Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support
Carrefour has closed all its branches in Jordan due to a widespread boycott campaign, with 93% of Jordanians participating in protests against the company's support for the Israeli occupation.
IKEA to Pay €6 Million to Compensate East German Forced Labor Victims
IKEA has agreed to pay 6 million euros to a fund for victims of forced labor during East Germany's communist regime, acknowledging its historical ties to the practice.
Schaeffler and Auchan Announce Major Job Cuts Amid Economic Pressures
Schaeffler and Auchan are implementing significant job cuts due to economic challenges, affecting thousands of employees across Europe.
Boeing Workers Ratify Agreement, Ending Costly Strike
Boeing workers have ratified a new agreement, ending a seven-week strike that cost the company over $10 billion, with a 38% wage increase and improved benefits.
Nvidia Chip Lending Spree: Wall Street's $11 Billion Bet on AI
Wall Street has entered an $11 billion lending spree for companies in the AI sector, relying heavily on Nvidia chips as collateral, raising concerns about market vulnerabilities.
Auchan Implements Major Job Cuts and Store Closures Amid Financial Struggles
Auchan has announced significant job cuts and store closures as part of a restructuring plan to address financial losses and adapt to changing retail dynamics.
Explosion at Mexican Steel Mill Results in 13 Fatalities
Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support
IMF Optimistic About Egypt's Economic Recovery Amid Regional Challenges
Dollar's Surge Linked to Trump Election Prospects
French Court Allows Israeli Companies to Participate in Euronaval 2024
IKEA to Pay €6 Million to Compensate East German Forced Labor Victims
2024/7/12
Mukesh Ambani Hosts Extravagant Wedding for Son Amidst Criticism of Wealth Disparity
Indian tycoon Mukesh Ambani hosts a grand wedding for his son, Anant Ambani, showcasing immense wealth amidst criticism of economic disparities in India. The celebrations include star-studded events and extravagant spending.
US Inflation Moderates: Producer Prices Surge While Consumer Prices Fall
US inflation shows mixed signals as the Producer Price Index rises unexpectedly in June, while consumer prices fall for the first time in four years. Analysts are closely watching for potential Federal Reserve rate cuts.
Economic Consequences of Conscription: Germany and Israel Face Billions in Costs
Germany and Israel are grappling with the economic consequences of conscription. Germany's proposed military service could cost up to 70 billion euros, while Israel's extended mandatory service may delay soldiers' market integration, incurring significant costs.