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
2024/12/11
Elon Musk Becomes First Person to Surpass $400 Billion in Wealth
Elon Musk has made history by becoming the first person to surpass a fortune of $400 billion, driven by the soaring valuation of SpaceX and the impact of Donald Trump's election victory.
The Economic Effects of Syrian Refugees Returning to Türkiye
The return of Syrian refugees to Türkiye following the fall of Bashar al-Assad's regime presents both opportunities and challenges for the Turkish economy, particularly in labor markets and investment sectors.
GM Abandons Robotaxi Dream, Shifts Focus to Advanced Safety Systems
General Motors has decided to withdraw from the robotaxi business, citing high costs and a strategic shift towards developing advanced safety systems for private vehicles.
Spain Tops 2024 Economic Rankings as Global Growth Surges
In 2024, Spain emerged as the best-performing economy globally, with a GDP growth exceeding 3%. The International Monetary Fund forecasts a 3.2% rise in global GDP, while Mediterranean countries continue to dominate economic rankings. Despite strong overall performance, significant disparities exist among countries, particularly between northern and southern Europe.
Coffee Prices Hit All-Time High Due to Weather and Demand Challenges
Coffee prices have surged to record highs due to severe weather conditions in major producing countries and increasing global demand, raising concerns about future retail prices.
France's Special Law to Ensure Budget Continuity Amid Political Crisis
France's government has introduced a special law to ensure the continuity of public services and state functions in light of the political crisis that has prevented the adoption of the 2025 budget.
Qatar Investment Authority to Accelerate Global Investments Amid LNG Revenue Surge
The Qatar Investment Authority plans to accelerate its investment strategy, capitalizing on rising LNG revenues and expanding its portfolio in key sectors and markets.
Sudan Launches Currency Exchange to Combat Counterfeiting and Boost Economy
Sudan has commenced a currency exchange process, allowing citizens to exchange old currency for new denominations, aiming to combat counterfeiting and stabilize the economy.
Global Coffee Prices Soar to Record High Amid Drought Concerns
World coffee prices have reached an all-time high due to severe drought conditions in Brazil and Vietnam, impacting production forecasts and leading to potential shortages in the coming years.
Challenges for Western Companies in China Amid Economic and Geopolitical Tensions
Western companies are facing significant challenges in China due to economic slowdown, local competition, and geopolitical tensions, leading to a bleak outlook for future growth.
Argentina's Javier Milei Announces End of Recession and Major Tax Reforms
Argentine President Javier Milei declared the end of the recession and announced plans to eliminate 90% of federal taxes by 2025, celebrating his administration's first-year achievements.
Mexico Approves Labor Rights for Digital Platform Workers
Mexico's Chamber of Deputies has approved a reform granting labor rights to digital platform workers, ensuring access to social security and other benefits.