Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
Former Minister Christophe Castaner Joins Shein as CSR Advisor
Former French Minister Christophe Castaner has been appointed as an advisor to Shein, focusing on corporate social responsibility initiatives as the fast fashion giant seeks to improve its sustainability practices amidst increasing scrutiny.
Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access
President Vladimir Putin has proposed expanding the family mortgage program in Russia to allow purchases on the secondary market, aiming to improve housing access for families with children.
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil
President-elect Donald Trump has warned the European Union that it must significantly increase its purchases of American gas and oil or face substantial tariffs on its products. This ultimatum comes as the EU prepares for potential trade escalations and seeks to deepen energy ties with the U.S.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
2024/6/26
Tokyo Stocks Surge as Nvidia Boosts Semiconductor Sector; Yen Hits 38-Year Low
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.
France Secures €3 Billion in Excess Tax Revenue, Aims to Reduce Deficit
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.
Unions Issue Strike Threat Over Olympic Games Bonuses at Paris Airports
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.
Volkswagen Invests Billions in Electric and Combustion Engines, Partners with Rivian
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.
McKinsey Study: 24% of German Electric Car Owners Regret Purchase Amid High Costs, China Proposes Tariff Cuts
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.