China Cuts Interest Rates to Stimulate Economic Growth Amid Slowdown

Gold prices have reached a historic high, driven by geopolitical tensions in the Middle East and growing concerns over U.S. budget deficits ahead of the presidential elections.

China has announced cuts to key interest rates as part of an economic stimulus package aimed at addressing slowing growth, with the economy growing by 4.6% year-on-year in Q3 2024.

The Marisa Free Zone project in Libya aims to diversify the economy and reduce oil dependence, promising significant job creation and GDP growth.

Pedro Tellechea, the former Venezuelan Oil Minister, was arrested on October 21, 2024, just days after his dismissal from office due to serious charges involving national security and corruption within the oil sector.

At the upcoming BRICS summit, President Vladimir Putin is set to propose a new financial system aimed at challenging U.S. dollar dominance and enhancing economic cooperation among member states.

The Central Bank of Russia has released a detailed guide for individuals who have fallen victim to loan fraud, advising on how to challenge fraudulent loans and highlighting the rise of various scams targeting citizens.

Egyptian President Abdel Fattah el-Sisi warns of a potential reassessment of the country's $8 billion IMF deal due to significant economic challenges, including revenue losses and rising fuel prices.

As Ukraine refuses to extend its gas transit agreement with Russia, concerns rise over the future of Russian gas supplies to Europe, prompting a strategic shift towards Eastern markets.

Iraqi Hezbollah threatens significant disruptions to global oil supplies amid rising tensions from the Israeli conflict in Gaza, warning of a potential energy war that could have dire global economic repercussions.

Israel is facing a significant economic decline due to the ongoing war, with rising military costs leading to increased taxes and reduced foreign investment.

Sanofi is in exclusive talks to sell a controlling stake in its consumer health unit Opella to CD&R for approximately 16 billion euros, with government involvement to ensure local job commitments.

This article explores the highest earning medical specialties globally, highlighting disparities in doctor salaries across different countries and the projected growth in global health spending.

The French National Assembly is set to debate significant tax reforms for Budget 2025, with the Finance Committee proposing nearly 130 new tax measures that could triple the financial burden on taxpayers.

The An-24, a short-haul turboprop aircraft developed by the Antonov Design Bureau, made its first flight on October 20, 1959. It became one of the most popular Soviet airliners due to its reliability, innovative design, and adaptability in various operational environments.

Egypt has lowered its renewable energy target from 58% to 40% by 2040, emphasizing continued reliance on natural gas and increasing fuel imports amid challenges in the energy sector.

This article explores the vast potential of solar energy, its current underutilization, advancements in solar technology, and the significant role that artificial intelligence plays in optimizing solar energy solutions.

Rwanda is setting a benchmark for sustainable development through various eco-friendly initiatives in Kigali, including car-free zones, ecological parks, and community empowerment programs.

Boeing has proposed a nearly 40% pay raise to its workers in an effort to end a month-long strike that has significantly disrupted production of its key aircraft models. The new contract proposal, which must be ratified by union members, includes substantial improvements in wages and benefits.

Turkish President Recep Tayyip Erdogan has reported progress in controlling inflation but acknowledges that further efforts are needed. As inflation rates decline, he emphasizes the importance of structural reforms and economic resilience following significant challenges.

Prabowo Subianto has been inaugurated as Indonesia's new president, with ambitious plans to boost economic growth to 8% through major national projects and a focus on human capital development.

The Russian Foreign Ministry has warned that Ukraine's refusal to extend its gas transit agreement could lead to significant energy challenges for Europe, with potential price hikes looming as the heating season approaches.

BYD, a Chinese electric vehicle manufacturer, is rapidly expanding its presence in the global auto market with competitive pricing and innovative technology, despite facing protectionist measures from Western nations.

China's economy grew 4.6% in Q3 2024, marking its slowest growth in 18 months due to weak consumer spending and property sector challenges, prompting increased stimulus measures by the government.

Gold has reached a record high of over $2,700 per ounce, driven by safe-haven demand amid escalating conflicts in the Middle East and uncertainty surrounding the U.S. presidential election.

The 11th Turkey-Africa Cooperation Forum in Istanbul emphasized strengthening trade and investment ties between Türkiye and Africa, with significant growth in Turkish exports and investments on the continent.

At the Moscow Financial Forum, Finance Minister Anton Siluanov outlined Russia's commitment to responsible fiscal policies amidst rising global government debt, while discussing the implications for the country's economic stability.

The Jordanian government's recent tax hike on electric vehicles has halted sales and raised concerns among investors and consumers, prompting calls for reconsideration from the new administration.

Sanofi is finalizing its sale of Doliprane to American fund CD&R, amid employee strikes and political scrutiny over job security and French sovereignty.

Fitch Ratings has affirmed Italy's BBB rating, upgrading the outlook to positive due to improved budgetary performance and compliance with EU fiscal rules. The Italian government is preparing a budget for 2025 that aims to balance electoral promises with fiscal adjustments.

The Finance Committee of the French Parliament has approved a new tax on the 'super profits' of large companies, aiming to raise an estimated 15 billion euros for the national budget. The measure, which will be reviewed again next week, has sparked significant political debate.