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

Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support

2024-11-04T18:47:41.805Z

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.

Business

IKEA to Pay €6 Million to Compensate East German Forced Labor Victims

2024-11-04T15:37:43.330Z

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.

Business

Russia to Increase Maternity Capital and Social Benefits in 2025

2024-11-05T02:16:53.296Z

Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.

Business

Impact of US Elections on Israeli Economy: Trump vs. Harris

2024-11-04T16:26:54.373Z

The upcoming US elections are set to influence the Israeli economy significantly, with candidates Trump and Harris proposing contrasting economic policies that could reshape international trade and investment.

Business

Boeing Workers Ratify Agreement, Ending Costly Strike

2024-11-05T06:47:16.455Z

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.

Business

Trump vs. Harris: Economic Implications for the U.S. and Germany

2024-11-04T15:19:02.737Z

As the U.S. election approaches, the volatile stock of Trump Media reflects the political stakes, while experts warn of significant economic repercussions for Germany if Trump wins.

Business
2024-11-03T10:47:28.553Z

Dollar's Surge Linked to Trump Election Prospects

2024/9/21

Business

Swiss Watch Exports Plummet: Industry Faces Decline Amid Market Pressures

2024-09-21T17:05:32.147Z

Swiss watch exports fell to 1.2 million units in August, facing significant challenges in key markets like China and Hong Kong. Despite a rise in total export value, the industry struggles with declining demand and pressure on pricing. Government support and strategic adjustments are critical for recovery.

Business

Brazil Set to Join China's Belt and Road Initiative Amid Declining Investments

2024-09-21T16:15:48.347Z

Brazil is preparing to join China's Belt and Road Initiative, with President Xi Jinping expected to announce the accession in November. Despite a decline in Chinese investments, the partnership promises significant economic benefits and may impact Brazil's relations with the United States.

Business

Ethiopia's Currency Crisis: Birr Devalued by 30% Amid Economic Struggles

2024-09-21T14:35:05.259Z

Ethiopia faces economic challenges as the birr is devalued by 30%, leading to soaring prices and inflation. Despite short-term pain, experts believe reforms may benefit the economy in the long run.

Business

Iraq's Central Bank Takes Bold Steps to Strengthen Economy and Financial Systems

2024-09-21T13:45:21.773Z

The Central Bank of Iraq is implementing key strategies to enhance economic stability, reduce reliance on the US dollar, and promote digital banking, aiming for a resilient financial future.

Business

SNCF's Regional Express Transport Struggles with Quality Amid Surge in Passengers

2024-09-21T12:25:33.960Z

In 2023, SNCF's Regional Express Transport (TER) experienced a significant rise in passengers but continues to struggle with service quality, facing increasing delays and cancellations, according to a new report from the Court of Auditors.

Business

Saudi Arabia Commits $5 Billion to Boost Egypt's Economic Recovery Amid Strategic Asset Sales

2024-09-21T11:04:58.625Z

Saudi Arabia pledges $5 billion to Egypt as the nation seeks to recover from an economic crisis, alongside plans for significant asset sales and international bond issuance.

Business

Economic Divide: Why Europe Struggles to Compete with the U.S.

2024-09-21T10:35:36.613Z

Explore the widening economic gap between Europe and the United States, as detailed in a Financial Times analysis. Discover the challenges Europe faces in catching up with U.S. growth, including demographic shifts, social welfare expectations, and technological advancements.

Business

Volkswagen Plans Major Job Cuts: Up to 30,000 Positions at Risk Amid Cost-Saving Measures

2024-09-21T06:35:54.428Z

Volkswagen is set to cut up to 30,000 jobs in Germany as part of a significant austerity program aimed at saving five billion euros. The company's future investment plans and operational strategies are under review, with several plants at risk of closure.

Business

Mercedes-Benz Shares Plunge 8.4% as Chinese Demand Declines and Electric Sales Struggle

2024-09-21T05:07:09.895Z

Mercedes-Benz shares fell 8.4% due to declining demand in China, prompting a profit forecast cut. The luxury automaker faces challenges in electric vehicle sales amid stricter EU emissions rules.

Business

Algeria's Marjan Chocolate Faces Ban in France Amidst Growing Demand

2024-09-21T05:05:46.611Z

Algeria's Marjan Chocolate faces a controversial ban in France despite its growing popularity, raising questions about economic interests and safety standards in the European market.

Business

Beware of Real Estate Investment Schemes: Expert Advice on Avoiding Financial Pitfalls

2024-09-21T01:14:56.300Z

Learn how to identify and avoid dangerous real estate investment schemes that promise high returns with little risk. Expert advice on protecting your finances and reporting fraud.