Saudi Arabia Innovates Lithium Extraction from Oil Wells
Saudi Arabia has successfully extracted lithium from oil well brine, aiming to launch a commercial pilot program to support the electric vehicle industry.
Interest Rate for Home Savings Plans Drops to 1.75% in 2025
The interest rate for home savings plans (PEL) will decrease to 1.75% starting January 1, 2025, marking the first reduction in over eight years.
Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services
The Central Bank of Syria has set the exchange rate of the lira at 15,000 to the dollar and resumed ATM operations, introducing electronic payment services to enhance banking stability.
Flamanville EPR Reactor to Connect to Grid on December 20, 2024
The Flamanville EPR reactor in France is set to connect to the electricity grid on December 20, 2024, marking a significant milestone in the country's nuclear energy revival.
Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities
Tunisia faces a severe crisis in its olive oil sector, with prices plummeting and farmers protesting due to lack of demand and liquidity. The crisis stems from aggressive anti-corruption measures and international competition, highlighting the need for comprehensive reforms.
AI-Powered Radar to Detect Drunk Drivers Tested in UK
AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.
The Economic Effects of Syrian Refugees Returning to Türkiye
Challenges for Western Companies in China Amid Economic and Geopolitical Tensions
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Russia Announces 7.3% Pension Indexation for Working Pensioners in 2025
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Russia Allocates 18.4 Billion Rubles to Boost Domestic Auto Industry
2024/10/16
Russia's Central Bank Predicts Non-Cash Payments Will Reach 92% by 2026
The Central Bank of Russia forecasts that the share of non-cash payments in retail turnover will reach 92% by 2026, reflecting a significant shift towards digital finance driven by technological advancements and changing consumer behavior.
Police in France and Italy Uncover Major Wine Counterfeiting Operation
French and Italian police have dismantled a major wine counterfeiting network, arresting six individuals and seizing counterfeit bottles valued at over 2 million euros.
IEA Forecasts Peak in Fossil Fuel Demand, Signals Transition to Electricity Era
The International Energy Agency predicts a peak in global fossil fuel demand by 2030, signaling a transition to an 'electricity era' driven by renewable energy sources.
Chinese Manufacturers Challenge European Car Industry at Paris Motor Show
The Paris Motor Show highlights the growing influence of Chinese electric vehicle manufacturers, with Xpeng and BYD showcasing competitive models that challenge traditional European brands. Stellantis responds by introducing affordable electric cars, as the industry adapts to new EU emissions regulations.
Claudia Sheinbaum Vows Safe Environment for Foreign Investments in Mexico
Mexican President Claudia Sheinbaum reassured foreign investors of safety and certainty in investments during the CEO Dialogue summit, where business leaders pledged $20 billion in investments by 2025.
Airbus Announces 2,500 Job Cuts as Defense Sector Faces Economic Struggles
Airbus has revealed plans to cut 2,500 jobs in its defense and space division by mid-2026, following significant financial losses and increased competition in the aerospace industry.
Lafarge Group Faces Trial for Alleged Terrorism Financing in Syria
Lafarge Group is set to stand trial for financing terrorism in Syria, accused of paying millions to jihadist groups to maintain operations at a cement plant during the conflict.
Germany's Economy Faces Contraction Amid Deepening Challenges
Germany's economy is projected to contract by 0.2% in 2024, indicating a challenging outlook as it faces a two-year recession, driven by both external and internal factors.
Why the US Economy Continues to Outperform Its Global Competitors
The US economy has shown remarkable resilience and growth over the past three decades, outperforming other advanced economies despite various challenges. Recent reports highlight its strong recovery post-COVID-19 and ongoing economic dynamism.
Associations File Appeal Against CNAF's Fraud Detection Algorithm
Fifteen associations have appealed to the Council of State to remove an algorithm used by the CNAF for fraud detection, arguing it discriminates against vulnerable beneficiaries.
Get Ready for the LOTO Mega Jackpot of 15 Million Euros on October 16, 2024
On October 16, 2024, players can win a mega jackpot of 15 million euros in the LOTO draw, while the EuroMillions results from October 15 revealed a jackpot of 38 million euros.
Trump's Cryptocurrency Platform Faces Major Launch Challenges
Trump's cryptocurrency platform, World Liberty Financial, struggles with low sales and technical issues, raising questions about its future viability.
Shell Corporation Sued for €1 Billion Over Sakhalin-2 Project Failures
The Arbitration Court of Moscow has accepted a lawsuit from the Prosecutor General's Office against Shell Corporation, seeking over €1 billion for failures related to the Sakhalin-2 oil and gas project.
The Future of the Olive Oil Industry: Traditional Farmers vs. Intensive Farms
The olive oil industry in southern Spain is facing significant challenges due to climate change, leading to a competition between traditional farmers and intensive farms. While the latter benefits from modern technology and irrigation, traditional farmers argue for the superior quality of their produce.
SCO Summit Highlights Economic Opportunities for Pakistan
The recent Shanghai Cooperation Organization summit in Pakistan emphasized economic cooperation among member states, focusing on trade, investment, and infrastructure, particularly through the China-Pakistan Economic Corridor.
Saudi Crown Prince Mohammed bin Salman Visits Cairo to Boost Economic Ties Amid Regional Crises
Saudi Crown Prince Mohammed bin Salman arrived in Cairo to discuss strengthening economic relations and addressing regional crises, notably in Lebanon and Gaza, amid Egypt's pressing economic challenges.
European Inflation Rates Decline Significantly in September 2024
Recent reports indicate a significant slowdown in inflation rates across Europe, with Italy recording a 0.7% increase and France at 1.1% year-on-year in September 2024, primarily driven by falling energy prices.
French Government Seeks Guarantees on Doliprane Supply Amid Potential Sale
The French government is demanding assurances regarding the production and supply of Doliprane following Sanofi's announcement of a potential sale to an American investment fund, raising concerns over health sovereignty and medicine availability.
UK and France Experience Significant Inflation Slowdown in September 2024
Inflation rates in the UK and France have significantly declined in September 2024, with the UK reporting a drop to 1.7% and France at 1.1%, driven by decreases in energy prices.
How Oil Price Fluctuations Impact Consumers Amid Middle East Tensions
Rising oil prices due to escalating tensions in the Middle East are significantly impacting consumers, leading to higher costs across various sectors and exacerbating economic inequalities.
IMF Warns of Continued Rise in Global Public Debt, Projecting $100 Trillion by Year-End
The International Monetary Fund has warned that global public debt is expected to exceed $100 trillion by the end of 2024, representing 93% of GDP, and may reach 100% by 2030, urging countries to take immediate fiscal action.