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

Carrefour Shuts Down All Jordan Stores Amid Boycott Against Israeli Support

2024-11-04T18:47:41.805Z

Carrefour has closed all its branches in Jordan due to a widespread boycott campaign, with 93% of Jordanians participating in protests against the company's support for the Israeli occupation.

Business

IKEA to Pay €6 Million to Compensate East German Forced Labor Victims

2024-11-04T15:37:43.330Z

IKEA has agreed to pay 6 million euros to a fund for victims of forced labor during East Germany's communist regime, acknowledging its historical ties to the practice.

Business

Schaeffler and Auchan Announce Major Job Cuts Amid Economic Pressures

2024-11-05T08:16:57.034Z

Schaeffler and Auchan are implementing significant job cuts due to economic challenges, affecting thousands of employees across Europe.

Business

Russia to Increase Maternity Capital and Social Benefits in 2025

2024-11-05T02:16:53.296Z

Russia is set to increase maternity capital and other social benefits in 2025, including a rise in minimum wage and child care payments, aimed at enhancing financial support for families and vulnerable individuals.

Business

Auchan Implements Major Job Cuts and Store Closures Amid Financial Struggles

2024-11-05T09:07:33.629Z

Auchan has announced significant job cuts and store closures as part of a restructuring plan to address financial losses and adapt to changing retail dynamics.

Business

Boeing Workers Ratify Agreement, Ending Costly Strike

2024-11-05T06:47:16.455Z

Boeing workers have ratified a new agreement, ending a seven-week strike that cost the company over $10 billion, with a 38% wage increase and improved benefits.

Business
2024-11-03T10:47:28.553Z

Dollar's Surge Linked to Trump Election Prospects

2024/9/24

Business

Sánchez and Armand: Leaders Emphasize Growth Amid Economic Challenges in Spain and France

2024-09-24T18:56:08.309Z

Explore how Spain's Pedro Sánchez and France's Antoine Armand address economic challenges, emphasizing public investment and targeted taxation to foster growth and reduce inequality.

Business

Leapmotor International Launches Electric Vehicles in Europe to Challenge Established Brands

2024-09-24T17:36:46.371Z

Leapmotor International, a joint venture between Stellantis and Leapmotor, launches electric vehicles T03 and C10 in Europe, aiming to disrupt the market with competitive pricing and advanced technology.

Business

UniCredit's Stake Increase in Commerzbank Sparks Economic Alarm in Germany

2024-09-24T14:56:34.756Z

UniCredit's recent increase in its stake in Commerzbank to 21% raises alarms in Germany, with concerns over potential economic consequences and the future of small and medium-sized enterprises (SMEs).

Business

Oil and Gold Prices Surge Amid Escalating Israel-Hezbollah Conflict

2024-09-24T13:46:20.968Z

Amid escalating tensions between Israel and Hezbollah, oil and gold prices have surged, reflecting concerns over supply disruptions and increased geopolitical risks. Investors are closely monitoring the situation as the Federal Reserve signals potential rate cuts to stabilize the economy.

Business

Navigating Everyday Risks: Landslides and Geopolitical Challenges for Global Companies

2024-09-24T12:56:04.265Z

Explore the increasing everyday risks from landslides in urban areas due to aging infrastructure and the geopolitical challenges faced by global companies. Learn about preventive measures and the importance of risk management in today's complex environment.

Business

Biden Administration Unveils Bold Strategy to Shield U.S. Auto Industry from Chinese Competition

2024-09-24T12:46:04.392Z

The Biden administration is ramping up efforts to protect the U.S. auto sector from Chinese competition, focusing on tariffs and trade restrictions to safeguard American jobs and promote domestic manufacturing.

Business

Jordan Refuses Tomato Exports to Israel Amid Health Concerns and Rising Prices

2024-09-24T11:36:19.948Z

Jordan has halted tomato exports to Israel due to health concerns linked to cholera, intensifying diplomatic tensions and contributing to a growing tomato shortage in Israel, where prices are soaring.

Business

UniCredit's Stake in Commerzbank Sparks Hostile Takeover Fears Amid Market Decline

2024-09-24T10:36:32.630Z

UniCredit's recent acquisition of a 21% stake in Commerzbank raises concerns of a hostile takeover, prompting political backlash and market declines. Discover the implications for Germany's banking sector and SMEs.

Business

European Commission Rejects China's Dairy Investigation, Launches WTO Challenge

2024-09-24T10:17:10.595Z

The European Commission has launched a WTO challenge against China's investigation into EU dairy products, citing a lack of factual basis amid rising trade tensions.

Business

Israel's Budget Crisis: $10.5 Billion Deficit Threatens Financial Stability Amid US Aid Uncertainty

2024-09-24T09:26:14.256Z

Israel is facing a staggering $10.5 billion budget deficit for 2024, primarily due to uncertain US aid. Opposition members raise alarms over financial stability and potential cuts to essential services.

Business

U.S. Government Considers Ban on Chinese and Russian Technology in Connected Vehicles

2024-09-24T08:46:01.436Z

The U.S. is considering a ban on Chinese and Russian technology in connected vehicles, citing national security risks. The proposed regulations could impact both imported and domestic vehicles, with significant implications for the automotive industry.

Business

Britain's Urgent Call: 1.3 Million Skilled Craftsmen Needed to Address Workforce Shortage

2024-09-24T07:26:25.708Z

Britain is facing a severe shortage of skilled tradesmen, with a need for 1.3 million workers and 350,000 apprentices over the next decade to meet housing and construction demands. This report underscores the urgency for recruitment amid an aging workforce and growing economic opportunities.

Business

China's Central Bank Unveils Bold Economic Measures to Target 5% Growth in 2024

2024-09-24T07:25:47.453Z

The People's Bank of China has announced significant economic support measures, including a 50 basis point cut in the reserve requirement ratio, aimed at achieving a GDP growth target of around 5% for 2024. These measures also include reductions in key interest rates and mortgage rates to stimulate consumption and address the ongoing real estate crisis.

Business

Ecuador's Energy Crisis Deepens: Power Outages Extended Amid Severe Drought

2024-09-24T05:07:15.831Z

Ecuador faces a severe energy crisis with unexpected power outages lasting up to 14 hours, driven by a historic drought and mismanagement. President Noboa's government struggles to address the situation as citizens demand accountability.

Business

Revolutionizing Agriculture: Russia Launches 'Digital Village' to Enhance Farm Management

2024-09-24T02:05:44.272Z

Explore how Russia's new 'Digital Village' platform aims to transform agricultural management through automation and precision farming, addressing labor shortages and enhancing productivity.