Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
Former Minister Christophe Castaner Joins Shein as CSR Advisor
Former French Minister Christophe Castaner has been appointed as an advisor to Shein, focusing on corporate social responsibility initiatives as the fast fashion giant seeks to improve its sustainability practices amidst increasing scrutiny.
Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access
President Vladimir Putin has proposed expanding the family mortgage program in Russia to allow purchases on the secondary market, aiming to improve housing access for families with children.
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil
President-elect Donald Trump has warned the European Union that it must significantly increase its purchases of American gas and oil or face substantial tariffs on its products. This ultimatum comes as the EU prepares for potential trade escalations and seeks to deepen energy ties with the U.S.
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
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
2024/11/14
Trump's Election Raises Inflation and Trade War Risks, Warns UK Official
Catherine Mann of the Bank of England warns that Donald Trump's election could lead to increased inflation and trade war risks, impacting the UK and European economies.
S&P Predicts No Economic Improvement for Israel Before 2026
Standard & Poor's forecasts that Israel's economy will not improve before 2026, citing ongoing military conflicts and a rising budget deficit.
Dollar Gains Momentum Following Trump's Election Victory
The US dollar has strengthened significantly following Donald Trump's election victory, while Bitcoin has reached new heights, driven by promises of favorable cryptocurrency regulations.
Concerns Rise Over Crit'Air 3 Ban and Press Freedom in France
The upcoming ban on Crit'Air 3 vehicles in Greater Paris raises concerns among local SMEs, while an Afghan journalist's exclusion from a ministerial visit highlights issues of discrimination and press freedom.
Turkey Aims to Become a Regional Gas Trading Hub by 2025
Turkey is advancing plans to establish a regional gas trading hub in Istanbul by 2025, collaborating with Russia to enhance its role in the global energy market.
EU Imposes $840 Million Fine on Meta for Anti-Competitive Practices
The European Union has fined Meta Platforms $840 million for linking Facebook Marketplace to its social network, violating competition rules.
European Hotels Can Now Offer Lower Prices Than Booking.com
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.
Saudi Sovereign Fund Raises $1 Billion from STC Stake Sale
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.
Cryptocurrency Market Surges Past $3.1 Trillion Following Trump's Victory
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.
High Food Prices Drive Voter Sentiment as Trump Prepares for Second Term
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.
Lipetsk Residents Face Toilet Crisis After Private Sewer System Purchase
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.
La Vanguardia and The Guardian Stop Publishing on X Over Misinformation Concerns
La Vanguardia and The Guardian have announced they will stop publishing on X, citing concerns over misinformation and the platform's transformation under Elon Musk's ownership.
Amazon Haul: A New Player in the Fast Fashion Arena
Amazon has launched 'Amazon Haul', a low-cost online store aimed at competing with Shein and Temu, offering over 300 million products priced between $2 and $20, but with longer delivery times.
Ben & Jerry's Sues Unilever Over Silencing Support for Palestinians
Ben & Jerry's has filed a lawsuit against Unilever, claiming the company has obstructed its efforts to support Palestinian refugees following the Gaza War. The lawsuit highlights a conflict over corporate governance and social activism, revealing tensions between the ice cream maker's mission and Unilever's corporate interests.
BRICS Offers Turkey Partnership Amidst Strategic Balancing
BRICS has offered Turkey a partnership membership as it seeks to balance relations between East and West, while Turkey aims for full membership.
French Senate Proposes Unpaid Work Hours to Fund Social Security
The French Senate's Social Affairs Committee has proposed an amendment requiring workers to contribute seven unpaid hours annually to fund Social Security, generating an estimated 2.5 billion euros. Economy Minister Antoine Armand has called the proposal 'interesting' as part of broader budget discussions.
Iraqi Airways Struggles to Lift EU Ban Amid Modernization Efforts
Iraqi Airways continues to face a European Union ban that has been in place since 1991 due to safety concerns. Despite modernization efforts and government initiatives, the airline struggles to meet international standards, leading to significant financial losses.
Qatar Energy to Supply Morocco's OCP with Sulphur for 10 Years
QatarEnergy has signed a 10-year agreement to supply OCP Nutricrops with up to 7.5 million tonnes of sulphur, enhancing agricultural cooperation between Qatar and Morocco.
Bitcoin Surges Post-Trump Election: Could It Reach $1 Million?
The re-election of Donald Trump has sparked a significant surge in Bitcoin prices, with analysts predicting potential highs of $1 million. El Salvador celebrates substantial gains from its Bitcoin holdings, while the broader cryptocurrency market sees increased institutional investment.
How Trump's Return Fuels Tesla, Cryptocurrency, and Private Prisons
Donald Trump's return to the presidency has led to significant market reactions, boosting Tesla shares, cryptocurrencies, and private prison stocks.
Roborock and Ecovacs Offer Major Discounts on Robot Vacuums for Black Friday
Roborock and Ecovacs are offering significant discounts on their premium robot vacuums ahead of Black Friday, with savings up to 600 euros.