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.
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.
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.
Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities
Tunisia faces a severe crisis in its olive oil sector, with prices plummeting and farmers protesting due to lack of demand and liquidity. The crisis stems from aggressive anti-corruption measures and international competition, highlighting the need for comprehensive reforms.
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.
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
2024/12/10
US Minimum Wage Set to Rise in 2025: Key Changes and Impacts
The US minimum wage will increase in 2025, with significant changes in New York, reflecting ongoing adjustments to meet economic needs.
Turkey's Automotive Industry Thrives Amid Global Challenges
Turkey's automotive sector has emerged as a significant player in the European market, producing over 1.1 million vehicles in 2023, with a notable increase in electric vehicle sales led by local brand TOGG. Despite facing challenges from international competition, particularly from China, the sector continues to thrive and adapt.
Stellantis Invests €4.1 Billion with CATL for Spanish Battery Factory
Stellantis has announced a €4.1 billion investment in a joint venture with CATL to build a lithium iron phosphate battery factory in Zaragoza, Spain, set to begin production by the end of 2026.
Air Transport Sector Set for Record Year in 2025 with 5.2 Billion Passengers
The air transport sector is expected to achieve record revenues and passenger numbers in 2025, according to IATA forecasts.
Italian Mafia Profits Over €3.3 Billion Annually from Tourism Sector
A recent report reveals that the Italian mafia is generating over €3.3 billion annually from the tourism sector, exploiting vulnerable businesses and posing a significant threat to Italy's economy.
Galeries Lafayette Ends Partnership with Eataly Amid Financial Struggles
Galeries Lafayette has officially separated from Eataly, transferring the operation of its Paris flagship store in the Marais district back to the Italian brand due to financial losses and changing retail dynamics.
Council of State Rules Against Income Tax Indexation Amid Budget Crisis
The Council of State has ruled against including income tax indexation in the upcoming special finance law, potentially leading to increased taxes for millions. Meanwhile, the head of the Tax Authority opposes further VAT hikes as a solution to budget deficits.
Trump Launches Controversial Perfume Line Featuring Jill Biden
US President-elect Donald Trump has unveiled a new perfume line called 'Fight, Fight, Fight,' featuring a promotional image with First Lady Jill Biden. The launch has sparked legal concerns over the use of Biden's likeness without consent, yet the fragrances have quickly sold out, reflecting Trump's ongoing influence in the commercial market.
Oil Prices Decline Amid Middle East Tensions; Gold Rises on Stimulus Hopes
Oil prices fell on December 10, 2024, amid rising geopolitical tensions following the collapse of the Syrian regime, while gold prices rose due to China's stimulus measures.
Rupert Murdoch Loses Control Battle Over Media Empire to Sons
Rupert Murdoch's attempt to consolidate control of his media empire under his son Lachlan has been thwarted by a Nevada probate commissioner's ruling, maintaining equal voting rights among all four of his children.
Stellantis and CATL Invest €4.1 Billion in Spanish Battery Gigafactory
Stellantis and CATL have announced a €4.1 billion investment to build a lithium iron phosphate battery factory in Zaragoza, Spain, aiming to enhance local battery production for electric vehicles by 2026.
Canada Threatens Retaliation Amid Trump's Tariff Threats
Canadian Prime Minister Justin Trudeau warns of retaliation against potential tariffs imposed by U.S. President-elect Donald Trump, emphasizing the economic implications for both nations.
Tunisia's Olive Oil Price Crisis: Farmers Struggle as Consumers Benefit
Tunisia's olive oil sector faces a crisis as prices drop significantly, impacting farmers' livelihoods while benefiting consumers.
Donald Trump Promotes New Perfume Line Using Jill Biden Photo
Donald Trump has launched a new perfume line called 'Fight, Fight, Fight,' using a viral photo with First Lady Jill Biden from the Notre Dame Cathedral reopening to promote the product.
Suspect Arrested in Assassination of UnitedHealth CEO Brian Thompson
Luigi Mangioni, 26, was arrested after a five-day manhunt for the assassination of Brian Thompson, CEO of UnitedHealth Group, who was shot outside a Manhattan hotel. The investigation reveals potential motives linked to health insurance practices.
Russia's Oil and Gas Revenues Surge Amid Sanctions: A 25% Increase in 2024
Russia's oil and gas revenues have increased by over 25% in 2024, defying Western sanctions and showcasing the country's economic resilience. The Ministry of Finance reports significant growth in both energy and non-energy budget revenues, indicating a stable financial outlook.
Luigi Mangione Charged with Murder of UnitedHealth CEO Brian Thompson
Luigi Mangione, 26, has been arrested and charged with the murder of Brian Thompson, CEO of UnitedHealth Group, following a shooting incident in New York City. The case has raised significant concerns about the health insurance industry and gun control.
China Launches Antitrust Investigation into Nvidia Amid Chip War
China has launched an antitrust investigation into Nvidia, escalating tensions in the ongoing chip war with the US. The probe focuses on Nvidia's acquisition of Mellanox and follows recent US export restrictions on advanced chips to China.