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
2024/8/18
Turkey's Bold Move: Exploring Energy Opportunities in Africa with Somalia's Offshore Oil
Discover how Turkey is enhancing its energy security through strategic partnerships in Africa, focusing on Somalia's offshore oil exploration and broader economic ties. Learn about Turkey's influence and initiatives across the continent.
Unlocking History: The Panama Canal's Journey from Failure to Global Trade Powerhouse
Discover the remarkable history of the Panama Canal, a vital artery for global trade. Learn about its engineering challenges, political intrigue, and the economic impact it continues to have today.
Lebanon's Electricity Crisis: Power Outages Worsen Amid Economic Collapse
Lebanon is facing a severe electricity crisis with power outages affecting daily life and essential services. The Electricité du Liban has cut off electricity supply due to a liquidity crisis, highlighting the urgent need for reforms in the energy sector.
Central Bank of Libya Halts Operations Amid Kidnapping Crisis: A Call for Stability
The Central Bank of Libya suspends operations following the kidnapping of a senior official, raising concerns about the country's economic stability and international financial access.
Israel's Economy Struggles: Contraction Amid Ongoing Gaza Conflict Reveals Alarming Trends
Explore how the ongoing Gaza conflict is impacting Israel's economy, leading to a contraction in GDP growth and changes in consumer behavior. Understand the implications for the future amidst rising government spending and private consumption.
Navigating the Political Minefield: How Major Companies Face Boycotts in the 2024 Election Cycle
Explore how major companies like Netflix and Google are navigating accusations of political bias and calls for boycotts during the 2024 U.S. presidential election. Understand the impact of misinformation and consumer sentiment on corporate strategies.
Morocco's Aviation Industry Soars: From Components to Complete Aircraft by 2030
Discover how Morocco's aviation industry is rapidly evolving, manufacturing over 40 aircraft components, and aiming to assemble complete aircraft by 2030. Explore the growth, investment opportunities, and skilled workforce driving this transformation.