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
2024/8/9
Italy's Beach Managers Stage Symbolic Strike Amid EU Pressure for Tendering Concessions
Italy's beach managers protest against EU-mandated public tenders for beach concessions, highlighting the contentious issues surrounding the management of Italy's coastline. Discover the implications of this strike and the future of beach establishments.
China Challenges EU's Electric Vehicle Tariffs at WTO: A Trade Dispute with Global Implications
China has taken action against the EU's hefty surcharges on electric vehicle imports by referring the matter to the WTO, marking a significant trade dispute that could impact global markets and climate initiatives. Discover the details behind this escalating tension.
Iran Boosts Oil Exports to New Markets: Bangladesh, Oman, and Beyond
Iran has successfully increased its oil exports to new destinations like Bangladesh and Oman, despite ongoing US sanctions. This strategic shift aims to maintain high production levels and sustain the economy. Learn more about Iran's oil trade dynamics and its impact on global markets.
China Challenges EU's 37.6% Anti-Subsidy Duties on Electric Vehicles at WTO
China has filed a complaint with the WTO against the EU's anti-subsidy duties on electric vehicles, claiming unfair treatment and aiming to protect its electric car industry. Discover the implications for global trade and climate cooperation.
Pakistan and Turkey Forge Stronger Economic Ties: Aiming for $5 Billion in Trade
Discover how Pakistan and Turkey are enhancing bilateral trade and investment cooperation, aiming for a remarkable $5 billion trade volume, as Turkish investors express confidence in Pakistan's economic stability.
Inflation Soars: Argentina's 5.1% Spike and Italy's Rise to 1.3% - What It Means for Consumers
Explore the recent inflation trends in Argentina and Italy, where Buenos Aires faces a staggering 5.1% increase while Italy sees a rise to 1.3%. Understand the implications for consumers and the economy.
Interest Rate Cuts Loom: What July's CPI Data Could Mean for the Economy
Explore the implications of July's CPI data on interest rate cuts and the Federal Open Market Committee's focus on inflation and job data. Understand how these economic indicators shape financial decisions.
Unlocking Financial Relief: Russia's New Maternity Capital Law and Cryptocurrency Regulations
Discover how Russia's new maternity capital law empowers families with financial relief and the government's move to regulate the cryptocurrency market under President Vladimir Putin's latest initiatives.
France's Unemployment Rate Falls to 7.3%: A Glimmer of Hope Amidst Future Challenges
Discover how France's unemployment rate has decreased to 7.3%, marking a significant improvement in the labor market. However, experts caution about potential future increases. Stay informed about the trends and projections affecting the economy.
Inflation Soars: China and Buenos Aires Face Economic Pressures in July
Explore the alarming inflation rates in China and Buenos Aires for July 2023, revealing the economic pressures affecting consumers and the middle class in these regions. Discover the key drivers behind these rising costs.
Apple Responds to EU Competition Warning: Major Changes Coming to App Store
Apple announces significant changes to its App Store following a warning from the EU regarding compliance with the Digital Markets Act, aiming to enhance competition and support developers. Learn about the potential fines and implications for other tech giants.