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.

2024/9/17

Business

Charente Winegrowers Rally Against Looming Chinese Tax Threats to Cognac

2024-09-17T18:54:41.782Z

Charente winegrowers mobilize against potential 34.8% tax from China, fearing devastating impacts on exports and jobs. Trade tensions escalate as cognac industry faces significant challenges.

Business

Île-de-France Mobilités Unveils Revolutionary Public Transport Fare Reform for 2025

2024-09-17T18:15:10.181Z

Île-de-France Mobilités announces a groundbreaking fare reform set to simplify pricing across the Paris region, making public transport more accessible and affordable for millions starting January 1, 2025.

Business

Russia Advances Pipeline Project in Congo to Boost Energy Ties with Africa

2024-09-17T17:44:15.040Z

Russia has announced plans for a fuel pipeline connecting Pointe-Noire to Brazzaville in Congo, marking a strategic move to enhance energy cooperation with African nations amid shifting global relations.

Business

Israeli Financial Markets Decline as Political Turmoil Mounts Over Defense Minister's Dismissal

2024-09-17T17:44:06.519Z

Discover how the potential dismissal of Israel's Defense Minister Yoav Galant is impacting financial markets, leading to declines in the shekel and the Tel Aviv Stock Exchange amid rising political uncertainties.

Business

French Ministry Bans Popular Algerian 'Marjan' Chocolate Spread Over Safety Issues

2024-09-17T16:03:56.916Z

The French Ministry of Agriculture has banned the popular Algerian chocolate spread 'Marjan' due to safety compliance issues, sparking an investigation into its presence in the market. Discover the implications for Algerian exports and the chocolate industry.

Business

Hurricane Francine Disrupts Oil Production as U.S. Awaits Interest Rate Cut

2024-09-17T14:44:51.258Z

Oil prices have surged due to Hurricane Francine's impact on U.S. production, as markets anticipate a Federal Reserve interest rate cut that could boost demand for oil. Discover how these factors are shaping the energy sector.

Business

US Dollar Plummets Near One-Year Low as Gold Prices Soar Ahead of Fed's Interest Rate Decision

2024-09-17T12:44:54.246Z

The US dollar is nearing a one-year low as gold prices stabilize near an all-time high, driven by expectations of a significant interest rate cut by the Federal Reserve. With the Fed's decision imminent, market analysts predict further declines for the dollar against major currencies.

Business

Egypt's New Tax Strategy Aims to Strengthen Revenue and Business Relations

2024-09-17T12:44:41.665Z

The Egyptian government unveils a new tax strategy to enhance revenues and improve relations with the business community, addressing key issues such as tax evasion and compliance in alignment with IMF recommendations.

Business

Israeli Housing Prices Surge Despite Record Supply: What’s Driving the Market Discrepancy?

2024-09-17T11:34:47.019Z

Explore the surprising rise in Israeli housing prices amidst a record supply of unsold homes, driven by the ongoing conflict and changing buyer preferences.

Business

Air France Tests Paid Catering: A New Era in In-Flight Dining Begins in 2025

2024-09-17T11:04:59.331Z

Air France announces plans to test a paid catering model called 'Buy on Board' starting January 2025, affecting select routes. Discover how this shift aligns with industry trends and what it means for passengers.

Business

China's Economic Crisis: Local Governments Turn to Privatization to Raise Revenues

2024-09-17T09:43:52.907Z

In response to declining revenues, Chinese local governments are privatizing state-owned assets, raising concerns about transparency and effectiveness in tackling the country's economic challenges.

Business

Discover the Top 10 Asian Startups Securing Millions in Global Investments

2024-09-17T08:44:26.036Z

Explore the top 10 Asian startups attracting millions in global investments, showcasing innovation in technology, biotechnology, and more.

Business

Transforming Urban Transport: The Cable 1 Project Set to Revolutionize Commuting in Île-de-France by 2025

2024-09-17T06:33:59.103Z

Discover the Cable 1 project in Île-de-France, an innovative urban cable car line set to connect Créteil to Villeneuve-Saint-Georges by 2025, transforming local commuting with a travel time of just 18 minutes.

Business

Amazon CEO Andy Jassy Declares End of Remote Work Era: Employees to Return Full-Time by January 2025

2024-09-17T06:04:11.527Z

Amazon CEO Andy Jassy announces a full return to in-office work for administrative employees starting January 2025, marking the end of extensive remote work policies. This move aims to strengthen company culture and enhance collaboration among teams.