World Daily News

German Industry Faces Billions in Losses Due to Raw Material Dependency

The German Industry Association warns of potential losses in the billions due to the country's increasing reliance on imported raw materials, particularly lithium from China, and highlights the need for strategic changes in sourcing and recycling.

Business

Serbia's Lithium Mine Project: A Geopolitical Balancing Act

2024-11-13T19:19:33.814Z

The development of Europe's largest lithium mine in Serbia by Rio Tinto has sparked significant geopolitical tensions and public opposition due to environmental concerns.

Business

Saudi Sovereign Fund Raises $1 Billion from STC Stake Sale

2024-11-14T15:50:14.597Z

Saudi Arabia's Public Investment Fund raised $1.03 billion from the sale of a 2% stake in STC, part of its economic diversification strategy.

Business

High Food Prices Drive Voter Sentiment as Trump Prepares for Second Term

2024-11-14T14:39:34.873Z

Rising food prices have significantly influenced American voters, contributing to Donald Trump's election victory. Experts warn that his proposed policies may exacerbate inflation, complicating efforts to stabilize the economy.

Business

Lipetsk Residents Face Toilet Crisis After Private Sewer System Purchase

2024-11-14T14:20:11.578Z

Residents of two high-rise buildings in Lipetsk experienced a severe plumbing crisis when their sewage system failed after a private entrepreneur acquired the sewage pumping station, leading to disputes over maintenance responsibilities.

Business

European Hotels Can Now Offer Lower Prices Than Booking.com

2024-11-14T15:50:18.542Z

The European Commission has announced that hotels can now offer better rates than Booking.com, ending the platform's price-matching policy and fostering competition in the travel sector.

Business

Cryptocurrency Market Surges Past $3.1 Trillion Following Trump's Victory

2024-11-14T15:00:44.974Z

The cryptocurrency market cap has exceeded $3.1 trillion, buoyed by Bitcoin's rise and Donald Trump's election victory, with predictions of reaching $10 trillion by 2026.

2024/11/10

Business

Morocco's Natural Gas Exploration: Aiming for Self-Sufficiency

2024-11-10T20:08:26.792Z

Morocco is intensifying its natural gas exploration efforts, aiming to increase production to 400 million cubic meters annually to reduce energy imports and enhance local infrastructure.

Business

Türkiye Launches Major Defense Facility in Kahramanmaraş

2024-11-10T17:08:41.486Z

Turkey is advancing its defense capabilities with the construction of a new facility in Kahramanmaraş, set to be the largest of its kind in the country, aimed at enhancing local economy and job opportunities.

Business

SNCF and Airline Pilots Face Potential Strikes Amid Major Changes

2024-11-10T15:49:13.036Z

As SNCF unions prepare for an unlimited strike starting December 11, Transport Minister François Durovray calls for dialogue to prevent holiday travel chaos. Meanwhile, airline pilots mobilize against new air transport taxes set to increase ticket prices.

Business

Bitcoin Surges Past $80,000 Following Trump's Election Victory

2024-11-10T15:39:01.376Z

Bitcoin has soared past $80,000 following Donald Trump's election victory, marking a significant shift in the cryptocurrency landscape as Trump pledges to make the U.S. the leading hub for digital currencies.

Business

Mnuchin Advocates Stronger U.S. Trade Policies and Sanctions Against Iran and Russia

2024-11-10T15:28:31.683Z

Former Treasury Secretary Steven Mnuchin discusses the need for stronger U.S. trade policies, financial sanctions on Iran and Russia, and the importance of addressing the growing national debt.

Business

Understanding and Overcoming Online Shopping Addiction

2024-11-10T15:28:27.651Z

Online shopping addiction affects millions globally, leading to financial and emotional challenges. Understanding its impact and implementing strategies can help individuals regain control.

Business

Hurricane Rafael Halts Significant Portion of U.S. Gulf Oil Production

2024-11-10T12:18:55.241Z

Hurricane Rafael has led to the shutdown of over a quarter of oil and 17% of natural gas production in the U.S. Gulf of Mexico, causing fluctuations in oil prices.

Business

Consumer Prices Surge in Egypt Amid Economic Challenges

2024-11-10T12:18:42.730Z

Egypt's inflation rate reached 26.5% in October 2024, driven by rising costs in various sectors, as the country undergoes an IMF loan review.

Business

Trump's Trade War Threat: Implications for Europe and NATO

2024-11-10T12:18:25.914Z

Donald Trump's victory raises concerns of a potential trade war with the EU, as he plans to impose tariffs on imports and pressure Europe to buy more American goods. EU leaders are responding with strategies to boost competitiveness and address economic fears.

Business

China's Consumer Prices Rise at Slowest Pace Amid Economic Challenges

2024-11-10T10:08:57.647Z

China's consumer prices rose at the slowest rate in four months, while producer prices fell significantly, prompting a new stimulus package aimed at local government debt.

Business

Russia Plans to Merge Oil Giants Amid Sanctions and Economic Challenges

2024-11-10T10:08:20.625Z

Russia is considering merging its major oil companies, including Rosneft, Gazprom Neft, and Lukoil, to enhance its energy market control and bolster the economy amid Western sanctions.