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.

2024/9/16

Business

Israeli Shekel Plummets: Political Instability and Inflation Drive Currency Decline

2024-09-16T16:04:57.475Z

The Israeli shekel has fallen against major currencies due to political instability and rising inflation. Explore how these factors are impacting the economy and what it means for the future.

Business

Bitcoin's Volatile Journey: How 2024's Market Fluctuations Challenge Miners and Investors

2024-09-16T15:14:27.707Z

Explore the volatile cryptocurrency market of 2024, where Bitcoin's dramatic price shifts pose challenges for miners and investors alike. Understand the implications of new regulations and the future of digital assets.

Business

Israel's Economy Faces Turbulent Times: Growth Forecast Slashed Amid Ongoing Conflict

2024-09-16T13:54:48.847Z

Israel's economy is projected to grow at its slowest pace since 2009 due to the ongoing conflict in Gaza, with GDP growth forecasts cut and a significant budget deficit looming. Explore the implications for the nation's financial future.

Business

Pakistan Slashes Fuel Prices: A Strategic Move Amid Economic Turmoil

2024-09-16T11:53:42.647Z

Pakistan reduces fuel prices to ease consumer burden amid economic turmoil and public protests. Discover the implications of this strategic move as the government negotiates with the IMF.

Business

Wizz Air Unveils Low-Cost Long-Haul Flights: Jeddah Awaits Budget Travelers

2024-09-16T11:04:02.690Z

Wizz Air announces its entry into the long-haul flight market with budget-friendly options to Jeddah, starting at €160. Discover the airline's plans for low-cost travel and what passengers can expect.

Business

French Fuel Savings and German Border Controls: Navigating Economic Challenges

2024-09-16T10:15:06.765Z

Discover how French citizens are crossing borders for fuel savings amid inflation, and learn about Germany's new border controls aimed at curbing illegal entries. Stay informed about the economic impacts on cross-border trade and commuting.

Business

Afghanistan's Economy Shows Signs of Recovery: Key Indicators and Future Prospects

2024-09-16T09:54:15.065Z

Explore Afghanistan's economic recovery under Taliban rule as highlighted by the World Bank report. Discover key indicators of improvement, challenges, and future prospects for sustainable growth.

Business

Wachipato Steel Mill Closes: 2,700 Jobs Lost, Unemployment to Spike in Chile

2024-09-16T07:33:43.852Z

The closure of Chile's largest steel mill, Wachipato, threatens 2,700 jobs and could raise unemployment by 2.5%. Learn about the economic impact and community response to this significant industrial shift.