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

Algeria's 2025 Budget: Record Spending Amidst Significant Deficit

2024-11-24T16:51:55.284Z

Algeria's President Tebboune has approved a historic budget for 2025, featuring record spending and a significant deficit, highlighting the country's reliance on oil and gas revenues.

Business

Turkey's Trade with Arab Nations Hits Record Highs in 2024

2024-11-24T16:51:51.150Z

Turkey's trade with Arab countries has surged to record levels in 2024, with exports reaching $39.9 billion, driven by political rapprochement and strategic economic partnerships.

Business

Iraq Faces Electricity Crisis as Iranian Gas Supplies Halted

2024-11-24T19:41:56.888Z

Iraq's electricity supply faces a significant setback as Iranian gas imports are halted for maintenance, leading to a loss of 5.5 gigawatts from the national grid. The Ministry of Electricity is coordinating efforts to mitigate the impact while addressing long-standing energy challenges.

Business

Egypt's Economy Strained by Red Sea Tensions, Warns Foreign Minister

2024-11-24T20:52:05.896Z

Egyptian Foreign Minister Badr Abdel Aty warns of significant economic impacts due to escalating tensions in the Red Sea, leading to a drastic decline in Suez Canal revenues.

Business

Netanyahu's Arrest Warrants Pose Threat to Israel's Economy

2024-11-24T17:21:51.087Z

The issuance of international arrest warrants against Israeli leaders threatens the stability of Israel's economy, as highlighted by a Calcalist report, which warns of decreased foreign investment and rising debt levels.

Business

QatarEnergy Increases Stake in Offshore Namibia Exploration Blocks

2024-11-24T16:12:19.356Z

QatarEnergy has acquired additional stakes in two offshore exploration blocks in Namibia, increasing its interest in Block 2913B to 35.25% and Block 2912 to 33.025%.

2024/9/6

Business

Eastern Economic Forum 2024: Russia Secures 5.5 Trillion Rubles in Agreements Amidst Growing Asian Interest

2024-09-06T19:31:03.257Z

Explore the highlights of the Eastern Economic Forum 2024, where Russia signed a record 5.5 trillion rubles in agreements. Discover the growing interest from Asian countries and the strategic importance of the Far East in the global economy.

Business

China Challenges Canada’s 100% Tariff on Electric Vehicles: A New Trade War Erupts

2024-09-06T18:02:03.682Z

China has lodged a complaint with the WTO against Canada's 100% tariffs on electric vehicles, marking a significant escalation in trade tensions. Discover the implications for global supply chains and the automotive industry.

Business

Turkey's Bold Economic Strategy: Aiming for Single-Digit Inflation and Sustainable Growth by 2027

2024-09-06T17:01:48.081Z

Discover Turkey's ambitious economic program for 2025-2027, targeting single-digit inflation and sustainable growth. Learn about the government's strategies to enhance financial stability and improve overall well-being.

Business

Supermarkets Innovate: Argentina’s Changomas and Germany’s Delfo Transform Grocery Shopping

2024-09-06T14:51:45.791Z

Explore how Changomas in Argentina and Delfo in Germany are transforming the supermarket experience through innovative marketing strategies and a focus on frozen gourmet food, amidst challenging economic conditions.

Business

Egypt Faces Energy Crisis: Domestic Gas Production Hits 6-Year Low as LNG Shipments Increase

2024-09-06T13:41:25.755Z

Egypt's domestic gas production has fallen to a six-year low, prompting the country to secure 20 LNG shipments to meet winter demand. As energy consumption is projected to rise, the shift from gas exporter to net importer raises concerns about the country's energy strategy.

Business

US Economy Faces Labor Market Challenges: 142,000 Jobs Added in August Amid Rate Cut Speculations

2024-09-06T13:11:28.260Z

The US economy added 142,000 jobs in August, falling short of expectations, while the unemployment rate decreased to 4.2%. As the labor market cools, the Federal Reserve faces pressure to cut interest rates to avert a recession. Explore the implications of these trends on the economy.

Business

Germany and France Face Industrial Production Declines Amid Auto Sector Struggles

2024-09-06T12:11:15.128Z

Discover the latest insights into Germany and France's industrial output declines, particularly in the automotive sector, and the implications for foreign trade and manufacturing.

Business

Volkswagen's Cost-Cutting Crisis and Climate Catastrophe in the Sahel: A Dual Challenge

2024-09-06T11:41:47.061Z

Explore Volkswagen's ongoing crisis as it implements drastic cost-cutting measures amidst declining sales and the devastating impact of climate change in the Sahel region, leading to floods and loss of life. Understand the dual challenges facing these sectors.

Business

Jordan's Renewable Energy Investors Rally Against Controversial New Law: A Call for Change

2024-09-06T10:11:26.868Z

Protesters in Jordan are demanding the government retract a new energy law that threatens the renewable energy sector. With over 20,000 jobs at stake, the law has sparked widespread protests and concerns about rising electricity costs for citizens.

Business

Retail Sales Surge 0.5% in July Amid Inflation Projections of 3.9% for August

2024-09-06T08:41:45.539Z

Discover how retail sales rebounded by 0.5% in July, while inflation forecasts for August indicate a rate of 3.9%. Explore the implications for GDP and unemployment as the economy navigates through these changes.