World Daily News

German Industry Faces Billions in Losses Due to Raw Material Dependency

The German Industry Association warns of potential losses in the billions due to the country's increasing reliance on imported raw materials, particularly lithium from China, and highlights the need for strategic changes in sourcing and recycling.

Business

Serbia's Lithium Mine Project: A Geopolitical Balancing Act

2024-11-13T19:19:33.814Z

The development of Europe's largest lithium mine in Serbia by Rio Tinto has sparked significant geopolitical tensions and public opposition due to environmental concerns.

Business

Saudi Sovereign Fund Raises $1 Billion from STC Stake Sale

2024-11-14T15:50:14.597Z

Saudi Arabia's Public Investment Fund raised $1.03 billion from the sale of a 2% stake in STC, part of its economic diversification strategy.

Business

High Food Prices Drive Voter Sentiment as Trump Prepares for Second Term

2024-11-14T14:39:34.873Z

Rising food prices have significantly influenced American voters, contributing to Donald Trump's election victory. Experts warn that his proposed policies may exacerbate inflation, complicating efforts to stabilize the economy.

Business

Lipetsk Residents Face Toilet Crisis After Private Sewer System Purchase

2024-11-14T14:20:11.578Z

Residents of two high-rise buildings in Lipetsk experienced a severe plumbing crisis when their sewage system failed after a private entrepreneur acquired the sewage pumping station, leading to disputes over maintenance responsibilities.

Business

European Hotels Can Now Offer Lower Prices Than Booking.com

2024-11-14T15:50:18.542Z

The European Commission has announced that hotels can now offer better rates than Booking.com, ending the platform's price-matching policy and fostering competition in the travel sector.

Business

Cryptocurrency Market Surges Past $3.1 Trillion Following Trump's Victory

2024-11-14T15:00:44.974Z

The cryptocurrency market cap has exceeded $3.1 trillion, buoyed by Bitcoin's rise and Donald Trump's election victory, with predictions of reaching $10 trillion by 2026.

2024/9/6

Business

Eastern Economic Forum 2024: Russia Secures 5.5 Trillion Rubles in Agreements Amidst Growing Asian Interest

2024-09-06T19:31:03.257Z

Explore the highlights of the Eastern Economic Forum 2024, where Russia signed a record 5.5 trillion rubles in agreements. Discover the growing interest from Asian countries and the strategic importance of the Far East in the global economy.

Business

China Challenges Canada’s 100% Tariff on Electric Vehicles: A New Trade War Erupts

2024-09-06T18:02:03.682Z

China has lodged a complaint with the WTO against Canada's 100% tariffs on electric vehicles, marking a significant escalation in trade tensions. Discover the implications for global supply chains and the automotive industry.

Business

Turkey's Bold Economic Strategy: Aiming for Single-Digit Inflation and Sustainable Growth by 2027

2024-09-06T17:01:48.081Z

Discover Turkey's ambitious economic program for 2025-2027, targeting single-digit inflation and sustainable growth. Learn about the government's strategies to enhance financial stability and improve overall well-being.

Business

Supermarkets Innovate: Argentina’s Changomas and Germany’s Delfo Transform Grocery Shopping

2024-09-06T14:51:45.791Z

Explore how Changomas in Argentina and Delfo in Germany are transforming the supermarket experience through innovative marketing strategies and a focus on frozen gourmet food, amidst challenging economic conditions.

Business

Egypt Faces Energy Crisis: Domestic Gas Production Hits 6-Year Low as LNG Shipments Increase

2024-09-06T13:41:25.755Z

Egypt's domestic gas production has fallen to a six-year low, prompting the country to secure 20 LNG shipments to meet winter demand. As energy consumption is projected to rise, the shift from gas exporter to net importer raises concerns about the country's energy strategy.

Business

US Economy Faces Labor Market Challenges: 142,000 Jobs Added in August Amid Rate Cut Speculations

2024-09-06T13:11:28.260Z

The US economy added 142,000 jobs in August, falling short of expectations, while the unemployment rate decreased to 4.2%. As the labor market cools, the Federal Reserve faces pressure to cut interest rates to avert a recession. Explore the implications of these trends on the economy.

Business

Germany and France Face Industrial Production Declines Amid Auto Sector Struggles

2024-09-06T12:11:15.128Z

Discover the latest insights into Germany and France's industrial output declines, particularly in the automotive sector, and the implications for foreign trade and manufacturing.

Business

Volkswagen's Cost-Cutting Crisis and Climate Catastrophe in the Sahel: A Dual Challenge

2024-09-06T11:41:47.061Z

Explore Volkswagen's ongoing crisis as it implements drastic cost-cutting measures amidst declining sales and the devastating impact of climate change in the Sahel region, leading to floods and loss of life. Understand the dual challenges facing these sectors.

Business

Jordan's Renewable Energy Investors Rally Against Controversial New Law: A Call for Change

2024-09-06T10:11:26.868Z

Protesters in Jordan are demanding the government retract a new energy law that threatens the renewable energy sector. With over 20,000 jobs at stake, the law has sparked widespread protests and concerns about rising electricity costs for citizens.

Business

Retail Sales Surge 0.5% in July Amid Inflation Projections of 3.9% for August

2024-09-06T08:41:45.539Z

Discover how retail sales rebounded by 0.5% in July, while inflation forecasts for August indicate a rate of 3.9%. Explore the implications for GDP and unemployment as the economy navigates through these changes.