World Daily News

Explosion at Mexican Steel Mill Results in 13 Fatalities

A steel mill explosion in Tlaxcala, Mexico, has resulted in 13 fatalities, prompting investigations into the cause.

Business

Are Women Better Investors Than Men? Insights and Challenges

2024-10-31T15:25:53.102Z

Research shows that women outperform men in long-term investing, yet face challenges due to stereotypes and underrepresentation in the financial sector.

Business

French Court Allows Israeli Companies to Participate in Euronaval 2024

2024-10-31T19:16:33.087Z

The Paris Commercial Court has overturned a ban on Israeli companies participating in the Euronaval exhibition, allowing their presence amid ongoing tensions between France and Israel.

Business

How Trump's Tariff Plans Could Devastate the British Economy

2024-10-31T18:26:08.073Z

The potential re-election of Donald Trump could lead to significant tariffs on British imports, threatening the economy and international trade relations.

Business

Paris Stock Exchange Declines as Investors React to Economic Uncertainty

2024-10-31T17:36:07.331Z

The Paris Stock Exchange faced a decline with the CAC 40 index dropping 1.05% amid disappointing corporate results and economic uncertainty.

Business

Zhang Yiming: China's Richest Man and TikTok Founder

2024-11-01T07:15:57.219Z

Zhang Yiming, founder of ByteDance and TikTok, has been named China's richest man with a fortune of 350 billion yuan, reflecting his significant influence in the tech industry.

Business

Livret A Interest Rate Expected to Drop to 2.5% in February 2025

2024-10-31T18:56:28.147Z

The Livret A savings account in France is set to see a decrease in its interest rate from 3% to 2.5% starting February 1, 2025, as announced by Éric Lombard, the CEO of Caisse des Dépôts (CDC). This change is based on the formula that considers interbank rates and inflation over the past six months.

2024/10/30

Business

The 7 Most Important Global Waterways Amid Rising Middle East Tensions

2024-10-30T20:45:49.164Z

The significance of key global waterways, particularly in light of rising tensions in the Middle East, is highlighted, with the Strait of Hormuz being a focal point for oil transit.

Business

China's Billionaire Count Plummets by 36% Amid Economic Challenges

2024-10-30T18:46:15.182Z

China's billionaire count has seen a dramatic decline, falling from 1,185 in 2021 to 753 in 2024, highlighting significant economic challenges and a shift in wealth dynamics towards technology and renewable energy sectors.

Business

Battery Defects Spark Safety Concerns in Electric Buses and Bikes

2024-10-30T18:05:58.796Z

Investigations into electric vehicle battery defects have revealed serious safety concerns, leading to fires in Bolloré buses in Paris and an incident involving an electric bicycle in Israel.

Business

Zhang Yiming Tops China's Rich List with $49.3 Billion Fortune

2024-10-30T16:45:33.325Z

Zhang Yiming, founder of ByteDance, has become China's richest man with a fortune of $49.3 billion, reflecting the success of TikTok amid economic challenges.

Business

Britain Raises Taxes by £40 Billion to Revitalize Public Services

2024-10-30T15:35:28.042Z

Britain's Labour government has announced a £40 billion tax increase to improve public services, addressing a £22 billion deficit inherited from the previous Conservative administration.

Business

Israeli Economic Growth Forecasts Slashed Amid Ongoing Conflict

2024-10-30T15:16:37.867Z

The Israeli Ministry of Finance has downgraded its economic growth forecast for 2024 to 0.4% due to the ongoing conflict with Hezbollah and escalating tensions in Gaza, while projecting a rebound in 2025.

Business

Algeria's Desert Transformation: From Barren Land to Green Fields

2024-10-30T13:35:46.505Z

Recent satellite images show a lake forming in the Algerian desert, prompting a push to transform the region into a productive agricultural area. With significant investment and strategic partnerships, Algeria aims to enhance food security and reduce reliance on imports.

Business

US GDP Growth Slows to 2.8% in Third Quarter Ahead of Election

2024-10-30T13:25:34.733Z

The U.S. economy grew by 2.8% in the third quarter of 2024, falling short of expectations and highlighting economic concerns ahead of the upcoming election.

Business

Google Reports Strong Q3 Growth Amid AI and Cloud Expansion

2024-10-30T12:45:43.084Z

Google's parent company Alphabet reported a 15% increase in revenue for Q3 2024, driven by strong advertising and cloud services, despite facing significant competition and legal challenges.

Business

Renewal of Banking Agreement Critical for Palestinian Economy Amidst Conflict

2024-10-30T12:15:25.694Z

The correspondent banking agreement between Palestinian and Israeli banks is set to expire, raising concerns about the potential collapse of the Palestinian economy amidst ongoing conflict.

Business

Gold Hits Record High as Dollar Stabilizes Ahead of US Elections

2024-10-30T11:16:04.922Z

Gold prices surged to an all-time high amid election anticipation, while the dollar steadied and oil prices rose due to declining inventories.

Business

China Challenges EU Tariffs on Electric Cars at WTO Amid Trade Tensions

2024-10-30T10:05:35.744Z

China has filed a complaint with the WTO against the EU's newly imposed tariffs on Chinese electric vehicles, which are seen as protectionist measures aimed at safeguarding European automotive jobs.

Business

Yemen's Economy Faces Crisis After Two Years of Oil Export Halt

2024-10-30T09:46:12.940Z

Yemen's economy is in crisis following the halt of oil exports due to conflict, leading to significant financial losses and rising poverty.

Business

Trump's Tariffs: A Threat to Global Economy and America's Soft Power

2024-10-30T08:45:27.193Z

As the US election approaches, Trump's proposed tariffs raise concerns about economic impacts and the potential erosion of America's global influence.

Business

Morocco's Red Meat Crisis: Government Measures to Stabilize Prices

2024-10-30T07:35:34.162Z

The Moroccan government is taking steps to stabilize rising red meat prices through imports and support for local farmers.

Business

Saudi Sovereign Wealth Fund Refocuses on Domestic Investments

2024-10-30T02:47:46.765Z

The Saudi Public Investment Fund is shifting its focus from international to domestic investments, aiming to bolster the local economy and reduce reliance on oil revenues.

Business

Israel's Tech Sector Faces Transportation Crisis Amid Rising Costs

2024-10-30T02:46:36.470Z

The Israeli technology sector is facing a severe transportation crisis, with escalating costs and limited flight options threatening business continuity and competitiveness.

Business

Putin Approves Minimum Wage Increase to 22,440 Rubles by 2025

2024-10-30T02:37:18.330Z

President Vladimir Putin has approved a significant increase in Russia's minimum wage to 22,440 rubles, effective January 1, 2025, as part of a broader strategy to enhance living standards and combat economic inequality.

Business

TikTok Founder Zhang Yiming Becomes Richest in China Amidst Global Expansion

2024-10-30T02:36:07.477Z

Zhang Yiming, founder of TikTok, has topped China's richest list with a fortune of $49.3 billion, marking a 43% increase from 2023, as ByteDance sees significant growth.