World Daily News

Russian Ruble Hits New Lows as Dollar Exchange Rate Surges

The Central Bank of Russia has reported a significant drop in the ruble's value against the dollar and euro, reaching levels not seen since early 2022. Analysts attribute this decline to various external pressures, including US sanctions and global market trends, while also noting the potential benefits for exporters. Predictions suggest fluctuations in exchange rates may continue, with possible government interventions to stabilize the currency.

Business

Taxi Protests in Lyon and Marseille Disrupt Traffic Amid Health Insurance Negotiations

2024-12-02T07:14:18.095Z

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.

Business

China Discovers One of the World's Largest Gold Deposits in Hunan

2024-12-02T16:24:32.934Z

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

Business

Qatar Energy and Shell Sign Long-Term LNG Supply Deal with China

2024-12-02T15:54:24.440Z

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.

Business

Glovo Transitions to Salaried Employment for Delivery Workers in Spain

2024-12-02T18:03:33.429Z

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.

Business

French Government Faces Censure Threat Amid Economic Concerns

2024-12-02T17:03:59.153Z

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.

Business

Stellantis Unions React to Carlos Tavares' Resignation: Concerns and Optimism

2024-12-02T20:23:39.618Z

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.

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Business

Volkswagen Workers Launch Warning Strikes Over Job Cuts and Wage Reductions

2024-12-01T19:53:46.361Z

Volkswagen workers in Germany are set to begin warning strikes in response to proposed job cuts and wage reductions, marking a significant escalation in labor disputes at the automaker.

Business

Bangladesh's Inquiry Reveals $16 Billion Annual Looting During Hasina's Rule

2024-12-01T19:43:59.365Z

An inquiry commission has revealed that Bangladesh lost $16 billion annually during Sheikh Hasina's 15-year rule, highlighting systemic corruption and economic mismanagement.

Business

Trump's Tariffs Threaten U.S. Auto Industry with Major Consequences

2024-12-01T18:43:23.904Z

Former President Trump's proposed 25% tariffs on car imports from Mexico and Canada could severely impact the U.S. auto industry, particularly major automakers like Stellantis and Volkswagen, which rely heavily on these countries for production.

Business

Egypt's Energy Crisis: Can Regional Interconnection Solve the Power Outage?

2024-12-01T15:43:43.413Z

Egypt is facing a severe electricity crisis, prompting efforts to enhance regional interconnection projects with neighboring countries to alleviate power outages and secure energy supplies.

Business

Trump Threatens BRICS with Tariffs Over Dollar Dependency

2024-12-01T11:23:44.705Z

President-elect Donald Trump has threatened BRICS nations with 100% tariffs if they move away from the US dollar, emphasizing the importance of maintaining the dollar's status as the world's reserve currency.

Business

Protect Yourself from Rising Travel-Related Financial Scams

2024-12-01T09:33:47.359Z

Travel-related fraud is on the rise, with scammers using advanced technology to exploit unsuspecting travelers. Experts advise vigilance and proactive measures to protect personal and financial information.

Business

Russia Faces Economic Decline Amid War Pressures and Sanctions

2024-12-01T07:33:42.872Z

Russia's economy is projected to enter a phase of decline as military spending pressures mount amid ongoing sanctions and the Ukraine conflict.

Business

Trump Threatens 100% Tariffs on BRICS Nations Over Currency Plans

2024-12-01T07:03:37.786Z

President-elect Donald Trump has threatened to impose 100% tariffs on BRICS nations if they create a new currency to challenge the US dollar's dominance.

Business

Rising Prices of Chocolate, Coffee, and Medicines Amid Climate Change

2024-12-01T01:33:09.190Z

Rising prices of chocolate, coffee, and medicines are impacting consumers as climate change and economic pressures lead to significant price hikes.

Business

Rising Prices of Food and Pharmaceuticals Reflect Economic Challenges

2024-12-01T00:33:17.087Z

The rising costs of food and pharmaceuticals are driven by climate change and economic factors, significantly impacting consumer behavior and public health.