World Daily News

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.

Business

Saudi Arabia Innovates Lithium Extraction from Oil Wells

2024-12-17T17:57:36.086Z

Saudi Arabia has successfully extracted lithium from oil well brine, aiming to launch a commercial pilot program to support the electric vehicle industry.

Business

Interest Rate for Home Savings Plans Drops to 1.75% in 2025

2024-12-18T13:28:02.354Z

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.

Business

Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services

2024-12-18T12:47:45.497Z

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.

Business

Flamanville EPR Reactor to Connect to Grid on December 20, 2024

2024-12-18T12:17:28.006Z

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.

Business

Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities

2024-12-18T14:07:25.529Z

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.

Business

AI-Powered Radar to Detect Drunk Drivers Tested in UK

2024-12-18T13:27:41.802Z

AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.

2024/12/12

Business

Trump's Promise to Lower Food Prices Faces Significant Challenges

2024-12-12T22:15:56.606Z

President-elect Donald Trump claims food prices will soon be more affordable, but experts warn of significant challenges ahead due to supply chain issues and proposed immigration policies.

Business

Russia's State Duma Rejects Bill to Make December 31 a Holiday

2024-12-12T21:36:00.175Z

The State Duma has rejected a proposal to designate December 31 as a non-working holiday, a decision that reflects ongoing discussions about labor rights and holiday regulations in Russia.

Business

2025 Challenges Loom for German Automakers Amid EV Push

2024-12-12T21:06:08.939Z

German automakers face significant challenges in 2025 due to tightening emissions regulations and declining profit margins, prompting the government to introduce financial incentives to boost electric vehicle sales.

Business

Syria's Currency Change: Challenges and Implications

2024-12-12T18:36:06.531Z

Calls for a new currency in Syria are rising as the country faces economic instability and the potential fall of the Assad regime. The complexities of currency replacement involve financial stability, regulatory measures, and public communication.

Business

Mexico City Airport Fee to Rise 2.5% in 2025: Impact on Travelers

2024-12-12T17:26:10.062Z

The Airport Use Fee at Mexico City International Airport will increase by 2.5% for domestic flights and 2.6% for international flights in 2025, impacting ticket prices and raising concerns among travelers and airlines.

Business

Jordan to Resume Exports to Syria Amid Security Concerns

2024-12-12T16:46:45.654Z

Jordan is set to resume exports to Syria early next week after a temporary closure of the Jaber-Nassib crossing due to security issues.

Business

Syria Embraces Market Economy and Prepares for Airport Reopening

2024-12-12T16:17:10.027Z

Syria is transitioning to a market economy, welcoming investments for reconstruction, while preparing to reopen Damascus International Airport.

Business

EU Struggles to Reduce Russian Energy Dependence Amid New Sanctions

2024-12-12T14:56:10.474Z

The EU faces challenges in reducing its reliance on Russian energy, with rising LNG imports and resistance from member states, while Russia claims economic recovery amidst new sanctions.

Business

Qatar's Emir Approves 2025 General Budget with Focus on Stability and Growth

2024-12-12T14:55:57.935Z

The Emir of Qatar has approved the 2025 general budget, projecting revenues of 197 billion Qatari riyals, with a focus on economic stability and strategic sector investments.

Business

ECB Cuts Rates as South Korea Faces Economic Challenges

2024-12-12T13:36:44.763Z

The European Central Bank has cut interest rates to 3% to support economic growth amid declining forecasts, while South Korea's GDP growth projection has been lowered due to domestic and international pressures.

Business

ECB Cuts Interest Rates to 3% as Inflation Eases in Europe

2024-12-12T13:26:03.195Z

The European Central Bank has cut its interest rates by 0.25 percentage points to 3%, marking the fourth cut this year as inflation slows across Europe.

Business

Russia Announces 7.3% Pension Indexation for Working Pensioners in 2025

2024-12-12T12:37:03.716Z

Starting January 1, 2025, Russia will index pensions for working pensioners by 7.3%, marking the first increase since 2016.

Business

Legal Showdown in France: Espionage and Corporate Ethics Unveiled

2024-12-12T12:26:27.326Z

A legal confrontation in Paris reveals espionage and ethical dilemmas involving billionaire Bernard Arnault, filmmaker Francois Ruffin, and former intelligence chief Bernard Squarcini.

Business

Gold Prices Expected to Rise in 2025 Amid Geopolitical Tensions

2024-12-12T11:56:29.325Z

Gold prices are projected to rise in 2025 due to geopolitical tensions, with an average price of $2,760 per ounce, while other commodities face a less optimistic outlook.

Business

Khunjerab Pass Opens Year-Round, Boosting China-Pakistan Trade

2024-12-12T10:25:49.442Z

The Khunjerab Pass between China and Pakistan will operate year-round for the first time, enhancing trade and economic ties between the two countries.

Business

Morocco to Launch Electric Train and Car Battery Industry

2024-12-12T10:16:14.478Z

Morocco plans to establish a local electric train and car battery industry, investing 87 billion dirhams in the railway sector and partnering with Goushen Hi-Tech for battery production.

Business

Switzerland Freezes Syrian Assets: $112 Million in Banks

2024-12-12T08:26:05.123Z

The Swiss Ministry of Economy has frozen approximately $112 million in Syrian assets due to sanctions against Bashar al-Assad's regime, clarifying that none of these funds belong to Assad.

Business

Urgent Calls from Farmers: FNSEA Considers Mobilization as Individual Struggles Persist

2024-12-12T07:36:15.785Z

The FNSEA is contemplating a new mobilization of farmers due to ongoing frustrations with political inaction, while individual farmer Wast B. faces uncertainty after his marriage ends.

Business

Russia Allocates 18.4 Billion Rubles to Boost Domestic Auto Industry

2024-12-12T06:36:15.604Z

The Russian government is set to allocate 18.4 billion rubles to support domestic car manufacturers and buyers, with a focus on preferential loan programs to enhance accessibility for citizens and stimulate the auto market.