World Daily News

ArcelorMittal's Reims and Denain Sites Face Closure Amid Strikes

ArcelorMittal's service centers in Reims and Denain have gone on strike following the company's announcement of potential site closures due to declining activity in the industrial and automotive sectors.

Business

EU and China Close to Agreement on Electric Car Tariffs

2024-11-23T13:11:51.931Z

The EU and China are nearing a deal on electric car tariffs, with potential commitments from China to sell at minimum prices to address competition concerns.

Business

Moody's Upgrades Saudi Arabia's Credit Rating to Aa3 Amid Economic Reforms

2024-11-23T11:31:46.333Z

Moody's has upgraded Saudi Arabia's credit rating to Aa3, citing progress in economic diversification and the Vision 2030 plan.

Business

US Charges Adani Group with Bribery, Resulting in $27 Billion Loss

2024-11-23T16:11:49.452Z

The US has charged India's Adani Group with bribery involving $265 million to secure solar energy contracts, leading to a $27 billion loss in market value. The group denies the allegations, calling them baseless, while facing significant financial repercussions.

Business

U.S. National Debt Hits Record High: Implications and Future Risks

2024-11-23T21:31:35.648Z

The U.S. national debt has reached an unprecedented $36.03 trillion, with projections indicating a rise to $57 trillion by 2034. This escalating debt poses significant risks to the economy and global financial stability, as the cost of servicing the debt surpasses defense spending for the first time. Experts warn that without immediate action, the U.S. may face a fiscal crisis, impacting both domestic priorities and international confidence.

Business

Study Reveals Tesla Cars Have Highest Fatal Crash Rate Among Vehicles

2024-11-23T13:51:23.561Z

A new study reveals that Tesla vehicles have the highest fatal crash rate among comparable cars, raising concerns about driver behavior and the safety of automated systems.

Business

Passengers Face Long Delays on TGV and Ouigo Trains Amid Technical Failures

2024-11-23T11:01:33.986Z

Passengers on TGV and Ouigo trains faced significant delays due to technical failures, leading to frustrations and compensation offers from SNCF.

2024/9/18

Business

US Federal Reserve Cuts Interest Rates: What It Means for the Economy and Housing Market

2024-09-18T20:04:32.684Z

The US Federal Reserve has cut interest rates for the first time since March 2020. This move is set to impact the economy and the housing market, potentially easing borrowing costs but complicating housing affordability. Discover the implications of this decision.

Business

Federal Reserve Cuts Interest Rates by Half a Point: A Bold Move Towards Economic Stability

2024-09-18T19:24:15.423Z

The Federal Reserve has made a historic decision to cut interest rates by half a point for the first time since 2020, aiming to stabilize the economy and prevent a recession. This move is expected to ease financial burdens on Americans and stimulate investment growth.

Business

Delta Air Lines Flight Returns to Salt Lake City After Pressurization Crisis Affects Passengers

2024-09-18T17:54:22.924Z

Delta Air Lines Flight 1203 returned to Salt Lake City shortly after takeoff due to a pressurization issue that caused nosebleeds among passengers. The FAA is investigating the incident, marking a troubling trend for the airline.

Business

US Federal Reserve Set to Cut Interest Rates: Global Economic Impact Expected

2024-09-18T15:34:42.019Z

The US Federal Reserve is expected to announce an interest rate cut, impacting borrowers, banks, and global markets. Learn about the potential winners and losers in this pivotal economic shift.

Business

Turkey's Akkuyu Nuclear Power Plant Delayed: Siemens Energy's Component Shortage Forces Shift to China

2024-09-18T14:54:50.016Z

Turkey's Akkuyu nuclear power plant faces delays due to component shortages from Siemens Energy, prompting a shift to Chinese suppliers. The $20 billion project aims to enhance Turkey's energy independence and sustainability.

Business

Google Triumphs Over EU Antitrust Fine as Qualcomm Faces Setback

2024-09-18T14:34:37.318Z

Google has won a significant legal battle against a €1.49 billion antitrust fine imposed by the EU, while Qualcomm's appeal against its own fine was largely unsuccessful. This ruling could reshape future antitrust proceedings in Europe.

Business

Federal Reserve Set to Cut Interest Rates: Implications for Economy and Housing Market

2024-09-18T14:24:37.642Z

The Federal Reserve is expected to announce its first interest rate cut since 2020, which could have significant implications for the U.S. economy and the housing market. Explore how this move may affect inflation, employment, and housing affordability.

Business

Dairy Queen Aims to Open 100-200 Restaurants in France by 2026

2024-09-18T14:14:16.458Z

Dairy Queen plans to enter the French fast-food market with 100-200 restaurants by 2026, focusing on ice cream and burgers. The brand seeks an experienced local partner for franchising.

Business

Sudan and Russia Forge New Mining Partnerships Amid Economic Challenges

2024-09-18T13:05:26.709Z

Sudan's Minister of Minerals meets with Russian delegation to enhance mining cooperation, while also resuming partnerships with Chinese companies for gold and copper production amidst ongoing challenges in the sector.

Business

France and Italy Tackle Public Deficit Challenges: Insights from Moscovici and New Budget Plans

2024-09-18T10:15:19.801Z

Explore the critical insights from Pierre Moscovici on France's public finances and Italy's ambitious Medium-Term Structural Budget Plan aimed at fiscal responsibility and growth.

Business

European Court of Justice Overturns €1.5 Billion Fine Against Google, Citing Assessment Errors

2024-09-18T09:34:53.901Z

The European Court of Justice has annulled a €1.5 billion fine against Google, citing errors in the European Commission's assessment of the case. This decision reflects ongoing legal challenges faced by Google in the realm of competition law.

Business

Russia's Strategic Budget Plan: Aiming for Economic Growth and Social Support

2024-09-18T08:54:20.405Z

Explore how Russia's upcoming budget strategy focuses on national development goals, social support, and technological advancement, aiming for sustainable economic growth.