German Industry Faces Billions in Losses Due to Raw Material Dependency

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.

French and Italian police have dismantled a major wine counterfeiting network, arresting six individuals and seizing counterfeit bottles valued at over 2 million euros.

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.

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.

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 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 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 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.

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.

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.

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, World Liberty Financial, struggles with low sales and technical issues, raising questions about its future viability.

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 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.

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 arrived in Cairo to discuss strengthening economic relations and addressing regional crises, notably in Lebanon and Gaza, amid Egypt's pressing economic challenges.

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.

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.

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.

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.

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.