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.

2024/9/19

Business

UAE Central Bank Cuts Interest Rates: Real Estate Financing Set to Thrive

2024-09-19T20:14:46.668Z

The UAE Central Bank has cut interest rates by 50 basis points for the first time since 2020, benefiting real estate financing. Discover what this means for borrowers and the essential documents needed for loan approval.

Business

Russia's Central Bank Unveils Comprehensive Debt Regulation Plan to Aid Borrowers

2024-09-19T19:34:36.961Z

The Central Bank of Russia, under President Putin's directive, is drafting a law to regulate citizens' debt comprehensively, aiming to simplify the debt resolution process and alleviate financial burdens for borrowers.

Business

EU Cuts Hungary's Payments by 200 Million Euros Amid Asylum Law Violations and Google Wins Antitrust Appeal

2024-09-19T17:44:52.327Z

Hungary faces a 200 million euro deduction from EU payments due to unpaid fines related to asylum law violations, while Google successfully overturns a 1.5 billion euro fine from the EU for antitrust issues.

Business

Federal Reserve Cuts Rates, Mortgage Rates Drop: A New Hope for Homebuyers

2024-09-19T17:44:43.795Z

The Federal Reserve has cut interest rates for the first time since 2020, leading to a decline in mortgage rates. This shift is expected to boost the U.S. housing market, providing hope for buyers amid rising home prices and economic uncertainty.

Business

Global Stock Markets Rally as Federal Reserve Cuts Rates by 0.50%

2024-09-19T17:26:13.110Z

Global stock markets surged following the Federal Reserve's historic 0.50% interest rate cut, marking a shift in monetary policy aimed at boosting employment and restoring consumer purchasing power.

Business

US Healthcare System Ranks Last Among Developed Nations: A Call for Reform

2024-09-19T17:25:31.019Z

A new report reveals that the US healthcare system ranks last among developed nations, highlighting critical issues such as preventable deaths and access to care. Despite high spending, Americans face significant barriers to healthcare, prompting calls for reform ahead of the upcoming presidential election.

Business

Cathay Pacific A350 Engine Fire Sparks Urgent Inspections Following Safety Concerns

2024-09-19T17:25:09.437Z

Cathay Pacific's Airbus A350 engine fire incident linked to fuel hose deterioration prompts urgent inspections across fleets, raising safety concerns for Rolls-Royce engines.

Business

Paris Stock Exchange Rallies 2.29% as US Federal Reserve Cuts Rates for First Time in Four Years

2024-09-19T17:15:38.414Z

The Paris Stock Exchange surged 2.29% following the US Federal Reserve's first interest rate cut in over four years, signaling a potential economic recovery and boosting luxury and cyclical stocks.

Business

Unlocking Pakistan's Oil and Gas Reserves: A Path to Economic Recovery

2024-09-19T15:15:20.307Z

Pakistan's oil and gas reserves offer potential for economic recovery amidst a severe energy crisis. However, security concerns and investment challenges hinder extraction efforts. Learn more about the implications for Pakistan's economy.

Business

Historic Brands Grotrian-Steinweg and Tupperware File for Bankruptcy Amid Industry Challenges

2024-09-19T15:05:49.802Z

Grotrian-Steinweg and Tupperware recently filed for bankruptcy, highlighting the struggles of traditional companies to adapt to modern market demands and economic pressures. Learn more about their challenges and future prospects.

Business

US Federal Reserve Cuts Interest Rates: Global Economic Implications and Benefits for Consumers

2024-09-19T15:04:50.814Z

The US Federal Reserve's recent interest rate cut is set to influence global markets, impacting currencies, commodities, and precious metals. This article explores the implications for consumers and businesses, particularly in the Arab world.

Business

Two Iconic Brands, Grotrian-Steinweg and Tupperware, File for Bankruptcy Amid Economic Strain

2024-09-19T08:15:21.781Z

Grotrian-Steinweg and Tupperware have filed for bankruptcy, highlighting the struggles of traditional companies in a changing economic landscape. Discover the reasons behind their financial troubles and the impact on employees and consumers.

Business

Israel Canada Hotels Acquires Brown Hotels; Playtica Expands with $700 Million SuperPlay Deal

2024-09-19T07:44:48.185Z

Israel Canada Hotels announces acquisition of Brown Hotels for NIS 100 million, while Playtica secures SuperPlay for $700 million, enhancing their position in the gaming industry.