Russian Ruble Hits New Lows as Dollar Exchange Rate Surges

The resignation of Carlos Tavares as CEO of Stellantis has elicited mixed reactions from unions in France, Italy, and the United States, highlighting concerns over job security and management practices.

Glovo has announced a transition from independent contractor status to salaried employment for its delivery workers in Spain, following legal pressures and the enactment of the 'Rider Law.' This change is expected to significantly impact the company's financial outlook and reflects ongoing labor rights movements across Europe.

Jordan and Egypt have signed an agreement for Jordan to utilize Egyptian gas infrastructure, enhancing energy cooperation and reducing costs.

The Barnier government in France is facing a potential motion of censure, raising concerns over the country's economic stability and public debt as bond rates soar and employers urge responsibility from lawmakers.

A massive gold deposit with reserves exceeding 1,000 tonnes has been discovered in Hunan, China, valued at approximately $83 billion.

Pat Gelsinger has unexpectedly resigned as CEO of Intel, effective immediately, as the company faces significant challenges in the semiconductor market.

Qatar Energy and Shell have signed a long-term agreement to supply 3 million tons of LNG annually to China, starting in January 2025, marking their 11th LNG contract and reflecting the growing energy demand in the region.

Chinese exporters are expediting shipments to the US ahead of President-elect Trump's potential tariffs, with logistics companies reporting a surge in inquiries and pre-loading activity.

Recent real estate cases in Russia highlight significant risks for buyers, including legal disputes over property rights and fraudulent transactions.

Psychologists in Russia highlight the increasing prevalence of professional burnout among workers, emphasizing the need for awareness and proactive measures to combat its effects.

Sweden is projected to surpass 10,000 corporate bankruptcies in 2024, the highest since the 1990s financial crisis, driven by rising inflation and interest rates.

The partnership between Meta and Reuters highlights the challenges and opportunities the media industry faces in the digital age, raising concerns about journalistic independence and the evolving role of technology in news dissemination.

Oil prices rose due to positive Chinese manufacturing data, while gold prices fell under pressure from a stronger dollar and profit-taking.

Stellantis shares fell over 7% on December 2, 2024, following the unexpected resignation of CEO Carlos Tavares, amid internal board disagreements and declining profits.

Ninja is offering significant discounts on its kitchen appliances during Cyber Week, including popular air fryers and mixers, with prices slashed up to 48%.

Carlos Tavares has resigned as CEO of Stellantis due to differences with the board and disappointing sales figures, marking a significant leadership change for the automotive giant.

Tesla owners are expressing embarrassment over Elon Musk's political endorsements, leading to a surge in anti-Musk merchandise sales and discussions about selling their vehicles.

Volkswagen is facing warning strikes initiated by the IG Metall union at nine of its German plants, in response to proposed job cuts and wage reductions. The situation could escalate into a significant labor conflict if negotiations do not yield positive results.

Lidl's recent promotional campaign in Berlin attracted long queues as customers vied for a chance to win exclusive prizes, sparking mixed reactions on social media. Meanwhile, the retailer is also offering attractive deals for Cyber Monday.

Italy is expanding its renewable energy partnerships with North African countries, focusing on Morocco, Tunisia, and Algeria, as part of its 'Mattei' plan to support African development and enhance energy security.

Taxi unions are mobilizing in Lyon and Marseille to protest against a new Health Insurance agreement that could reduce transport prices and affect patient care.

Stellantis CEO Carlos Tavares has resigned due to board disagreements and declining sales, with a new CEO expected by mid-2025.

As Donald Trump returns to the White House, US companies are stockpiling goods in anticipation of tariffs on imports, while Trump threatens BRICS nations with 100% tariffs if they abandon the US dollar.