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

Egypt Negotiates Long-Term LNG Deals Amid Domestic Gas Decline

2024-11-20T20:31:10.585Z

Egypt is negotiating long-term LNG contracts with foreign companies to address declining domestic gas production and rising energy demands.

Business

Germany's Economic Crisis: Calls to Revive Nord Stream Pipeline

2024-11-20T16:50:56.166Z

Sahra Wagenknecht proposes reviving the Nord Stream pipeline to address Germany's economic crisis, but political and technical challenges loom.

Business

Egypt Faces 70% Drop in Suez Canal Revenues Amid Red Sea Tensions

2024-11-21T14:01:20.496Z

The International Monetary Fund reports a 70% decline in Egypt's Suez Canal revenues due to ongoing tensions in the Red Sea, exacerbated by conflicts in Gaza and Israel, impacting the country's economic stability.

Business

Sud Ouest Group Joins Ouest-France in Suspending X Presence Over Disinformation Concerns

2024-11-21T14:52:00.934Z

The Sud Ouest group has suspended its presence on social network X due to concerns over disinformation and moderation, following Ouest-France's lead.

Business

Ford to Cut 4,000 Jobs in Europe Amidst Ongoing Automotive Crisis

2024-11-21T12:31:19.655Z

Ford Motor Company announces plans to cut 4,000 jobs in Europe by 2027 due to declining sales and challenges in the electric vehicle market.

Business

Qatar Launches $3 Billion 'Land of Legends' Tourism Project

2024-11-21T15:00:56.188Z

Qatar has launched the 'Land of Legends' tourism project, a $3 billion initiative expected to transform the region's tourism sector and attract two million visitors annually by 2028.

2024/11/11

Business

German Industry Faces Billions in Losses Due to Raw Material Dependency

2024-11-11T18:48:53.081Z

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

French Winegrowers and Athletes Concerned After Trump's Re-election

2024-11-11T18:09:01.194Z

Following Donald Trump's re-election, French winegrowers fear a return of tariffs, while basketball star Gabby Williams expresses concerns over women's rights and safety in the U.S.

Business

Egypt's Court Ruling Transforms Old Rental Contracts Landscape

2024-11-11T16:09:28.213Z

Egypt's Supreme Constitutional Court has declared the fixed annual rent system unconstitutional, impacting over two million housing units and prompting a need for new legislation to balance landlord and tenant rights.

Business

Mattel Apologizes for Printing Porn Site on 'Wicked' Dolls' Packaging

2024-11-11T15:29:12.172Z

Mattel has apologized for mistakenly printing a pornographic website address on the packaging of its 'Wicked' dolls, intended for children, instead of the official film website.

Business

Japan Eases Sanctions on Hybrid Cars for Russian Market

2024-11-11T11:48:45.362Z

Japan has eased sanctions on mild hybrid car imports to Russia, allowing access to vehicles from major manufacturers amid declining demand.

Business

Gold Prices Fall as US Data Looms; China's Stimulus Disappoints Oil Markets

2024-11-11T10:19:17.153Z

Gold prices have fallen as investors await US economic data and comments from the Federal Reserve, while China's disappointing stimulus plan has pressured oil prices. Reports of increased gold thefts in China highlight consumer interest amid rising prices.

Business

Roborock and Xiaomi Offer Major Discounts on Robot Vacuums for Black Friday

2024-11-11T09:29:32.456Z

Roborock and Xiaomi are offering significant discounts on their robot vacuum models ahead of Black Friday, with savings of up to 400 euros on select models.

Business

Qatar Energy Expands Exploration Activities in Egypt's Mediterranean Sea

2024-11-11T08:59:06.969Z

Qatar Energy has acquired a 23% stake in the North Dabaa Offshore Area in Egypt, enhancing its exploration activities in the Mediterranean Sea.

Business

Bitcoin Reaches New Record High of $81,000 Amid Trump Presidency

2024-11-11T08:28:34.489Z

Bitcoin has reached an all-time high of $81,000, propelled by expectations of favorable regulatory changes under President Trump.

Business

Iraq's Central Bank to End Dollar Monitoring Platform: Implications and Insights

2024-11-11T07:18:42.042Z

The Central Bank of Iraq's decision to discontinue the dollar monitoring platform will transform financial transfers, potentially impacting exchange rates and the banking sector.

Business

Poor Diets Cost Global Economy Over $8 Trillion Annually, FAO Reports

2024-11-11T05:38:49.382Z

The FAO's latest report reveals that poor dietary habits result in hidden health costs exceeding $8 trillion annually, prompting calls for urgent reforms in global food systems.