European Auto Industry Faces Bankruptcy and Job Cuts Amid Crisis
The European auto industry is facing a severe crisis leading to significant job cuts and bankruptcies among suppliers, including the historic Gerhardy Kunsthoftechnik.
Controlling Inflation in Post-Conflict Syria: Strategies and Challenges
Following the fall of the Assad regime, Syria is implementing strategies to control inflation and stabilize the economy, with initial signs of improvement in currency value and goods prices.
Syria Sets New Fuel Prices Amid Economic Challenges
The Syrian government has announced new fuel and gas prices to stabilize the market, with gasoline priced at $1.16 per liter and diesel at approximately $1. The Central Bank has also lifted withdrawal limits to promote electronic payments.
Stock Chain Acquires Toys R Us and Red Pirate in Major Toy Market Move
The Stock chain has acquired Toys R Us and The Red Pirate for 55 million shekels, aiming to reshape the Israeli toy market with lower prices and expanded operations.
Syria's New Administration Cancels Fees to Boost Economy
The new Syrian administration has canceled over ten customs fees imposed by the Assad regime, aiming to alleviate the economic burden on citizens and improve the importation of goods.
Javier Milei Proposes Nuclear Energy Expansion to Meet AI Demand in Argentina
Argentine President Javier Milei has announced plans to expand nuclear energy capabilities to meet the energy demands of artificial intelligence, proposing a fourth nuclear power plant and the development of small modular reactors.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Lawyer Warns of SNILS Misuse in Fraudulent Activities
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
2024/11/1
Kremlin Ready to Activate Nord Stream 2 Amid Trump Comments
The Kremlin has announced its readiness to launch the Nord Stream 2 gas pipeline, responding to Donald Trump's recent comments about its destruction. Experts indicate that the pipeline is intact and could be activated quickly, pending political decisions from Germany.
U.S. Job Growth Slows Amid Strikes and Hurricanes
The U.S. labor market saw its slowest job growth in nearly four years in October, with only 12,000 new jobs added, as the unemployment rate held steady at 4.1%. The slowdown is attributed to hurricanes and ongoing labor strikes.
Russia Imposes Astronomical Fine on Google: A Symbolic Gesture Amid Legal Tensions
Russia has imposed an unprecedented fine of over 20 quintillion dollars on Google for blocking pro-Russian channels on YouTube, a move described as symbolic by Kremlin officials. Google remains unyielding, viewing the demands as unrealistic amidst ongoing legal challenges in the country.
Turkey and Russia Discuss Gas Trading Hub in Istanbul by 2025
Turkey is in talks with Russia to establish a gas trading hub in Istanbul, expected to start operations in 2025, with gas prices determined by a new Istanbul Gas Index.
Oil Prices Surge 2% Amid Iran-Israel Tensions
Crude oil prices jumped 2% due to reports of a potential Iranian strike on Israel, with Brent crude reaching $74.27 per barrel.
New Zealand and Gulf Cooperation Council Sign Landmark Trade Agreement
New Zealand has finalized a trade agreement with the Gulf Cooperation Council, enhancing economic ties and eliminating tariffs on a significant portion of exports.
Zhang Yiming: China's Richest Man and TikTok Founder
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.