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.

2024/10/2

Business

OPEC+ Confirms Production Increases Amid Market Surplus Fears

2024-10-02T22:38:02.114Z

OPEC+ has reaffirmed its commitment to planned oil production increases despite concerns over a potential market surplus. The group will begin monthly increases starting December, yet analysts question the sustainability of these plans amid weak demand and rising supplies.

Business

US Economy Surges with 143,000 Jobs Added in September, Surpassing Expectations

2024-10-02T17:48:23.865Z

The US economy added 143,000 jobs in September, surpassing expectations and signaling a strong labor market. The Federal Reserve's recent interest rate cuts reflect ongoing economic adjustments.

Business

Thieves Steal Hundreds of Thousands in Luxury Goods from Paris Louis Vuitton Store in Just 4 Minutes

2024-10-02T17:18:10.827Z

Discover the shocking details of a recent robbery at a Louis Vuitton store in Paris where thieves made off with hundreds of thousands of euros worth of luxury goods in just 4 minutes. Explore the growing trend of luxury store heists and ongoing investigations.

Business

Gulf Wealth Funds Invest $55 Billion in Global Markets, Attracting International Talent

2024-10-02T15:58:10.435Z

Gulf wealth funds have invested $55 billion globally in 2024, dominating government-backed investments. Their growing influence is attracting international talent and reshaping economic landscapes.

Business

Delivery Drivers Earn Below Minimum Wage: New Report Reveals Alarming Trends

2024-10-02T13:28:08.704Z

A new report reveals that many delivery drivers in France earn less than the minimum hourly wage, raising concerns about financial stability and the need for platform accountability.

Business

Gold and Silver Prices Skyrocket in 2024 as Central Banks Stockpile Precious Metals

2024-10-02T13:18:33.903Z

Gold and silver prices have surged by 27.5% and 37% respectively in 2024, driven by central bank purchases and economic uncertainty. Analysts predict further increases as demand for safe-haven assets rises.

Business

Unlock Your Earnings: Essential Strategies to Make Money on Instagram in 2024

2024-10-02T12:08:33.826Z

Discover effective strategies to monetize your Instagram account in 2024, regardless of your follower count. Learn how to engage your audience and leverage various monetization tools to turn your passion into profit.

Business

ABBYY Implements Mass Layoffs Amid Transformation Strategy, Sparking Russophobia Concerns

2024-10-02T12:08:20.769Z

ABBYY, a leading software developer, has laid off a significant number of Russian employees as part of its transformation strategy, raising concerns over discrimination and Russophobia. Learn more about the implications of these layoffs and the company's future direction.

Business

Saudi Arabia Warns Oil Prices Could Plunge to $50 Amid OPEC+ Compliance Issues

2024-10-02T11:48:57.516Z

Saudi Energy Minister warns oil prices may drop to $50 if OPEC+ members do not comply with production cuts, as the kingdom prepares to increase production to regain market share.

Business

S&P Lowers Israel's Credit Rating Amid Escalating Conflict with Hezbollah

2024-10-02T10:48:36.539Z

Standard & Poor's downgrades Israel's credit rating amid escalating conflict with Hezbollah, citing security risks and economic challenges. The move follows Moody's recent downgrade, reflecting heightened tensions and potential long-term implications for the Israeli economy.

Business

Moody's Downgrades Israel's Credit Rating, Forecasts Economic Growth Plummet to 1.5%

2024-10-02T08:48:31.998Z

Moody's has downgraded Israel's credit rating to Baa1, projecting economic growth to fall to 1.5% in 2025 amid ongoing conflicts and political tensions. This article explores the implications of this downgrade and the challenges facing Israel's economy.

Business

Electric and Hybrid Vehicle Launches: What’s Coming After the Holidays

2024-10-02T06:38:59.143Z

Explore the upcoming wave of electric and hybrid vehicles set to launch post-holidays, featuring models like the Cadillac Lyriq and Alfa Romeo Junior, promising innovation and performance.