German Industry Faces Billions in Losses Due to Raw Material Dependency

Germany's economy is set to contract by 0.2% in 2024, marking a second consecutive year of decline, as government forecasts reflect ongoing challenges including weak domestic demand and rising competition.

The Israeli economy is under pressure due to ongoing conflict, with UBS outlining three potential scenarios for the shekel's performance and fiscal health in the coming year.

Israeli banks have accused Finance Minister Bezalel Smotrich of violating a prior agreement regarding a new tax, which was initially set for 2024-2025 but is now proposed to extend into 2026, raising concerns over government credibility.

An IndiGo flight faced a five-hour delay as the pilot refused to take off after exceeding his working hours, igniting a debate over safety versus customer service.

Iraq's industrial sector has experienced a significant decline over the past three decades, primarily due to political instability and corruption. However, recent government initiatives signal a potential revival in the industry, focusing on investment and local production.

Iranian Oil Minister Mohsen Paknejad visited Kharg Island, Iran's largest oil port, amid rising tensions with Israel following a missile attack. Iran's oil production has significantly increased, driven by Chinese demand, but military threats could impact vital supplies.

Syria faces a challenging economic recovery after a decade of conflict, with President Assad proposing a reinterpretation of socialist economics as a potential solution. However, experts express skepticism about the effectiveness of current measures and advocate for a new development model.

The Saudi stock market is experiencing a significant decline due to escalating regional tensions and falling oil prices, raising concerns among investors about the market's stability and future prospects.

China's economy shows signs of recovery with new stimulus measures, but challenges like high youth unemployment and a struggling real estate sector remain.

Truckers in Alsace are planning a go-slow protest against a proposed heavy goods vehicle tax set to be introduced in 2027. The tax aims to address rising truck traffic due to higher fees on German motorways, but local economic groups fear it will negatively impact all sectors and consumer purchasing power.

As youth unemployment rises in the Arab world, choosing the right college major becomes crucial. This article explores the top 10 college majors projected to be in demand over the next 30 years, along with their current and future salary expectations.

German car manufacturers are concerned about the European Union's decision to impose tariffs on Chinese electric vehicles, warning it could lead to higher consumer prices and damage the automotive industry.

Saudi Arabia's plan to increase oil production could severely impact the Russian economy, which relies on oil revenues. As global tensions rise, the International Energy Agency warns of potential instability in the oil market.