World Daily News

ArcelorMittal's Reims and Denain Sites Face Closure Amid Strikes

ArcelorMittal's service centers in Reims and Denain have gone on strike following the company's announcement of potential site closures due to declining activity in the industrial and automotive sectors.

Business

U.S. National Debt Hits Record High: Implications and Future Risks

2024-11-23T21:31:35.648Z

The U.S. national debt has reached an unprecedented $36.03 trillion, with projections indicating a rise to $57 trillion by 2034. This escalating debt poses significant risks to the economy and global financial stability, as the cost of servicing the debt surpasses defense spending for the first time. Experts warn that without immediate action, the U.S. may face a fiscal crisis, impacting both domestic priorities and international confidence.

Business

US Charges Adani Group with Bribery, Resulting in $27 Billion Loss

2024-11-23T16:11:49.452Z

The US has charged India's Adani Group with bribery involving $265 million to secure solar energy contracts, leading to a $27 billion loss in market value. The group denies the allegations, calling them baseless, while facing significant financial repercussions.

Business

Malaysia's Economic Growth Surpasses China: A Sustainable Model

2024-11-24T08:51:58.499Z

Malaysia has achieved a 5.3% economic growth rate, surpassing China's 4.6%, showcasing effective policies and consumer confidence.

Business

Strong Dollar Challenges Emerging Market Debt Amid Economic Policy Changes

2024-11-24T10:42:44.120Z

The rising strength of the dollar, following Donald Trump's election victory, poses significant challenges for emerging market debt, leading to substantial outflows and increased borrowing costs.

Business

US Government Debt Emerges as Top Financial Stability Risk, Fed Reports

2024-11-24T06:51:45.141Z

The Federal Reserve's semi-annual report highlights US government debt as the primary risk to financial stability, surpassing inflation concerns amid a challenging economic environment.

Business

Study Reveals Tesla Cars Have Highest Fatal Crash Rate Among Vehicles

2024-11-23T13:51:23.561Z

A new study reveals that Tesla vehicles have the highest fatal crash rate among comparable cars, raising concerns about driver behavior and the safety of automated systems.

2024/9/20

Business

Italian Prosecutors Target Elkann Family with €75 Million Seizure in Tax Fraud Case

2024-09-20T22:24:50.017Z

Italian prosecutors have ordered the seizure of €75 million from John Elkann and others in a tax fraud investigation linked to the Fiat dynasty's inheritance disputes. Discover the details of this high-profile case.

Business

Gold Prices Hit Record High as Investors Seek Safety Amid U.S. Economic Uncertainty

2024-09-20T19:34:48.211Z

Gold prices have soared to a historic high of nearly $2,645 per troy ounce, driven by a weakening dollar and the Federal Reserve's unexpected rate cuts, prompting concerns over a potential U.S. recession. Central banks are increasingly turning to gold as a safe asset amid growing economic uncertainty.

Business

Fraudster Arrested for Altering Linky Meters to Slash Electricity Bills by Up to 70%

2024-09-20T15:05:06.239Z

A man was arrested in Valenciennes for modifying Linky meters, promising customers substantial reductions in their electricity bills. This scheme, involving dangerous manipulations, raises concerns about rising electricity meter fraud across France.

Business

Bruno Le Maire's Academic Debut in Switzerland Marred by Controversy and Graffiti

2024-09-20T13:05:45.291Z

Bruno Le Maire, former French Minister of Economy, faces backlash ahead of his teaching debut at the University of Lausanne, with graffiti expressing hostility towards his political legacy and literary work. Discover the details of his new role and the reactions it has sparked.

Business

European Electric Car Market in Crisis: Major Manufacturers Cut Profits Ahead of Key Summit

2024-09-20T10:35:11.282Z

The European electric car market faces a crisis as major manufacturers cut profit expectations ahead of a crucial summit to address stagnating sales and stringent EU regulations. Key players like Volkswagen and BMW report significant losses, prompting calls for urgent action from the EU.

Business

Master Your Job Change Narrative: Expert Resume Tips for Success

2024-09-20T02:34:40.658Z

Discover expert tips on how to effectively communicate job changes in your resume. Learn the importance of clarity and professionalism in discussing temporary positions and reasons for leaving previous jobs.