Saudi Arabia Innovates Lithium Extraction from Oil Wells
Saudi Arabia has successfully extracted lithium from oil well brine, aiming to launch a commercial pilot program to support the electric vehicle industry.
AI-Powered Radar to Detect Drunk Drivers Tested in UK
AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.
Flamanville EPR Reactor to Connect to Grid on December 20, 2024
The Flamanville EPR reactor in France is set to connect to the electricity grid on December 20, 2024, marking a significant milestone in the country's nuclear energy revival.
Ukraine's Strategy for Gas Transit After Russian Contract Expires
As Ukraine prepares for the expiration of its gas transit contract with Russia, it is exploring alternative gas supplies, particularly from Azerbaijan, while emphasizing its commitment to EU energy security.
Interest Rate for Home Savings Plans Drops to 1.75% in 2025
The interest rate for home savings plans (PEL) will decrease to 1.75% starting January 1, 2025, marking the first reduction in over eight years.
Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services
The Central Bank of Syria has set the exchange rate of the lira at 15,000 to the dollar and resumed ATM operations, introducing electronic payment services to enhance banking stability.
The Economic Effects of Syrian Refugees Returning to Türkiye
Challenges for Western Companies in China Amid Economic and Geopolitical Tensions
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Russia Announces 7.3% Pension Indexation for Working Pensioners in 2025
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Russia Allocates 18.4 Billion Rubles to Boost Domestic Auto Industry
2024/11/15
Civil Servants' Absenteeism Narrows Gap with Private Sector in 2023
A recent report reveals that civil servants in France were absent for an average of 12 days in 2023, a slight increase over private sector employees, indicating a narrowing absenteeism gap.
European Commission Upgrades Russian Economic Growth Forecast Amid Sanctions
The European Commission has revised its forecast for Russia's economic growth, predicting a 3.5% increase in GDP for 2024, driven by strong domestic demand and investment despite ongoing sanctions.
Elon Musk Seeks 'Superhuman' Workers for Unpaid Government Efficiency Initiative
Elon Musk's new initiative, the Department of Government Efficiency, seeks unpaid workers with high IQs willing to work 80 hours a week to reduce federal spending.
Consumer Prices Show Divergent Trends in Israel and France
Consumer prices are experiencing contrasting trends in Israel and France, with Israel's CPI rising by 0.5% in October 2024, indicating ongoing inflation, while France sees a year-on-year decline of 0.7% in consumer goods prices.
Gold Faces Worst Weekly Decline in Three Years Amid Strong Dollar
Gold prices are experiencing their worst weekly performance in over three years, driven by a strengthening U.S. dollar and rising Treasury yields, which reduce the metal's investment appeal.
Italian Industry Struggles as German Economy Weakens
The Italian industrial sector is facing significant challenges due to a decline in exports to Germany, its largest customer, as the German economy stagnates and job creation slows.
EU Warns Germany and Italy Most Affected by US Tariffs
European Economic Commissioner Paolo Gentiloni has stated that Germany and Italy are the EU countries most vulnerable to the potential US tariffs proposed by President-elect Donald Trump, which could have significant repercussions for both economies.
Germany's New Business Formation Rates Decline Amid Economic Challenges
Germany's new business formation rates have declined by 0.9% in 2024 due to economic uncertainty, with significant impacts on small businesses and rising corporate bankruptcies.
US Cautions Latin America on Chinese Investments Amid APEC Summit
The US has cautioned Latin American nations about Chinese investments as President Xi Jinping inaugurates a major port in Peru, emphasizing the need for adherence to local laws and human rights.
China Cuts Home Purchase Taxes to Boost Economic Recovery
China has announced tax cuts for property buyers and developers, reducing the purchase tax to 1% to stimulate the housing market and support economic recovery.
European Stocks Surge as Wall Street Faces Challenges
European stock markets are experiencing a rise, contrasting with Wall Street's weaker performance, as analysts speculate on a potential turnaround for European equities in 2025.