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

Algeria's 2025 Budget: Record Spending Amidst Significant Deficit

2024-11-24T16:51:55.284Z

Algeria's President Tebboune has approved a historic budget for 2025, featuring record spending and a significant deficit, highlighting the country's reliance on oil and gas revenues.

Business

Turkey's Trade with Arab Nations Hits Record Highs in 2024

2024-11-24T16:51:51.150Z

Turkey's trade with Arab countries has surged to record levels in 2024, with exports reaching $39.9 billion, driven by political rapprochement and strategic economic partnerships.

Business

Iraq Faces Electricity Crisis as Iranian Gas Supplies Halted

2024-11-24T19:41:56.888Z

Iraq's electricity supply faces a significant setback as Iranian gas imports are halted for maintenance, leading to a loss of 5.5 gigawatts from the national grid. The Ministry of Electricity is coordinating efforts to mitigate the impact while addressing long-standing energy challenges.

Business

Egypt's Economy Strained by Red Sea Tensions, Warns Foreign Minister

2024-11-24T20:52:05.896Z

Egyptian Foreign Minister Badr Abdel Aty warns of significant economic impacts due to escalating tensions in the Red Sea, leading to a drastic decline in Suez Canal revenues.

Business

Netanyahu's Arrest Warrants Pose Threat to Israel's Economy

2024-11-24T17:21:51.087Z

The issuance of international arrest warrants against Israeli leaders threatens the stability of Israel's economy, as highlighted by a Calcalist report, which warns of decreased foreign investment and rising debt levels.

Business

QatarEnergy Increases Stake in Offshore Namibia Exploration Blocks

2024-11-24T16:12:19.356Z

QatarEnergy has acquired additional stakes in two offshore exploration blocks in Namibia, increasing its interest in Block 2913B to 35.25% and Block 2912 to 33.025%.

2024/11/5

Business

Trump's Wealth Surges to $610 Million Amid Election Campaign

2024-11-05T17:28:08.413Z

Donald Trump's wealth has surged to $610 million as his media company's stock rises amid increasing bets on his election victory.

Business

Schaeffler Cuts 4,700 Jobs Amid Auto Industry Challenges

2024-11-05T16:37:02.350Z

Schaeffler, a major German automotive supplier, announces the elimination of 4,700 jobs across Europe, primarily in Germany, as part of a restructuring plan in response to the ongoing automotive industry crisis.

Business

Türkiye Strengthens Economic Ties with Africa Amid Growing Investments

2024-11-05T15:37:30.444Z

Turkey is enhancing its economic presence in Africa through significant investments and trade relations, with a focus on strategic partnerships and addressing challenges in the region.

Business

Nvidia Chip Lending Spree: Wall Street's $11 Billion Bet on AI

2024-11-05T13:27:49.250Z

Wall Street has entered an $11 billion lending spree for companies in the AI sector, relying heavily on Nvidia chips as collateral, raising concerns about market vulnerabilities.

Business

Auchan Implements Major Job Cuts and Store Closures Amid Financial Struggles

2024-11-05T09:07:33.629Z

Auchan has announced significant job cuts and store closures as part of a restructuring plan to address financial losses and adapt to changing retail dynamics.

Business

Schaeffler and Auchan Announce Major Job Cuts Amid Economic Pressures

2024-11-05T08:16:57.034Z

Schaeffler and Auchan are implementing significant job cuts due to economic challenges, affecting thousands of employees across Europe.

Business

Boeing Workers Ratify Agreement, Ending Costly Strike

2024-11-05T06:47:16.455Z

Boeing workers have ratified a new agreement, ending a seven-week strike that cost the company over $10 billion, with a 38% wage increase and improved benefits.

Business

Russia to Increase Maternity Capital and Social Benefits in 2025

2024-11-05T02:16:53.296Z

Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.