German Industry Faces Billions in Losses Due to Raw Material Dependency

Amid declining trust in foreign currencies and financial institutions, Deputy Minister of Finance Alexey Moiseyev advocates for gold as a safe investment alternative for Russians, highlighting a significant increase in gold purchases since the elimination of VAT.

Scope Ratings has downgraded France's credit rating due to worsening public finances but improved its outlook to stable. In contrast, S&P has affirmed Italy's BBB rating with a stable outlook, highlighting a positive growth forecast despite high debt levels.

The US Department of Labor reports a drop in weekly unemployment claims to 241,000, contrasting with previous expectations, while continuing claims rise amid ongoing challenges in the labor market.

The IMF has raised concerns about Mauritania's economic growth prospects, projecting a 4.6% growth rate for 2024 while highlighting risks from geopolitical tensions, delays in gas field development, and weather impacts.

The Biden-Harris administration has announced $4.5 billion in student debt forgiveness for civil servants, bringing the total to $175 billion for nearly 5 million borrowers since Biden took office, as they prepare for the upcoming elections.

Kristalina Georgieva, Managing Director of the IMF, warns of weak global economic growth due to rising trade tensions, high debt levels, and geopolitical conflicts, particularly in the Middle East.

Meta has terminated approximately two dozen employees in Los Angeles for misusing meal vouchers intended for food purchases, highlighting the company's strict enforcement of policies during a restructuring phase.

This article discusses the Gearelec car radio as an affordable multimedia option for vehicles while also addressing the ongoing challenges in the electric vehicle market, highlighted by industry leaders advocating for strategic policy changes.

The upcoming BRICS summit in Kazan aims to establish a new currency and financial system for member countries, reducing reliance on the US dollar amid ongoing geopolitical tensions.

The Russian government is set to ban specific types of PET packaging starting September 1, 2025, in a move to enhance recycling efforts and reduce environmental waste.

Agnès Pannier-Runacher, France's Minister of Ecological Transition, threatens to resign if the 2025 budget does not secure adequate funding for climate initiatives, emphasizing the urgent need for investment amid recent flooding.

The ongoing strike by EDF workers in Guadeloupe has left around 71,000 homes without electricity, as power outages continue due to industrial action at the Albioma power plant. The strike, which began on September 15, addresses unresolved labor issues, including unpaid wages.

The rise of the 'longevity economy' reflects the increasing investments by billionaires and high-income individuals in health and anti-aging technologies, driven by a growing aging population and advancements in biotechnology.

Nike is running significant promotions on several flagship sneaker models, with discounts up to 35%, making it a prime time for sneaker enthusiasts to shop.

Biotechnology in Russia is witnessing significant growth, driven by ecological needs and food security, with state support crucial for future advancements.