World Daily News

CATL to Launch 1,000 Battery Replacement Centers in China

CATL, the world's largest electric vehicle battery maker, plans to open 1,000 battery replacement centers in China next year to enhance EV charging convenience.

Business

Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing

12/20/2024, 6:58:13 AM

Boulanger is offering a discounted Xiaomi Redmi 12 smartphone pack for the holidays, while facing fines for price fixing in the household appliance sector.

Business

Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials

12/20/2024, 11:18:10 PM

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.

Business

Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil

12/20/2024, 5:18:19 PM

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.

Business

Central Bank of Russia Holds Key Rate at 21% Amid Inflation Concerns

12/20/2024, 5:08:19 PM

The Central Bank of Russia has decided to maintain the key interest rate at 21% per annum despite rising inflation, as it assesses the impact of previous monetary policy adjustments.

Business

USMCA Panel Rules Against Mexico in GM Corn Dispute

12/21/2024, 1:28:03 AM

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.

Business

Former Minister Christophe Castaner Joins Shein as CSR Advisor

12/20/2024, 6:18:08 PM

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.

2024/12/5

Business

Anthem Blue Cross Blue Shield Abandons Anesthesia Coverage Time Limits

12/5/2024, 11:44:23 PM

Anthem Blue Cross Blue Shield has halted its plan to limit anesthesia coverage time for surgeries following backlash from anesthesiologists and public outrage.

Business

Fabio Ochoa, Medellín Cartel Leader, Released After 25 Years in Prison

12/5/2024, 11:14:31 PM

Fabio Ochoa Vasquez, a former leader of the Medellín Cartel, has been released from U.S. prison after serving 25 years for drug trafficking and is expected to be deported to Colombia.

Business

UnitedHealthcare CEO Brian Thompson Shot Dead in NYC: A Wake-Up Call for Corporate Security

12/5/2024, 8:34:54 PM

Brian Thompson, CEO of UnitedHealthcare, was shot and killed outside a hotel in New York City, raising concerns about the safety of corporate executives.

Business

Economic Crisis in Damascus: Currency Collapse and Rising Prices

12/5/2024, 8:34:30 PM

The economic crisis in Damascus is deepening as the Syrian pound collapses, leading to soaring prices for essential goods and increased reliance on the black market.

Business

Monaco's Mareterra: A New Luxury District on the Sea

12/5/2024, 5:55:12 PM

Monaco has inaugurated Mareterra, a new luxury district built on the sea, expanding its territory by 3% with a focus on sustainability and high-end living.

Business

Libya's Central Bank to Print 30 Billion Dinars to Ease Cash Crisis

12/5/2024, 5:35:07 PM

Libya's Central Bank has commissioned De La Rue to print 30 billion dinars to address a liquidity crisis affecting the country's economy, heavily reliant on oil revenues.

Business

World Bank Reports Signs of Economic Recovery in Afghanistan

12/5/2024, 3:46:16 PM

The World Bank reports a projected 2.7% GDP growth for Afghanistan, signaling economic recovery after years of contraction, while the Taliban seeks improved relations with the U.S. to access frozen funds.

Business

Egyptian Pound Hits Historic Low, Exceeding 50 Against Dollar

12/5/2024, 3:44:27 PM

The Egyptian pound has fallen to a historic low of 50.0024 against the dollar, driven by economic pressures and an $8 billion IMF loan agreement that mandates currency flexibility.

Business

Bitcoin Hits $100,000 as Trump Takes Credit for Crypto Surge

12/5/2024, 2:54:48 PM

Bitcoin has surged past $100,000 following Donald Trump's announcement of pro-crypto policies, including the nomination of Paul Atkins to lead the SEC.

Business

Murder of UnitedHealthcare CEO Brian Thompson: Investigation and Insights

12/5/2024, 2:44:43 PM

Brian Thompson, CEO of UnitedHealthcare, was shot dead in New York City in a premeditated attack. Police are investigating the incident, utilizing facial recognition technology and analyzing evidence left at the scene.

Business

Bitcoin Surpasses $100,000 Amid Trump’s Promised Deregulation

12/5/2024, 2:24:30 PM

Bitcoin has surpassed $100,000 for the first time, driven by expectations of deregulation under US President-elect Donald Trump, with the overall cryptocurrency market reaching a record high of $3.7 trillion.

Business

Russian Beauty Ekaterina Zhdanova Linked to Major Money Laundering Scheme

12/5/2024, 2:15:04 PM

Ekaterina Zhdanova, a Russian citizen, is at the center of a major money laundering investigation involving multiple countries, with connections to Ukrainian businessman George Rossi.

Business

Billionaires' Wealth Surges to $14 Trillion Amid Economic Shifts

12/5/2024, 1:14:55 PM

The wealth of the world's billionaires has reached $14 trillion, driven by significant gains in the U.S. tech sector, according to the UBS Billionaires Aspirations 2024 report.

Business

VTB CEO Kostin Discusses Russian Economy's Resilience Amid Sanctions

12/5/2024, 12:24:38 PM

VTB CEO Andrey Kostin highlighted the resilience of the Russian economy in the face of Western sanctions, projecting continued growth and discussing inflation and exchange rate stability.

Business

OECD Warns of Economic Risks for Israel Amid Ongoing Conflict

12/5/2024, 11:34:20 AM

The OECD has downgraded its growth forecast for Israel to 0.6% for 2024, citing ongoing conflicts and a projected fiscal deficit of 5.7% for 2025, highlighting significant economic risks.

Business

Trump's Canada Statehood Joke Sparks Trade War Concerns

12/5/2024, 11:15:42 AM

Donald Trump's recent joke about Canada becoming the 51st state has sparked debates about U.S.-Canada relations and potential trade wars, as he threatens significant tariffs on Canadian goods.

Business

Euro Falls as Political Unrest Hits France; Bitcoin Surges Past $100,000

12/5/2024, 9:55:20 AM

The euro declines following the collapse of the French government, raising concerns about economic stability, while Bitcoin surpasses $100,000 for the first time.

Business

Iraq's Retirement Law Debate: Balancing Experience and Youth Employment

12/5/2024, 9:54:32 AM

The Iraqi Council of Representatives is reconsidering the retirement age, proposing to raise it from 60 to 63 years, amidst debates on its impact on youth employment and the economy.

Business

Manhunt for Assassin of UnitedHealthcare CEO Brian Thompson in NYC

12/5/2024, 9:34:19 AM

Brian Thompson, CEO of UnitedHealthcare, was shot dead in a targeted attack outside a Manhattan hotel, prompting a police manhunt for the masked shooter.

Business

Germany's Economy Faces Stagnation with Grim OECD Forecast for 2025

12/5/2024, 9:24:54 AM

The OECD has forecasted a bleak economic outlook for Germany, predicting a mere 0.7% GDP growth in 2025, placing it at the bottom of OECD rankings amid global growth of 3.3%. The report highlights challenges such as weak exports to China and restrictive fiscal policies.

Business

South Korea's Economic Growth Amid Political Crisis: A Comprehensive Overview

12/5/2024, 6:44:56 AM

South Korea's economy has transformed significantly over the past 60 years, but recent political turmoil raises concerns about its future stability.

Business

Israel's 2025 Budget: Hidden Funding for Haredi Institutions Revealed

12/5/2024, 6:44:37 AM

An investigation reveals deceptive funding practices in Israel's 2025 budget, aimed at supporting Haredi institutions despite apparent cuts.

Business

Bitcoin Surpasses $100,000 Mark Amid Trump’s Deregulation Promises

12/5/2024, 5:34:33 AM

Bitcoin has crossed the $100,000 mark for the first time, reaching $102,888, driven by expectations of deregulation under President-elect Donald Trump.

Business

Trump's Tariffs: A New Challenge for U.S. Companies

12/5/2024, 5:34:23 AM

The anticipated tariffs under President Trump's administration may pose greater challenges for U.S. companies than in his first term, particularly affecting the automotive sector and prompting companies to adapt their strategies.

Business

Bitcoin Surpasses $100,000 for the First Time Amid Trump Election

12/5/2024, 5:04:47 AM

Bitcoin has surpassed the $100,000 mark for the first time, driven by expectations of deregulation under President-elect Donald Trump, who aims to position the U.S. as a leader in the cryptocurrency sector.

Business

Putin Declares Western Sanctions Have Failed as Russian Economy Thrives

12/5/2024, 12:44:43 AM

Russian President Vladimir Putin announced at the VTB investment forum that Western sanctions aimed at crippling Russia's economy have failed, citing significant GDP growth and low unemployment rates. He acknowledged ongoing inflation challenges and discussed the potential for a new digital investment platform among BRICS nations.