World Daily News

CATL to Launch 1,000 Battery Replacement Centers in China

CATL, the world's largest electric vehicle battery maker, plans to open 1,000 battery replacement centers in China next year to enhance EV charging convenience.

Business

Apple Joins Google Antitrust Trial Over Search Revenue Agreements

2024-12-25T13:29:45.475Z

Apple has requested to participate in Google's antitrust trial, citing the need to defend its revenue-sharing agreements with Google, which are crucial for its income from search services.

Business

IMF Approves $1.2 Billion Disbursement to Egypt Amid Economic Reforms

2024-12-25T12:39:29.623Z

The IMF has agreed to disburse $1.2 billion to Egypt as part of an $8 billion loan, contingent on ongoing economic reforms and approval from the Fund's Executive Board.

Business

Trump's Proposed Tariffs: A Path to U.S. Trade Isolation?

2024-12-25T14:59:44.005Z

Experts warn that President-elect Donald Trump's proposed tariffs could lead to significant changes in international trade, potentially isolating the U.S. economically and sparking new trade wars.

Business

Bitcoin's Historic Rise in 2024: Key Drivers and Market Impact

2024-12-25T14:59:52.182Z

Bitcoin experienced a remarkable price increase of 129% in 2024, reaching $98,000 per unit, driven by regulatory approvals, institutional investments, and significant political support.

Business

Russian Gas Exports to Europe Set to Rise Amid Transit Uncertainties

2024-12-25T14:09:36.465Z

Russian gas exports to Europe are expected to rise by 20% in 2024, despite the looming expiration of a crucial gas transit agreement with Ukraine, which could disrupt supplies and lead to an energy crisis in Europe.

Business

Türkiye to Raise Minimum Wage to $630 in 2025 Amid Economic Challenges

2024-12-25T11:19:53.302Z

Turkish President Recep Tayyip Erdogan announced a 30% increase in the minimum wage to $630 in 2025, impacting 9 million workers and raising concerns about inflation.

2024/10/28

Business

Bangladesh Central Bank Governor Accuses Businessmen of $17 Billion Theft

2024-10-28T19:25:04.629Z

Bangladesh's new central bank governor has accused businessmen linked to the former regime of stealing $17 billion from the banking sector, claiming military intelligence facilitated the theft.

Business

France's Social Security Budget Faces Urgent Review Amid Deficit Crisis

2024-10-28T19:05:16.818Z

The examination of France's Social Security budget begins under urgent circumstances, with a significant deficit looming and contentious political debates expected.

Business

Salmonella Risk Prompts Recall of Eggs Across France

2024-10-28T17:25:23.918Z

New recalls of potentially contaminated eggs in France due to salmonella risk have been announced, affecting several brands and prompting consumer warnings.

Business

Hospital Unions Launch Strike Against Social Security Budget Cuts

2024-10-28T16:24:54.095Z

Four unions representing hospital staff in France have announced a national strike from November 4 to December 21 in response to proposed changes in sick leave policies and budget cuts.

Business

BRICS Summit Sparks New Energy Partnerships Between Turkey and Russia

2024-10-28T15:55:35.550Z

The BRICS summit in Kazan has led to Turkey's invitation to Russia's Rosatom to build a second nuclear power plant, indicating a significant shift in energy partnerships and geopolitical dynamics.

Business

China's Economic Slump Forces Global Companies to Rethink Strategies

2024-10-28T15:35:40.262Z

Global companies are adjusting strategies amid China's economic downturn, focusing on cost-cutting and changing consumer behavior.

Business

Volkswagen Plans Major Plant Closures in Germany Amid Financial Crisis

2024-10-28T15:15:45.900Z

Volkswagen is set to close at least three plants in Germany, potentially laying off tens of thousands of employees as part of a cost-saving strategy.

Business

Israel Proposes Freezing Minimum Wage and Pensions Amid War Costs

2024-10-28T12:15:25.128Z

Israel's Finance Ministry plans to freeze minimum wage and pension increases to manage war costs, drawing significant opposition and raising concerns over economic impact.

Business

Volkswagen Announces Major Factory Closures and Job Cuts in Germany

2024-10-28T12:14:59.773Z

Volkswagen plans to close at least three factories in Germany, resulting in tens of thousands of job cuts as part of a strategy to save ten billion euros by 2026.

Business

Oil Prices Drop Over 5% After Israeli Strikes on Iran

2024-10-28T10:55:07.017Z

Oil prices fell over 5% following Israeli airstrikes on Iran that spared key energy sites, easing fears of supply disruptions and lowering geopolitical risk premiums.

Business

Russia Enforces Six-Day Work Week Until November 2, 2024

2024-10-28T10:35:14.802Z

Russia has initiated a six-day work week from October 28 to November 2, 2024, with a subsequent four-day work week for National Unity Day, amid legal and expert advice on managing workloads.

Business

IMF Warns of Rising Debt and Economic Strain Amid Gaza Conflict

2024-10-28T09:45:34.382Z

The IMF has raised alarms over global debt and economic growth amid the ongoing Gaza conflict, projecting a slight decline in growth for the Middle East while urging governments to manage fiscal pressures.

Business

Exploring the Leading Fintech Applications in the Arab Region

2024-10-28T09:44:45.190Z

The fintech sector in the Arab region is rapidly expanding, driven by innovative applications and a young, tech-savvy population. Key players include Fawry, MNT-Halan, and others, contributing to a projected market growth from $1.36 billion in 2023 to $1.51 billion in 2024.

Business

Israel's Ministry of Defense Signs NIS 2 Billion Deal for Laser Defense System

2024-10-28T08:04:48.414Z

The Israeli Ministry of Defense has signed a NIS 2 billion deal to expand the 'Magen Or' laser interception system, enhancing aerial defense capabilities and reducing operational costs.

Business

McDonald's to Resume Quarter Pounder Sales After E. coli Testing

2024-10-28T03:04:45.128Z

McDonald's will resume selling Quarter Pounders after testing confirmed no E. coli in their beef, addressing an outbreak linked to their burgers.