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

Malaysia's Economic Growth Surpasses China: A Sustainable Model

2024-11-24T08:51:58.499Z

Malaysia has achieved a 5.3% economic growth rate, surpassing China's 4.6%, showcasing effective policies and consumer confidence.

Business

US Government Debt Emerges as Top Financial Stability Risk, Fed Reports

2024-11-24T06:51:45.141Z

The Federal Reserve's semi-annual report highlights US government debt as the primary risk to financial stability, surpassing inflation concerns amid a challenging economic environment.

Business

Germany's Economy Faces Challenges Amid Trump Administration Threats

2024-11-24T12:51:56.959Z

Germany's economy is projected to grow by only 0.6% in 2025, facing significant risks from potential trade barriers under the incoming Trump administration and compounded by political instability.

Business

TotalEnergies Refinery Leak Pollutes Loire River: Immediate Containment Efforts Underway

2024-11-24T13:31:36.520Z

A crude oil leak from the TotalEnergies refinery in Donges has polluted the Loire River, prompting immediate containment measures and ongoing monitoring.

Business

Strong Dollar Challenges Emerging Market Debt Amid Economic Policy Changes

2024-11-24T10:42:44.120Z

The rising strength of the dollar, following Donald Trump's election victory, poses significant challenges for emerging market debt, leading to substantial outflows and increased borrowing costs.

Business

U.S. National Debt Hits Record High: Implications and Future Risks

2024-11-23T21:31:35.648Z

The U.S. national debt has reached an unprecedented $36.03 trillion, with projections indicating a rise to $57 trillion by 2034. This escalating debt poses significant risks to the economy and global financial stability, as the cost of servicing the debt surpasses defense spending for the first time. Experts warn that without immediate action, the U.S. may face a fiscal crisis, impacting both domestic priorities and international confidence.

2024/10/6

Business

German Government Expects Economic Contraction for Second Consecutive Year

2024-10-06T19:39:23.996Z

Germany's economy is set to contract by 0.2% in 2024, marking a second consecutive year of decline, as government forecasts reflect ongoing challenges including weak domestic demand and rising competition.

Business

Israeli Economy Faces Uncertainty: Three Scenarios Post-Conflict

2024-10-06T19:39:06.938Z

The Israeli economy is under pressure due to ongoing conflict, with UBS outlining three potential scenarios for the shekel's performance and fiscal health in the coming year.

Business

Israeli Banks Accuse Finance Minister of Breaking Tax Agreement

2024-10-06T17:29:05.603Z

Israeli banks have accused Finance Minister Bezalel Smotrich of violating a prior agreement regarding a new tax, which was initially set for 2024-2025 but is now proposed to extend into 2026, raising concerns over government credibility.

Business

IndiGo Flight Delay Sparks Debate Over Pilot's Decision to Prioritize Safety

2024-10-06T16:59:17.951Z

An IndiGo flight faced a five-hour delay as the pilot refused to take off after exceeding his working hours, igniting a debate over safety versus customer service.

Business

Reviving Iraq's Industrial Sector: Challenges and New Opportunities

2024-10-06T15:39:25.773Z

Iraq's industrial sector has experienced a significant decline over the past three decades, primarily due to political instability and corruption. However, recent government initiatives signal a potential revival in the industry, focusing on investment and local production.

Business

Iranian Oil Minister Visits Key Oil Port Amid Escalating Tensions with Israel

2024-10-06T14:39:33.177Z

Iranian Oil Minister Mohsen Paknejad visited Kharg Island, Iran's largest oil port, amid rising tensions with Israel following a missile attack. Iran's oil production has significantly increased, driven by Chinese demand, but military threats could impact vital supplies.

Business

Syria's Economic Future: The Search for a Viable Model Post-Conflict

2024-10-06T11:59:41.235Z

Syria faces a challenging economic recovery after a decade of conflict, with President Assad proposing a reinterpretation of socialist economics as a potential solution. However, experts express skepticism about the effectiveness of current measures and advocate for a new development model.

Business

Saudi Stocks Decline Amid Heightened Regional Tensions and Low Oil Prices

2024-10-06T11:50:01.900Z

The Saudi stock market is experiencing a significant decline due to escalating regional tensions and falling oil prices, raising concerns among investors about the market's stability and future prospects.

Business

China's Economic Recovery: Signs of Optimism Amid Challenges

2024-10-06T10:59:22.783Z

China's economy shows signs of recovery with new stimulus measures, but challenges like high youth unemployment and a struggling real estate sector remain.

Business

Truckers Protest Heavy Goods Vehicle Tax in Alsace Ahead of Key Decision

2024-10-06T09:59:47.222Z

Truckers in Alsace are planning a go-slow protest against a proposed heavy goods vehicle tax set to be introduced in 2027. The tax aims to address rising truck traffic due to higher fees on German motorways, but local economic groups fear it will negatively impact all sectors and consumer purchasing power.

Business

Top 10 College Majors for Future Job Security and Salaries

2024-10-06T08:39:42.801Z

As youth unemployment rises in the Arab world, choosing the right college major becomes crucial. This article explores the top 10 college majors projected to be in demand over the next 30 years, along with their current and future salary expectations.

Business

German Automakers Warn of Higher Prices Due to EU Tariffs on Chinese Electric Cars

2024-10-06T07:10:06.595Z

German car manufacturers are concerned about the European Union's decision to impose tariffs on Chinese electric vehicles, warning it could lead to higher consumer prices and damage the automotive industry.

Business

Saudi Arabia's Oil Strategy Poses Threat to Russian Economy Amid Global Tensions

2024-10-06T04:09:21.981Z

Saudi Arabia's plan to increase oil production could severely impact the Russian economy, which relies on oil revenues. As global tensions rise, the International Energy Agency warns of potential instability in the oil market.