World Daily News

Explosion at Mexican Steel Mill Results in 13 Fatalities

A steel mill explosion in Tlaxcala, Mexico, has resulted in 13 fatalities, prompting investigations into the cause.

Business

BIS Withdrawal from mBridge Project: Implications for Putin's Economic Strategies

2024-11-02T11:26:23.846Z

The BIS's withdrawal from the mBridge project raises questions about the future of cross-border payments and highlights Putin's ambitions for alternative financial systems in response to US sanctions.

Business

US Job Growth Stalls Amid Hurricane and Strikes Before Election

2024-11-02T10:26:18.831Z

The US labor market shows signs of weakness with only 12,000 new jobs added in October, influenced by Hurricane Milton and strikes, raising concerns ahead of the presidential election.

Business

Buffett Cuts Apple Stake as Berkshire Hathaway Reports Record Cash Reserves

2024-11-02T17:26:15.439Z

Warren Buffett's Berkshire Hathaway has reduced its stake in Apple by 25%, reporting a record cash reserve of $325.2 billion amid market challenges.

Business

Russia to Nearly Double Sick Leave Payments by 2027 Amid Economic Changes

2024-11-02T18:06:44.951Z

The Russian government plans to nearly double the maximum sick leave payments over the next three years, reflecting a commitment to improve social protection amid rising living costs. Additionally, child care and maternity benefits will also see significant increases.

Business

Egypt and Turkey Experience Credit Rating Upgrades Amid Economic Challenges

2024-11-02T12:26:24.575Z

Fitch Ratings has upgraded Egypt's credit rating to B, while Standard & Poor's has raised Turkey's rating to BB-. Both nations face significant economic challenges but show signs of recovery.

Business

Volkswagen's Factory Closures Signal Deepening Crisis in Germany's Manufacturing Sector

2024-11-02T09:16:30.509Z

Volkswagen's decision to close factories and lay off thousands of employees underscores a deepening crisis in Germany's manufacturing sector, as the government struggles to respond effectively.

2024/8/19

Business

Russians Drive Used Car Sales to Record Highs: 546,200 Vehicles Sold in July 2023

2024-08-19T21:36:52.628Z

In July 2023, Russians purchased 546,200 used cars, the highest in nearly a year. Discover how declining prices and the rise of Chinese automakers are reshaping the automotive market in Russia.

Business

Oman Investment Authority Achieves $4.4 Billion Profit and Strong Asset Growth in 2023

2024-08-19T17:37:47.363Z

Discover how the Oman Investment Authority reported impressive profits exceeding $4.4 billion and significant asset growth in 2023, alongside the IMF's positive outlook for Oman's economy.

Business

مصرف ليبيا المركزي يستأنف أعماله بعد الإفراج عن مدير تقنية المعلومات وسط توترات متزايدة

2024-08-19T17:37:29.923Z

استأنف مصرف ليبيا المركزي أعماله بعد الإفراج عن مدير تقنية المعلومات، مصعب مسلم، الذي تعرض للخطف. الحادثة تثير مخاوف من تصعيد التوترات بين الفصائل المسلحة في البلاد.

Business

Tragedy Strikes: Tech Titan Mike Lynch Missing After Luxury Sailboat Sinks Near Sicily

2024-08-19T17:07:32.315Z

Tech entrepreneur Mike Lynch is missing after a luxury sailboat sank off Sicily's coast, leaving one confirmed dead and several others unaccounted for. Discover the details of this tragic incident and Lynch's remarkable career.

Business

Israeli Leaders Reverse Turkish Import Ban: A Strategic Economic Decision

2024-08-19T15:17:15.910Z

Israeli Prime Minister Netanyahu and Finance Minister Smotrich have reversed a proposed ban on Turkish imports aimed at Palestinian merchants, recognizing the potential economic harm to Israel. This decision reflects the intricate trade relationships and geopolitical dynamics between Israel and Turkey.

Business

Unveiling Gold's Timeless Allure: From Ancient Legends to Modern Markets

2024-08-19T11:57:08.029Z

Explore the captivating history of gold, from the legendary city of El Dorado to Mansa Musa's pilgrimage, and understand its multifaceted role in society, economics, and modern technology. Discover how gold remains a symbol of wealth and power in today's global market.

Business

Gold Stabilizes as US Interest Rate Cut Looms; Oil Prices Dip Amid Chinese Demand Fears

2024-08-19T10:57:27.824Z

Discover how gold prices are stabilizing with expectations of a US interest rate cut, while oil prices are declining due to concerns over Chinese demand. Get insights into how these factors are shaping market sentiment amid ongoing geopolitical tensions.

Business

Discover the Top 7 Almond-Producing Countries: Unveiling Global Trends and Trade

2024-08-19T10:17:19.039Z

Explore the fascinating world of almonds, from the top-producing countries to global trade dynamics. Discover how the U.S. leads in almond production and the key players in the almond export-import market.