Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
Former Minister Christophe Castaner Joins Shein as CSR Advisor
Former French Minister Christophe Castaner has been appointed as an advisor to Shein, focusing on corporate social responsibility initiatives as the fast fashion giant seeks to improve its sustainability practices amidst increasing scrutiny.
Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access
President Vladimir Putin has proposed expanding the family mortgage program in Russia to allow purchases on the secondary market, aiming to improve housing access for families with children.
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil
President-elect Donald Trump has warned the European Union that it must significantly increase its purchases of American gas and oil or face substantial tariffs on its products. This ultimatum comes as the EU prepares for potential trade escalations and seeks to deepen energy ties with the U.S.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Libya's National Oil Corporation Issues Force Majeure Due to Clashes
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
2024/6/27
German Finance Minister Warns of Potential Budgetary 'Tragedy' in France Amid Election Uncertainty
German Finance Minister Christian Lindner warns of a potential budgetary 'tragedy' in France if the future government adopts a lax policy. Concerns rise ahead of the French legislative elections, with implications for market stability and European fiscal discipline.
Caddy's Future in Balance as Two Takeover Offers Emerge Amid Liquidation
The future of Caddy, the renowned supermarket trolley manufacturer, hangs in the balance as two takeover offers are evaluated amid ongoing liquidation. Discover the details of the proposals and what they mean for the company's employees and operations.
Lufthansa Imposes Mandatory Environmental Fee to Meet EU Regulations
Lufthansa introduces a mandatory environmental fee for flights starting from January 1, 2025, to cover increasing costs due to EU environmental regulations. The surcharge will range from 1 to 72 euros, depending on the route and fare.
Escalating Israel-Hezbollah Tensions Surge Oil Prices, Impact Global Markets
Oil prices have surged due to escalating tensions between Israel and Hezbollah, despite an unexpected rise in US oil inventories. The potential conflict could disrupt global markets, impacting oil and gold prices. Read more to understand the implications.
Israeli Economy Struggles: New Tax Measures to Support War Effort
The Israeli economy faces a recession due to the Gaza conflict. New tax measures, including the deduction of recovery days, aim to support reserve soldiers but have sparked public debate.
Paris Tops 2024 Ranking of Dynamic Local Businesses, Survey Reveals
Paris has been ranked as the top city in France for dynamic local businesses in 2024, according to a survey by Shop Small and American Express. The study highlights the growing popularity of local shops across the country.