German Industry Faces Billions in Losses Due to Raw Material Dependency

The Ugandan government has signed a $3 billion agreement with Turkish firm Yapi Merkezi to construct a 273-kilometer railway linking Uganda to Kenya, enhancing regional trade and economic integration.

Egypt plans to increase natural gas production from the Zohr field in the Mediterranean through new drilling operations by Eni, aiming to restore production levels and enhance investments in the sector.

The Rapid Support Forces in Sudan have announced a ban on exports to Egypt, citing political tensions and accusations against Cairo. While the ban raises concerns for Sudanese farmers and producers, experts believe its economic impact may be limited as trade routes remain operational.

Germany is facing a slight recession with GDP expected to shrink by 0.1% in the third quarter of 2024, marking the second consecutive year of economic contraction since reunification.

The proposed sale of Sanofi's Doliprane production site in Lisieux to American investment fund CD&R has sparked protests among employees and concerns from local officials about job security and industrial sovereignty.

French authorities have seized over 70 million euros in assets belonging to two Russian oligarchs as part of a money laundering investigation, highlighting the country's commitment to combating financial crimes.

A World Bank report reveals that the 26 poorest countries are facing record-high debt levels, with significant implications for their economies and vulnerability to crises, including four Arab nations: Sudan, Somalia, Syria, and Yemen.

The ongoing Gaza conflict has led to a significant increase in Israeli investments in U.S. stocks, particularly the S&P 500, raising concerns about the impact on the local economy and future investment opportunities.

The closure of the Al-Karamah crossing has raised serious concerns for Palestinian farmers as they face challenges in exporting olive oil, a vital source of income for thousands of families, amid the ongoing olive harvest season.

Union representatives in France are urging the government to ensure that Sanofi retains control of Doliprane production amid plans to sell its subsidiary Opella to the American investment fund CD&R, citing concerns over health sovereignty and local jobs.

Haotian Sun and Pengfei Xue were sentenced to prison for a scheme that defrauded Apple of over $2.5 million by submitting counterfeit iPhones for warranty replacements.