World Daily News

The Economic Effects of Syrian Refugees Returning to Türkiye

The return of Syrian refugees to Türkiye following the fall of Bashar al-Assad's regime presents both opportunities and challenges for the Turkish economy, particularly in labor markets and investment sectors.

Business

Interest Rate for Home Savings Plans Drops to 1.75% in 2025

2024-12-18T13:28:02.354Z

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.

Business

AI-Powered Radar to Detect Drunk Drivers Tested in UK

2024-12-18T13:27:41.802Z

AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.

Business

Israel's Poverty Rate Remains High, Ranking Second in OECD

2024-12-18T17:47:27.442Z

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.

Business

Iran's Currency Crisis: Political Pressures and Economic Strategies

2024-12-18T17:48:04.421Z

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.

Business

Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities

2024-12-18T14:07:25.529Z

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.

Business

Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services

2024-12-18T12:47:45.497Z

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.

2024/10/18

Business

Russians Turn to Gold as Safe Haven Amid Currency Instability

2024-10-18T23:02:25.033Z

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.

Business

France Downgraded by Scope Ratings; Italy's Rating Affirmed by S&P

2024-10-18T22:12:19.866Z

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.

Business

US Weekly Unemployment Claims Drop Amid Hurricane Impact

2024-10-18T20:12:35.854Z

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.

Business

IMF Warns of Economic Risks for Mauritania Amid Growth Projections

2024-10-18T18:52:51.663Z

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.

Business

Biden Administration Announces $4.5 Billion in Student Debt Forgiveness Ahead of Elections

2024-10-18T18:02:21.188Z

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.

Business

IMF Chief Warns of Weak Global Growth Amid Rising Trade Tensions and Geopolitical Conflicts

2024-10-18T14:12:44.694Z

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.

Business

Meta Fires Employees for Misusing Meal Vouchers Amid Restructuring

2024-10-18T13:32:05.669Z

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.

Business

Navigating the Automotive Landscape: Affordable Car Radios and the Electric Vehicle Debate

2024-10-18T10:33:14.165Z

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.

Business

BRICS Summit in Kazan: Paving the Way for Financial Independence

2024-10-18T10:13:42.895Z

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.

Business

Russia to Ban Certain PET Packaging to Promote Recycling by 2025

2024-10-18T10:12:49.446Z

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.

Business

Minister of Ecological Transition Warns of Resignation Over Insufficient Climate Budget

2024-10-18T09:13:12.261Z

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.

Business

Ongoing EDF Workers' Strike Leaves 71,000 Homes in Guadeloupe Without Power

2024-10-18T08:12:27.164Z

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.

Business

Exploring the Billion-Dollar Longevity Economy: How the Wealthy Invest in Health and Longevity

2024-10-18T08:03:08.706Z

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.

Business

Nike Offers Major Discounts on Iconic Sneakers: Don't Miss Out!

2024-10-18T06:13:02.860Z

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.

Business

Biotechnology in Russia: A Sector on the Rise

2024-10-18T02:12:06.335Z

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