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.

2024/9/18

Business

US Federal Reserve Cuts Interest Rates: What It Means for the Economy and Housing Market

2024-09-18T20:04:32.684Z

The US Federal Reserve has cut interest rates for the first time since March 2020. This move is set to impact the economy and the housing market, potentially easing borrowing costs but complicating housing affordability. Discover the implications of this decision.

Business

Federal Reserve Cuts Interest Rates by Half a Point: A Bold Move Towards Economic Stability

2024-09-18T19:24:15.423Z

The Federal Reserve has made a historic decision to cut interest rates by half a point for the first time since 2020, aiming to stabilize the economy and prevent a recession. This move is expected to ease financial burdens on Americans and stimulate investment growth.

Business

Delta Air Lines Flight Returns to Salt Lake City After Pressurization Crisis Affects Passengers

2024-09-18T17:54:22.924Z

Delta Air Lines Flight 1203 returned to Salt Lake City shortly after takeoff due to a pressurization issue that caused nosebleeds among passengers. The FAA is investigating the incident, marking a troubling trend for the airline.

Business

US Federal Reserve Set to Cut Interest Rates: Global Economic Impact Expected

2024-09-18T15:34:42.019Z

The US Federal Reserve is expected to announce an interest rate cut, impacting borrowers, banks, and global markets. Learn about the potential winners and losers in this pivotal economic shift.

Business

Turkey's Akkuyu Nuclear Power Plant Delayed: Siemens Energy's Component Shortage Forces Shift to China

2024-09-18T14:54:50.016Z

Turkey's Akkuyu nuclear power plant faces delays due to component shortages from Siemens Energy, prompting a shift to Chinese suppliers. The $20 billion project aims to enhance Turkey's energy independence and sustainability.

Business

Google Triumphs Over EU Antitrust Fine as Qualcomm Faces Setback

2024-09-18T14:34:37.318Z

Google has won a significant legal battle against a €1.49 billion antitrust fine imposed by the EU, while Qualcomm's appeal against its own fine was largely unsuccessful. This ruling could reshape future antitrust proceedings in Europe.

Business

Federal Reserve Set to Cut Interest Rates: Implications for Economy and Housing Market

2024-09-18T14:24:37.642Z

The Federal Reserve is expected to announce its first interest rate cut since 2020, which could have significant implications for the U.S. economy and the housing market. Explore how this move may affect inflation, employment, and housing affordability.

Business

Dairy Queen Aims to Open 100-200 Restaurants in France by 2026

2024-09-18T14:14:16.458Z

Dairy Queen plans to enter the French fast-food market with 100-200 restaurants by 2026, focusing on ice cream and burgers. The brand seeks an experienced local partner for franchising.

Business

Sudan and Russia Forge New Mining Partnerships Amid Economic Challenges

2024-09-18T13:05:26.709Z

Sudan's Minister of Minerals meets with Russian delegation to enhance mining cooperation, while also resuming partnerships with Chinese companies for gold and copper production amidst ongoing challenges in the sector.

Business

France and Italy Tackle Public Deficit Challenges: Insights from Moscovici and New Budget Plans

2024-09-18T10:15:19.801Z

Explore the critical insights from Pierre Moscovici on France's public finances and Italy's ambitious Medium-Term Structural Budget Plan aimed at fiscal responsibility and growth.

Business

European Court of Justice Overturns €1.5 Billion Fine Against Google, Citing Assessment Errors

2024-09-18T09:34:53.901Z

The European Court of Justice has annulled a €1.5 billion fine against Google, citing errors in the European Commission's assessment of the case. This decision reflects ongoing legal challenges faced by Google in the realm of competition law.

Business

Russia's Strategic Budget Plan: Aiming for Economic Growth and Social Support

2024-09-18T08:54:20.405Z

Explore how Russia's upcoming budget strategy focuses on national development goals, social support, and technological advancement, aiming for sustainable economic growth.