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

EU and China Close to Agreement on Electric Car Tariffs

2024-11-23T13:11:51.931Z

The EU and China are nearing a deal on electric car tariffs, with potential commitments from China to sell at minimum prices to address competition concerns.

Business

Moody's Upgrades Saudi Arabia's Credit Rating to Aa3 Amid Economic Reforms

2024-11-23T11:31:46.333Z

Moody's has upgraded Saudi Arabia's credit rating to Aa3, citing progress in economic diversification and the Vision 2030 plan.

Business

US Charges Adani Group with Bribery, Resulting in $27 Billion Loss

2024-11-23T16:11:49.452Z

The US has charged India's Adani Group with bribery involving $265 million to secure solar energy contracts, leading to a $27 billion loss in market value. The group denies the allegations, calling them baseless, while facing significant financial repercussions.

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.

Business

Study Reveals Tesla Cars Have Highest Fatal Crash Rate Among Vehicles

2024-11-23T13:51:23.561Z

A new study reveals that Tesla vehicles have the highest fatal crash rate among comparable cars, raising concerns about driver behavior and the safety of automated systems.

Business

Passengers Face Long Delays on TGV and Ouigo Trains Amid Technical Failures

2024-11-23T11:01:33.986Z

Passengers on TGV and Ouigo trains faced significant delays due to technical failures, leading to frustrations and compensation offers from SNCF.

2024/10/9

Business

IMF Delays Egypt Loan Review Amid Economic Challenges

2024-10-09T20:50:15.178Z

The International Monetary Fund has postponed its fourth review of Egypt's $8 billion loan program, while the country prepares to bolster its wheat reserves and attract foreign investment in telecom.

Business

Bank of Israel Keeps Interest Rates at 4.5% Amidst Inflation and Economic Challenges

2024-10-09T17:50:20.591Z

The Bank of Israel maintains its interest rate at 4.5% for the sixth consecutive meeting, citing concerns over inflation and economic challenges amid ongoing geopolitical tensions.

Business

How Tariffs are Reshaping American Jobs and Business Dynamics

2024-10-09T16:50:11.707Z

A recent Bloomberg report reveals how tariffs imposed by the United States have led to unintended consequences for American jobs and businesses, particularly in the container trucking sector, highlighting the complexities of protectionist policies.

Business

Tragic Emergency Landing: Turkish Airlines Pilot Dies Mid-Flight

2024-10-09T16:49:55.690Z

A Turkish Airlines flight made an emergency landing in New York after the pilot, Elcehin Pehlivan, died mid-flight due to a health crisis, prompting discussions on aviation safety protocols.

Business

Ecuador's Energy Crisis Leads to Extended Blackouts Impacting Industries and Citizens

2024-10-09T15:10:39.769Z

Ecuador is currently facing a severe energy crisis, resulting in extended power outages of up to 10 hours daily. The situation has led to significant impacts on both residential and industrial sectors, raising concerns over economic losses and employment.

Business

Israel's Tech Sector Faces Challenges Amid Ongoing Conflict

2024-10-09T14:00:10.900Z

Israel's technology sector is facing significant challenges due to the ongoing conflict in Gaza, with layoffs and a drop in venture capital funding. However, some defense companies are experiencing growth amidst the turmoil.

Business

Protests Erupt in Pakistan Over Tax Hikes Amid Economic Crisis

2024-10-09T13:00:12.390Z

Protests in Pakistan are escalating due to significant tax hikes as part of an IMF financial rescue program, leading to soaring inflation and widespread discontent among citizens struggling with rising living costs.

Business

Unmissable Deals on Amazon Prime Day 2024: Save Big on Electronics and More

2024-10-09T11:29:48.465Z

Amazon Prime Day 2024 offers exclusive discounts on a variety of products, including smartphones, TVs, and smart home devices, with significant savings available for Prime members.

Business

Israel's Finance Ministry Proposes Tax Increases on Wealthy Amid War Costs

2024-10-09T10:50:30.302Z

Israel's Finance Ministry is proposing tax increases on the wealthy to manage the rising costs of war, aiming to correct tax imbalances and generate significant revenue for the state.

Business

Turkey's New Labor Market Reforms: Easing Work Permit Regulations for Foreign Workers

2024-10-09T10:40:54.023Z

Turkey has implemented new labor market standards aimed at simplifying work permit processes for foreign workers, reducing bureaucratic hurdles and enhancing employment opportunities.

Business

Amazon Prime Day 2024: Unmissable Deals on Induction Hobs, Music Services, and More

2024-10-09T10:29:56.485Z

Amazon Prime Day 2024 features significant discounts on a variety of products, including the Severin induction hob, Amazon Music Unlimited, and electronics from top brands, making it an ideal time for savvy shoppers to take advantage of exclusive offers.

Business

Unmissable Discounts on Robot Vacuums During Amazon Prime Days

2024-10-09T09:30:04.470Z

Amazon Prime Day offers significant discounts on vacuum cleaners, including the ECOVACS T30S Pro robot vacuum, now available for €759.05. Other models like the iRobot Roomba j7+ are also heavily discounted, making this an ideal time for consumers to upgrade their cleaning devices.

Business

Iran's Oil and Gas Sector: Strategic Importance Amid Rising Tensions

2024-10-09T07:50:10.410Z

Amid rising tensions and potential Israeli strikes, Iran's oil and gas industry remains a critical component of its economy, showcasing resilience through shadow fleets and significant production capabilities despite sanctions.

Business

BRICS Expansion: Cuba Joins the Coalition, Signaling a Shift in Global Dynamics

2024-10-09T06:10:44.087Z

Cuba has formally requested to join BRICS as a partner country, highlighting the group's expansion and its role as a significant player in global geopolitics. Other nations like Mali and Libya are also seeking membership, indicating a shift towards a multipolar world.

Business

Exclusive Kitchen Deals: Lidl's Silvercrest Toaster and Vorwerk's Shopping Week Offers

2024-10-09T05:39:40.375Z

Lidl offers a Silvercrest double toaster at a discounted price of €11.99, while Vorwerk's Shopping Week features exclusive deals on Thermomix and Kobold products through October 13th.