World Daily News

German Automakers Warn of Higher Prices Due to EU Tariffs on Chinese Electric Cars

German car manufacturers are concerned about the European Union's decision to impose tariffs on Chinese electric vehicles, warning it could lead to higher consumer prices and damage the automotive industry.

Business

British Woman Sues IAG Group Over Missing Farewell Card After Dismissal

2024-10-12T21:30:50.727Z

A British woman has filed a lawsuit against IAG group after claiming she was not given a farewell card upon her dismissal, alleging it represented a denial of her existence and citing various grievances including harassment.

Business

BYD's Electric Cars Aim to Capture European Market Amid Tariff Challenges

2024-10-12T18:11:01.533Z

BYD, China's top electric vehicle manufacturer, is set to enter the German market with competitively priced cars while facing challenges from EU tariffs on Chinese imports.

Business

Iraq's Public Holidays: Balancing Cultural Recognition and Economic Viability

2024-10-12T16:40:51.884Z

The ongoing debate in Iraq over public holidays is revealing significant economic challenges, with estimates showing that these holidays cost the state approximately $26 billion annually, prompting calls for legislative reform to balance cultural recognition with economic sustainability.

Business

Gulf Cooperation Council Enhances Iraq's Energy Security with New Electricity Project

2024-10-13T08:11:22.844Z

The Gulf Cooperation Council has signed a contract to supply Iraq with electricity, aiming to enhance energy security and reduce public expenditures as Iraq faces severe electricity shortages.

Business

Boeing to Lay Off 17,000 Employees Amid Strikes and Delivery Delays

2024-10-12T20:01:24.021Z

Boeing plans to lay off 17,000 employees as it faces significant challenges including ongoing strikes, production delays, and quality issues, with the delivery of the 777X aircraft postponed until 2026.

Business

IMF Calls for Urgent Action from Türkiye to Tackle Inflation

2024-10-12T15:50:43.046Z

The International Monetary Fund has urged Türkiye to intensify its monetary policy efforts to combat inflation, recommending a more aggressive approach in economic reforms and a focus on data-driven policies.

2024/6/26

Business

Tokyo Stocks Surge as Nvidia Boosts Semiconductor Sector; Yen Hits 38-Year Low

2024-06-26T22:37:08.074Z

Tokyo stocks surged on Wednesday, driven by a rally in US tech stocks, particularly NVIDIA. The Nikkei 225 rose by 1.26%, while the yen hit its lowest level in 38 years against the dollar.

Business

France Secures €3 Billion in Excess Tax Revenue, Aims to Reduce Deficit

2024-06-26T21:17:11.167Z

France's Economy Minister Bruno Le Maire announced an unexpected €3 billion surplus in tax revenue, aiming to reduce the public deficit in the coming years. Learn more about the fiscal strategies and political implications.

Business

Unions Issue Strike Threat Over Olympic Games Bonuses at Paris Airports

2024-06-26T16:47:16.978Z

Unions representing Paris airport employees threaten a strike in early July, demanding fair compensation and improved working conditions ahead of the Olympic Games. The outcome could impact operations at Roissy-Charles-de-Gaulle and Orly airports.

Business

Volkswagen Invests Billions in Electric and Combustion Engines, Partners with Rivian

2024-06-26T10:07:09.053Z

Volkswagen is making significant investments in both electric and combustion engine technologies. The company is reviving its Scout SUV as an electric vehicle and partnering with Rivian to develop advanced software solutions. Despite the focus on electrification, Volkswagen is also allocating substantial funds for the development of combustion engines, reflecting a balanced market strategy.

Business

McKinsey Study: 24% of German Electric Car Owners Regret Purchase Amid High Costs, China Proposes Tariff Cuts

2024-06-26T03:37:17.504Z

A McKinsey study reveals that 24% of German electric car owners regret their purchase due to high costs and inadequate charging infrastructure. Meanwhile, China proposes tariff cuts to benefit German luxury car makers amid looming EU tariffs on Chinese electric vehicles.