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.

2024/12/17

Business

Honda and Nissan Plan Merger to Strengthen Electric Vehicle Competitiveness

2024-12-17T21:17:33.956Z

Honda and Nissan are in talks to merge, potentially including Mitsubishi, to enhance competitiveness in the electric vehicle market.

Business

Morocco's Unemployment Hits 21.3% Amid Slowing Population Growth

2024-12-17T20:47:13.251Z

Morocco's unemployment rate has reached 21.3%, according to the 2024 census, while the country faces a slowing population growth and an aging demographic.

Business

Russia's Deposit Rates Hit Historical Highs at 22.08% Amid Inflation Fight

2024-12-17T20:18:06.031Z

The average maximum deposit rate in Russia has reached 22.08% per annum, the highest on record, as banks respond to aggressive monetary policy aimed at combating inflation.

Business

INSEE Forecasts Rising Unemployment and Sluggish Growth for 2025

2024-12-17T18:17:40.505Z

INSEE projects a rise in unemployment to 7.6% and sluggish GDP growth of 0.2% for early 2025, citing structural issues in job creation and economic uncertainty.

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

Dubai Financial Market Surges as Christmas Rally Hopes Rise

2024-12-17T16:57:39.242Z

The Dubai Financial Market has surpassed 5,000 points for the first time since 2014, coinciding with renewed hopes for a Christmas rally in global financial markets.

Business

Russia's State Duma Proposes Ban on Gifting Alcohol with Heavy Fines

2024-12-17T16:27:55.508Z

The State Duma in Russia has proposed a bill to ban the gifting of alcohol, imposing fines up to 100,000 rubles for violations, as part of a broader effort to reduce alcohol consumption in the country.

Business

Syria's Central Bank Sets Lira at 12,500 to Dollar Amid Economic Transition

2024-12-17T14:28:10.525Z

The Central Bank of Syria has set the exchange rate at 12,500 liras to the dollar, marking a significant economic shift following the overthrow of Bashar al-Assad.

Business

Construction and Automotive Industries Face Major Job Losses Amid Economic Struggles

2024-12-17T10:47:52.099Z

The construction industry in France is projected to lose 100,000 jobs in 2024 due to a decline in new housing projects, while automotive supplier Webasto faces financial turmoil, potentially leading to further job cuts.

Business

Opel Frontera Electric Launch Amid Rising Electric Vehicle Thefts

2024-12-17T10:08:05.728Z

Opel has introduced the Frontera Electric SUV, priced under 30,000 euros, while reports of electric vehicle thefts, particularly targeting Geely models, are rising in Israel.

Business

China Targets Record Budget Deficit to Stimulate Economy in 2025

2024-12-17T09:57:14.701Z

China has set a record budget deficit target of 4% of GDP for 2025, aiming to stimulate economic growth amid challenges such as trade protectionism and a property crisis.

Business

Trump Announces $100 Billion SoftBank Investment to Boost U.S. Economy

2024-12-17T08:47:04.837Z

US President-elect Donald Trump has announced that Japan's SoftBank Group will invest $100 billion in the United States over the next four years, creating 100,000 jobs in the artificial intelligence sector.

Business

China Faces Economic Challenges as Deflation Threatens Growth

2024-12-17T07:57:12.713Z

China is confronting a deflationary cycle that poses significant risks to its economy, prompting government measures to stimulate growth amid fears of a long-term recession.

Business

Major Crypto Scam Operation in Lagos Leads to Arrests of 792 Suspects

2024-12-17T06:47:24.534Z

Nigerian police have arrested 792 suspects, including foreign nationals, in a major crackdown on a cryptocurrency scam operation in Lagos.

Business

Study Reveals Most Eco-Friendly Electric Cars Amid Rising Theft Concerns

2024-12-17T05:17:06.951Z

A new study identifies the BYD Dolphin as the most environmentally friendly electric car, while rising thefts of electric vehicles, particularly Geely models, raise security concerns among owners.