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

Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support

2024-11-04T18:47:41.805Z

Carrefour has closed all its branches in Jordan due to a widespread boycott campaign, with 93% of Jordanians participating in protests against the company's support for the Israeli occupation.

Business

IKEA to Pay €6 Million to Compensate East German Forced Labor Victims

2024-11-04T15:37:43.330Z

IKEA has agreed to pay 6 million euros to a fund for victims of forced labor during East Germany's communist regime, acknowledging its historical ties to the practice.

Business

Schaeffler and Auchan Announce Major Job Cuts Amid Economic Pressures

2024-11-05T08:16:57.034Z

Schaeffler and Auchan are implementing significant job cuts due to economic challenges, affecting thousands of employees across Europe.

Business

Russia to Increase Maternity Capital and Social Benefits in 2025

2024-11-05T02:16:53.296Z

Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.

Business

Auchan Implements Major Job Cuts and Store Closures Amid Financial Struggles

2024-11-05T09:07:33.629Z

Auchan has announced significant job cuts and store closures as part of a restructuring plan to address financial losses and adapt to changing retail dynamics.

Business

Boeing Workers Ratify Agreement, Ending Costly Strike

2024-11-05T06:47:16.455Z

Boeing workers have ratified a new agreement, ending a seven-week strike that cost the company over $10 billion, with a 38% wage increase and improved benefits.

Business
2024-11-03T10:47:28.553Z

Dollar's Surge Linked to Trump Election Prospects

2024/10/5

Business

Moody's Lowers Credit Rating for Israel Electric Corporation Amid Economic Turmoil

2024-10-05T15:29:09.182Z

Moody's downgrades the Israel Electric Corporation's credit rating to Baa2, citing financial risks stemming from the ongoing war and lack of government support for its debts.

Business

EU Imposes Tariffs on Chinese Electric Cars, Raising Trade War Fears

2024-10-05T14:48:47.930Z

The EU has announced new tariffs on Chinese electric cars, raising concerns about trade tensions and the competitiveness of European manufacturers.

Business

Crisis in the European Automotive Industry: Challenges and Trade Tensions

2024-10-05T13:08:42.791Z

The European automotive industry is facing a significant crisis due to stagnation in the electric vehicle market, intensified competition from Chinese manufacturers, and upcoming EU emissions regulations. This situation threatens the industry's goals and has caused severe repercussions for major players, particularly in Germany.

Business

Iran's Oil Industry Thrives Despite Sanctions, But Tensions with Israel Rise

2024-10-05T11:19:20.271Z

Iran's oil production has surged to near pre-sanction levels, raising concerns about potential Israeli military action. Despite US sanctions, Iran's strategic exports to China and illicit transport networks have bolstered its oil industry, but geopolitical tensions threaten future stability.

Business

European Court Upholds Malta's Citizenship by Investment Scheme, Influencing EU Policies

2024-10-05T10:08:45.206Z

The European Court of Justice has ruled in favor of Malta's citizenship-for-payment scheme, allowing wealthy investors to obtain EU citizenship. This decision may influence similar programs across Europe amidst ongoing debates about security and financial risks.

Business

US Ports Reopen After Dockers' Strike Ends with New Wage Agreement

2024-10-05T08:38:53.243Z

The dockers' strike at US ports has ended after a new wage agreement was reached, allowing thousands of workers to return to work and ensuring the stability of supply chains ahead of the holiday season.

Business

Historic Longshoremen Strike Ends with Major Wage Agreement

2024-10-05T07:59:09.735Z

A major agreement has been reached to end a historic strike by longshoremen at U.S. ports, ensuring significant wage increases and the resumption of operations, crucial for the economy ahead of the holiday season.

Business

Brazil's Historic Drought Sparks Global Food Price Concerns

2024-10-05T07:58:44.027Z

Brazil's worst drought in history threatens global food prices, impacting major crops and contributing to rising commodity prices, with significant economic implications worldwide.

Business

U.S. Job Growth Fuels Dollar Surge While Gold Prices Decline

2024-10-05T06:38:51.529Z

The U.S. job growth in September has led to a significant increase in the dollar's value, while gold prices have declined as traders adjust their expectations regarding future interest rate cuts by the Federal Reserve.

Business

Russia Sees Surge in Deposit Rates as Inflation Pressures Mount

2024-10-05T06:09:20.546Z

The average deposit rates in Russia have reached 18.71% per annum, the highest since March 2022, driven by the Central Bank's aggressive monetary policy to combat inflation, which currently stands at 8.6%.