other flexible spaces. These are small-scale industrial spaces with a 90:10 or 80:20 split of warehouse to office. "More individuals are leveraging skills acquired at larger organizations to venture out on their own," explains Beckenhauer. And he goes on to say that they don't need a large commercial space as they make that leap to start a business. His clients include engineers, consultants, builders and other tradespeople. Beckenhauer's clients like the flexibility of being out of an office and being close to their inventory and workshop space. "The clients want to see and touch the finishes," he says. Small business owners both rent or buy these spaces. But he's seeing his clients opt to own industrial condos to stabilize costs due to rent increases in Boulder. And because these spaces are smaller, it can be easier for new buyers to qualify for financing. 2. More outsourcing of financial services Mariana Alvarez, owner of Controller Works , an online bookkeeping and advisory firm, has noticed that small business owners outsource financial support services because they don't want to increase headcount. "Outsourcing gives them the possibility of having access to the knowledge and the skills of a CFO without having to pay for the salary," she says. "They don't have to manage or deal with the workload, employment taxes , and all that comes with it," says Alvarez. Additionally, many small business owners in fields like construction are family-owned, and this makes it easier for business owners to hand off delicate financial work to a trusted person with financial experience. 3. Automating bookkeeping tasks with AI Every small business has recurring tasks that can benefit from some level of artificial intelligence automation . And Alvarez sees a lot of value in using AI for small business bookkeeping. She explains that you can automate the data entry on Quickbooks. "When you create rules, as long as you create the rules correctly, it pretty much does itself," says Alvarez. From there, you can lean on financial experts to help you analyze the data and make more informed decisions. She uses AI as a background resource when guiding her accounting clients. "I believe that we still need the human-to-human interaction that comes with more perspective for financial analysis," she explains. 4. AI-driven customer service According to the SBA , 77% of consumers feel that human interaction is still required for a positive customer experience. People turn to small businesses every day for a human experience. According to Arvind Rongala, CEO of Edstellar , small business workers can show up for their customers but still use AI for routine tasks like customer queries. "This balance allows companies to scale their operations without losing the personal touch that makes them unique. It's important to remember that AI isn't there to replace the human element—it's there to enhance it," he says. 5. Personalized customer experiences "By really focusing on one very small weakness that Amazon has, I've been able to carve out a successful business by offering something different," says Lou Harvey owner of Tank Retailer , a retailer of commercial water and fuel tanks. "When you read our customer reviews, many of them actually mention me by name because of how much we focus on customer service and go the extra mile." One of Harvey's most successful business strategies this year has been to lean into his small, niche market and offer the kind of customer experience that large retailers like Amazon don't. "Any small weaknesses that Amazon has (however small those weaknesses may be) needs to become a strength of a smaller business focusing on a niche market," says Harvey. Harvey has his company's customer service phone number front and center on the website to help earn customer trust. "I prominently feature our phone number, and a real person always answers the phone (usually it's me)," says Harvey. 6. Businesses promoting social impact Lucie Voves, CEO and founder of Church Hill Classics , an online, woman-owned diploma framing company that uses sustainable materials, has noticed an uptick in customers seeking services from a business on a mission. "This year, we've seen a growing inclination for consumers to actively seek out and support small businesses owned by women and minorities," says Voves. When consumers shop small, they choose to make their dollars count. "Customers are fueled by a desire to promote social impact through purchasing power," says Voves. 7. Increased social commerce sales Long gone are the days of online retailers "building it and they will come." In 2024 we've seen more small businesses than ever turn to social commerce to sell directly on social media platforms like Instagram Shopping , Facebook Marketplace , and TikTok . Small business owners are turning toward influencers, social media ads, and organic content to target their customers. Mike Vannelli of Envy Creative creates online ads for businesses, and he has seen his clients succeed on TikTok of late. "I've seen businesses, especially in retail, use TikTok's short-form video format to make their products go viral. Think of it as word-of-mouth marketing on steroids," says Vannelli. He uses the platform's algorithm to push a company's content to the right audiences, and it works because TikTok loves storytelling. "I know small brands that use behind-the-scenes videos, customer testimonials, and even playful challenges that tap into trends to humanize their products and build trust," explains Vannelli. To stand out on TikTok, he says, smaller brands need to embrace authenticity and emotional connection. Show your team, share your journey, and involve your community in content creation. This story was produced by NEXT and reviewed and distributed by Stacker. The business news you need Get the latest local business news delivered FREE to your inbox weekly.An online debate over foreign workers in tech shows tensions in Trump's political coalitionWinners, losers as Ravens beat Chargers 30-23 on Monday Night Football