ArcelorMittal's Reims and Denain Sites Face Closure Amid Strikes

A potential strike by the International Longshoremen's Association threatens to cripple the US economy with losses estimated at $5 billion per day. Negotiations have stalled, raising concerns over supply chain disruptions and political ramifications.

Egypt is considering a significant shift from food subsidies to cash support, targeting better efficiency and support for the vulnerable population amid rising prices and economic challenges.

Explore the challenges facing the European electric vehicle market as sales decline and Chinese manufacturer Leapmotor enters with affordable models, threatening established brands like Volkswagen.

The Israeli aviation sector faces a severe crisis as the European Aviation Authority advises against travel to Israel, leading to a drastic reduction in foreign airlines and overwhelming demand on local carriers. The impact on air cargo operations is significant, with experts predicting a long recovery period.

Explore the complex fiscal contributions of immigrants in Western countries, revealing how high-skilled workers significantly bolster government budgets, while low-skilled immigrants present mixed impacts. Discover the implications for immigration policy.

The UK economy has grown at a slower pace than expected, with GDP increasing by 0.5% in the second quarter. Prime Minister Keir Starmer aims for a 2.5% growth target while navigating budget challenges and potential austerity measures.

The Israeli tourism sector has faced a catastrophic loss of $5.25 billion due to the Gaza conflict, with significant impacts on both international and domestic tourism. Displacement costs have surged as thousands seek refuge, further complicating the industry's recovery from the pandemic.

China has announced new measures to stimulate its struggling real estate sector, crucial for its economy, amid ongoing manufacturing contraction. The stock market responded positively, but challenges remain as the manufacturing index continues to decline.

Saudi Arabia's unemployment rate declines to 7.1% as foreign investment flows decrease slightly, highlighting ongoing economic reforms and efforts to diversify away from oil dependency.

Gold prices are on track for their best quarterly performance since 2016, surging over 14% this quarter amid interest rate cuts and geopolitical tensions. Discover the latest trends in precious metals.

Explore the recent decline in electric vehicle sales, the factors contributing to this slowdown, and the potential future outlook for the automotive industry as it navigates challenges in key markets.

The construction industry faces a crisis as bankruptcies surge in Germany, with AOC Stadtentwickler filing for insolvency. Meanwhile, the Korea Land and Housing Corporation is under scrutiny for using substandard materials in public housing. Explore the challenges and implications for the future of construction.

Israel's recent credit rating downgrade by Moody's poses significant risks to economic stability and investor confidence, as highlighted by Calcalist. Finance Minister Smotrich's dismissal of the downgrade could lead to increased borrowing costs and long-term economic repercussions.