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.

2024/9/14

Business

Israel's Economy on the Brink: 46,000 Bankruptcies and 285% Emigration Surge

2024-09-14T16:03:09.793Z

Explore the alarming state of Israel's economy, with over 46,000 bankruptcies and a staggering 285% rise in emigration. Discover insights from former chief economist Yoel Naveh on the urgent need for budget reforms.

Business

Navigating the Future: 70% of Construction and Agriculture Jobs at Risk from Robot Revolution

2024-09-14T14:53:26.039Z

Explore how the rise of robots and artificial intelligence could threaten 70% of jobs in construction and agriculture, while also addressing labor shortages. Understand the implications of this technological shift on the workforce.

Business

US Imposes Drastic Tariffs on Chinese Electric Vehicles: A 100% Increase Sparks Trade War

2024-09-14T14:43:26.120Z

The US has announced a staggering 100% tariff increase on Chinese electric vehicles, escalating trade tensions with China. This decision impacts $18 billion in annual imports and has drawn fierce criticism from Beijing. Discover the implications of these tariffs on global markets and the potential for retaliation.

Business

Protect Your Wealth: How Scammers Exploit Social Media to Deceive Investors

2024-09-14T12:33:33.327Z

Discover how scammers are leveraging social media platforms like WhatsApp to pose as financial advisors and deceive investors. Learn essential tips to protect your personal information and avoid falling victim to these sophisticated schemes.

Business

Saudi Arabia's Economic Future Brightens: S&P Upgrades Outlook Amid Non-Oil Sector Growth

2024-09-14T11:23:27.803Z

Discover how Standard & Poor's positive outlook for Saudi Arabia reflects strong growth in the non-oil sector and economic resilience, bolstered by Vision 2030 initiatives.

Business

OpenAI's Valuation Skyrockets to $150 Billion Amid $6.5 Billion Funding Talks

2024-09-14T11:03:14.641Z

Discover how OpenAI's valuation has surged to $150 billion as the company seeks to raise $6.5 billion in funding, attracting major investors like Thrive Capital, Microsoft, and Apple.

Business

Mark Slater Warns: Urgent Action Needed to Save the UK Stock Market from Crisis

2024-09-14T10:33:10.682Z

Mark Slater raises urgent concerns about the long-term sustainability of the UK stock market, highlighting a £1 trillion capital outflow and the need for government intervention to restore investor confidence and support local businesses.

Business

Trump Unveils Controversial Tariff Plan to Fortify Dollar's Global Standing

2024-09-14T09:33:05.475Z

Donald Trump proposes up to 100% tariffs on nations trading outside the dollar system, aiming to protect its status as the world's reserve currency. Experts warn of potential economic repercussions.