World Daily News

ArcelorMittal's Reims and Denain Sites Face Closure Amid Strikes

ArcelorMittal's service centers in Reims and Denain have gone on strike following the company's announcement of potential site closures due to declining activity in the industrial and automotive sectors.

Business

Algeria's 2025 Budget: Record Spending Amidst Significant Deficit

2024-11-24T16:51:55.284Z

Algeria's President Tebboune has approved a historic budget for 2025, featuring record spending and a significant deficit, highlighting the country's reliance on oil and gas revenues.

Business

Turkey's Trade with Arab Nations Hits Record Highs in 2024

2024-11-24T16:51:51.150Z

Turkey's trade with Arab countries has surged to record levels in 2024, with exports reaching $39.9 billion, driven by political rapprochement and strategic economic partnerships.

Business

Iraq Faces Electricity Crisis as Iranian Gas Supplies Halted

2024-11-24T19:41:56.888Z

Iraq's electricity supply faces a significant setback as Iranian gas imports are halted for maintenance, leading to a loss of 5.5 gigawatts from the national grid. The Ministry of Electricity is coordinating efforts to mitigate the impact while addressing long-standing energy challenges.

Business

Egypt's Economy Strained by Red Sea Tensions, Warns Foreign Minister

2024-11-24T20:52:05.896Z

Egyptian Foreign Minister Badr Abdel Aty warns of significant economic impacts due to escalating tensions in the Red Sea, leading to a drastic decline in Suez Canal revenues.

Business

Netanyahu's Arrest Warrants Pose Threat to Israel's Economy

2024-11-24T17:21:51.087Z

The issuance of international arrest warrants against Israeli leaders threatens the stability of Israel's economy, as highlighted by a Calcalist report, which warns of decreased foreign investment and rising debt levels.

Business

QatarEnergy Increases Stake in Offshore Namibia Exploration Blocks

2024-11-24T16:12:19.356Z

QatarEnergy has acquired additional stakes in two offshore exploration blocks in Namibia, increasing its interest in Block 2913B to 35.25% and Block 2912 to 33.025%.

2024/10/2

Business

OPEC+ Confirms Production Increases Amid Market Surplus Fears

2024-10-02T22:38:02.114Z

OPEC+ has reaffirmed its commitment to planned oil production increases despite concerns over a potential market surplus. The group will begin monthly increases starting December, yet analysts question the sustainability of these plans amid weak demand and rising supplies.

Business

US Economy Surges with 143,000 Jobs Added in September, Surpassing Expectations

2024-10-02T17:48:23.865Z

The US economy added 143,000 jobs in September, surpassing expectations and signaling a strong labor market. The Federal Reserve's recent interest rate cuts reflect ongoing economic adjustments.

Business

Thieves Steal Hundreds of Thousands in Luxury Goods from Paris Louis Vuitton Store in Just 4 Minutes

2024-10-02T17:18:10.827Z

Discover the shocking details of a recent robbery at a Louis Vuitton store in Paris where thieves made off with hundreds of thousands of euros worth of luxury goods in just 4 minutes. Explore the growing trend of luxury store heists and ongoing investigations.

Business

Gulf Wealth Funds Invest $55 Billion in Global Markets, Attracting International Talent

2024-10-02T15:58:10.435Z

Gulf wealth funds have invested $55 billion globally in 2024, dominating government-backed investments. Their growing influence is attracting international talent and reshaping economic landscapes.

Business

Delivery Drivers Earn Below Minimum Wage: New Report Reveals Alarming Trends

2024-10-02T13:28:08.704Z

A new report reveals that many delivery drivers in France earn less than the minimum hourly wage, raising concerns about financial stability and the need for platform accountability.

Business

Gold and Silver Prices Skyrocket in 2024 as Central Banks Stockpile Precious Metals

2024-10-02T13:18:33.903Z

Gold and silver prices have surged by 27.5% and 37% respectively in 2024, driven by central bank purchases and economic uncertainty. Analysts predict further increases as demand for safe-haven assets rises.

Business

Unlock Your Earnings: Essential Strategies to Make Money on Instagram in 2024

2024-10-02T12:08:33.826Z

Discover effective strategies to monetize your Instagram account in 2024, regardless of your follower count. Learn how to engage your audience and leverage various monetization tools to turn your passion into profit.

Business

ABBYY Implements Mass Layoffs Amid Transformation Strategy, Sparking Russophobia Concerns

2024-10-02T12:08:20.769Z

ABBYY, a leading software developer, has laid off a significant number of Russian employees as part of its transformation strategy, raising concerns over discrimination and Russophobia. Learn more about the implications of these layoffs and the company's future direction.

Business

Saudi Arabia Warns Oil Prices Could Plunge to $50 Amid OPEC+ Compliance Issues

2024-10-02T11:48:57.516Z

Saudi Energy Minister warns oil prices may drop to $50 if OPEC+ members do not comply with production cuts, as the kingdom prepares to increase production to regain market share.

Business

S&P Lowers Israel's Credit Rating Amid Escalating Conflict with Hezbollah

2024-10-02T10:48:36.539Z

Standard & Poor's downgrades Israel's credit rating amid escalating conflict with Hezbollah, citing security risks and economic challenges. The move follows Moody's recent downgrade, reflecting heightened tensions and potential long-term implications for the Israeli economy.

Business

Moody's Downgrades Israel's Credit Rating, Forecasts Economic Growth Plummet to 1.5%

2024-10-02T08:48:31.998Z

Moody's has downgraded Israel's credit rating to Baa1, projecting economic growth to fall to 1.5% in 2025 amid ongoing conflicts and political tensions. This article explores the implications of this downgrade and the challenges facing Israel's economy.

Business

Electric and Hybrid Vehicle Launches: What’s Coming After the Holidays

2024-10-02T06:38:59.143Z

Explore the upcoming wave of electric and hybrid vehicles set to launch post-holidays, featuring models like the Cadillac Lyriq and Alfa Romeo Junior, promising innovation and performance.