World Daily News

High-Profile Arrests Expose Disturbing Trends in Corporate Sexual Abuse

Former Abercrombie & Fitch CEO Michael Jeffries and Assu 2000's Jacques Bouthier face serious allegations of sexual misconduct and trafficking, highlighting a significant issue of abuse within corporate settings.

Business

Central Bank of Russia Increases Key Rate to 21% to Combat Inflation

2024-10-25T14:24:12.427Z

The Central Bank of Russia has raised the key interest rate to 21% to tackle persistent inflation, which remains above expectations despite slight improvements.

Business

E. coli Outbreak: First Lawsuit Filed Against McDonald's After Fatality

2024-10-25T14:14:20.563Z

The E. coli outbreak linked to McDonald's has resulted in one death and numerous illnesses, prompting a lawsuit and significant stock price decline for the fast-food chain.

Business

Algeria's Trade Sector Reforms Aim for $29 Billion in Non-Oil Exports by 2030

2024-10-25T15:05:02.628Z

Algeria is implementing significant reforms in its trade sector to diversify its economy away from hydrocarbons, aiming for $29 billion in non-oil exports by 2030. The government is focusing on regulating foreign trade to ensure local market stability while encouraging partnerships with foreign investors.

Business

Erdogan Announces Record Defense Exports at SAHA Expo 2024

2024-10-25T17:25:19.406Z

Turkish President Recep Tayyip Erdogan announced record defense exports at the SAHA Expo 2024, highlighting advancements in the country's defense industry.

Business

China Offers Duty-Free Trade to Afghanistan to Boost Economic Ties

2024-10-25T14:34:12.450Z

China has announced duty-free access for Afghanistan to enhance economic ties and support the Taliban government in diversifying its economy.

Business

New 5,000 Ruble Banknotes Rolled Out in Russia with Enhanced Security Features

2024-10-25T13:14:36.276Z

The Bank of Russia has begun circulating updated 5,000 ruble banknotes with enhanced security features, starting in regions like Altai. The new design showcases regional landmarks and will gradually replace the older series.

2024/10/24

Business

IMF Warns of Korean Economic Risks Amid US-China Tensions; Trump Victory Could Cost Germany Billions

2024-10-24T22:13:45.461Z

The IMF warns that escalating US-China trade tensions could significantly impact South Korea's economy, while a potential Trump victory in the US election may lead to substantial economic losses for Germany.

Business

Pakistan Seeks $1 Billion from IMF to Combat Climate Change

2024-10-24T17:24:48.326Z

Pakistan has formally requested $1 billion from the IMF to tackle climate change impacts, emphasizing its vulnerability and economic challenges.

Business

IMF to Assess Egypt's Economic Situation Amid Regional Conflicts

2024-10-24T17:04:31.801Z

The IMF is set to review Egypt's economic challenges amid regional conflicts that have severely impacted its revenue streams, particularly from the Suez Canal.

Business

French MPs Propose Major Tax Changes in 2025 Budget Discussions

2024-10-24T16:14:15.842Z

French MPs are currently debating over 3,500 amendments to the 2025 budget project, proposing significant changes to tax policies, including the reinstatement of the exit tax and tax exemptions for alimony payments.

Business

Boeing Workers Extend Strike After Rejecting Latest Contract Offer

2024-10-24T14:44:48.111Z

Boeing workers have extended their strike after rejecting a new contract offer that failed to meet key demands. The ongoing labor dispute has halted production of the 737 Max and led to significant financial losses for the company.

Business

Auchan to Sell Russian Subsidiary Amid Ukraine War; North Korean Soldiers Reported in Russia

2024-10-24T13:44:10.085Z

French retailer Auchan is preparing to sell its Russian subsidiary after two and a half years of operations amid the Ukraine conflict, while reports suggest North Korean soldiers may be deployed to fight for Russia.

Business

Iran's President Masoud Pezeshkian at BRICS Summit to Boost Trade Relations

2024-10-24T13:24:05.428Z

Iranian President Masoud Pezeshkian leads a high-level delegation at the BRICS summit in Kazan, focusing on enhancing economic cooperation and reducing reliance on the U.S. dollar.

Business

Major Online Scam and Telephone Fraud Cases Highlight Growing Financial Threats

2024-10-24T12:55:07.192Z

Authorities in Europe have dismantled a major online scam costing victims hundreds of millions, while BNP Paribas is ordered to reimburse a customer defrauded by telephone fraud.

Business

France Plans Airline Ticket Tax Increase Amid 2025 Budget Discussions

2024-10-24T12:34:00.302Z

The French government is moving forward with plans to increase the tax on airline tickets as part of its 2025 budget, which Transport Minister François Durovray calls a legitimate move to address aviation emissions. Concurrently, MPs have approved a tax exemption for alimony payments, aiming to support single-parent households.

Business

Africa's Wealth and Strategic Importance in Global Competition

2024-10-24T10:55:23.144Z

Africa is becoming a key player in global economic growth due to its rich natural resources and strategic location, but it faces significant infrastructure challenges amid rising competition between the U.S. and China.

Business

Oil and Gold Prices Surge Amid Middle East Tensions and US Election Uncertainty

2024-10-24T10:04:48.310Z

Oil and gold prices have surged due to rising tensions in the Middle East and uncertainty surrounding the upcoming U.S. presidential elections, with Brent crude rising to $75.87 and gold hitting a record high of $2,758.37.

Business

Italy Expands Electric Car Charging Network to Over 60,000 Points

2024-10-24T09:13:37.514Z

Italy has expanded its electric vehicle charging network to over 60,000 points, facilitating travel for electric car owners, as highlighted by a recent travel report from a German tourist.

Business

Turkey's Economic Strategy: Pursuing BRICS Membership Amidst Global Shifts

2024-10-24T09:04:09.950Z

Turkey is seeking BRICS membership to expand its global influence and economic opportunities, reflecting a strategic shift in foreign policy under President Erdogan.

Business

Marseille Launches Campaign to Remove Airbnb Key Boxes Amid Rental Surge

2024-10-24T09:03:53.535Z

Marseille's City Hall has launched a campaign to remove key boxes used for Airbnb rentals from public spaces, responding to a 45% increase in short-term rentals this year. Owners have 15 days to comply with the new regulations.

Business

China and Morocco: A Growing Economic Partnership

2024-10-24T08:04:18.006Z

China and Morocco are deepening their economic partnership, focusing on infrastructure, technology, and electric vehicle manufacturing, positioning Morocco as a key logistics hub between Africa and Europe.

Business

E. Coli Outbreak Linked to McDonald's Sliced Onions: One Dead, Nearly 50 Sick

2024-10-24T02:03:33.372Z

An E. coli outbreak linked to McDonald's Quarter Pounder burgers has resulted in one death and nearly 50 illnesses, with authorities investigating the source of the contamination, believed to be sliced onions.