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.
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.
Israel's Poverty Rate Remains High, Ranking Second in OECD
A report reveals that Israel has the second-highest poverty rate in the OECD, with significant disparities among different demographic groups and alarming child poverty rates.
Iran's Currency Crisis: Political Pressures and Economic Strategies
Iran's rial faces significant depreciation due to political tensions and economic policies, prompting the Central Bank to implement a new pricing mechanism aimed at stabilizing the currency.
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.
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.
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
2024/10/18
Russians Turn to Gold as Safe Haven Amid Currency Instability
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.
France Downgraded by Scope Ratings; Italy's Rating Affirmed by S&P
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.
US Weekly Unemployment Claims Drop Amid Hurricane Impact
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.
IMF Warns of Economic Risks for Mauritania Amid Growth Projections
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.
Biden Administration Announces $4.5 Billion in Student Debt Forgiveness Ahead of Elections
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.
IMF Chief Warns of Weak Global Growth Amid Rising Trade Tensions and Geopolitical Conflicts
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 Fires Employees for Misusing Meal Vouchers Amid Restructuring
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.
Navigating the Automotive Landscape: Affordable Car Radios and the Electric Vehicle Debate
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.
BRICS Summit in Kazan: Paving the Way for Financial Independence
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.
Russia to Ban Certain PET Packaging to Promote Recycling by 2025
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.
Minister of Ecological Transition Warns of Resignation Over Insufficient Climate Budget
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.
Ongoing EDF Workers' Strike Leaves 71,000 Homes in Guadeloupe Without Power
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.
Exploring the Billion-Dollar Longevity Economy: How the Wealthy Invest in Health and Longevity
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 Offers Major Discounts on Iconic Sneakers: Don't Miss Out!
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: A Sector on the Rise
Biotechnology in Russia is witnessing significant growth, driven by ecological needs and food security, with state support crucial for future advancements.