World Daily News

Explosion at Mexican Steel Mill Results in 13 Fatalities

A steel mill explosion in Tlaxcala, Mexico, has resulted in 13 fatalities, prompting investigations into the cause.

Business

BIS Withdrawal from mBridge Project: Implications for Putin's Economic Strategies

2024-11-02T11:26:23.846Z

The BIS's withdrawal from the mBridge project raises questions about the future of cross-border payments and highlights Putin's ambitions for alternative financial systems in response to US sanctions.

Business

US Job Growth Stalls Amid Hurricane and Strikes Before Election

2024-11-02T10:26:18.831Z

The US labor market shows signs of weakness with only 12,000 new jobs added in October, influenced by Hurricane Milton and strikes, raising concerns ahead of the presidential election.

Business

Buffett Cuts Apple Stake as Berkshire Hathaway Reports Record Cash Reserves

2024-11-02T17:26:15.439Z

Warren Buffett's Berkshire Hathaway has reduced its stake in Apple by 25%, reporting a record cash reserve of $325.2 billion amid market challenges.

Business

Russia to Nearly Double Sick Leave Payments by 2027 Amid Economic Changes

2024-11-02T18:06:44.951Z

The Russian government plans to nearly double the maximum sick leave payments over the next three years, reflecting a commitment to improve social protection amid rising living costs. Additionally, child care and maternity benefits will also see significant increases.

Business

Egypt and Turkey Experience Credit Rating Upgrades Amid Economic Challenges

2024-11-02T12:26:24.575Z

Fitch Ratings has upgraded Egypt's credit rating to B, while Standard & Poor's has raised Turkey's rating to BB-. Both nations face significant economic challenges but show signs of recovery.

Business

Volkswagen's Factory Closures Signal Deepening Crisis in Germany's Manufacturing Sector

2024-11-02T09:16:30.509Z

Volkswagen's decision to close factories and lay off thousands of employees underscores a deepening crisis in Germany's manufacturing sector, as the government struggles to respond effectively.

2024/8/31

Business

U.S. Economy Grows 3% Amid Consumer Spending Surge, But Recession Risks Loom

2024-08-31T19:29:43.736Z

Explore how the U.S. economy has achieved a 3% growth rate in 2024, driven by consumer spending, while facing looming recession risks and challenges from rising unemployment and inflation pressures.

Business

Morocco Aims to Attract 26 Million Tourists Annually by 2030: A Record 10 Million Tourists Welcomed in 2024

2024-08-31T16:39:50.569Z

Discover how Morocco is on track to welcome 26 million tourists annually by 2030, with a record 10 million arrivals in 2024. Explore the economic impact of this booming sector and its future prospects.

Business

Wells Fargo Employee Found Dead in Arizona: Investigation Highlights Safety Concerns

2024-08-31T16:30:07.461Z

Tragic incident at a Wells Fargo branch in Tempe, Arizona, where employee Denise Prudhomme was found dead in her cubicle days after clocking in. The investigation raises serious questions about workplace safety and internal protocols.

Business

China's Real Estate Crisis Deepens: Manufacturing Sector Contracts for Fourth Month Amid Economic Uncertainty

2024-08-31T14:39:57.462Z

China faces a deepening real estate crisis as its economy struggles with a fourth consecutive month of manufacturing contraction. This article explores the implications of these challenges on consumer confidence and future economic growth.

Business

Libya's Oil Crisis: 63% Production Drop Amid Political Turmoil

2024-08-31T12:00:00.400Z

Explore the deepening oil crisis in Libya as political tensions lead to a staggering 63% drop in production. Understand the implications for the economy and the urgent need for resolution.

Business

Electric Cars Surge: BYD Overtakes Tesla as Global Leader in 2023 Sales

2024-08-31T10:29:59.704Z

Discover how electric cars are reshaping the automotive industry as BYD surpasses Tesla in global sales. Learn about the top-selling electric vehicles of 2023 and what drives this rapid growth in the electric vehicle market.

Business

Iran's Economy Faces Turmoil: Urgent Reforms Needed Amid Sanctions and Inflation

2024-08-31T09:29:54.463Z

Explore the urgent challenges facing Iran's economy as it grapples with high inflation, international sanctions, and the need for comprehensive reforms. Discover how the new government's economic team aims to stabilize the situation while navigating complex internal and external pressures.

Business

Germany's Pension Crisis: Millions Face Low Benefits Despite Years of Contributions

2024-08-31T08:20:09.350Z

Explore the urgent issues surrounding Germany's pension system where millions face low benefits despite decades of contributions. Discover the implications of recent reforms and the regional disparities affecting retirees.