Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
CATL to Launch 1,000 Battery Replacement Centers in China
Tunisia's Solar Energy Ambitions: Overcoming Political and Economic Hurdles
Saudi Arabia Innovates Lithium Extraction from Oil Wells
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
2024/12/21
China's Economy Faces Challenges Amidst New Stimulus Efforts
China's economy is projected to face significant challenges in 2025, with low consumer confidence and potential US tariffs threatening growth. The government is implementing new stimulus measures to boost domestic consumption.
Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access
President Vladimir Putin has proposed expanding the family mortgage program in Russia to allow purchases on the secondary market, aiming to improve housing access for families with children.
USMCA Panel Rules Against Mexico in GM Corn Dispute
A USMCA panel ruled in favor of the United States in a dispute over Mexico's ban on genetically modified corn, requiring Mexico to reverse its restrictions within 45 days.
Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials
The won/dollar exchange rate's rise to 1,450 won and historic cocoa prices over $12,900 per tonne are driving significant increases in domestic prices and posing economic challenges.
Former Minister Christophe Castaner Joins Shein as CSR Advisor
Former French Minister Christophe Castaner has been appointed as an advisor to Shein, focusing on corporate social responsibility initiatives as the fast fashion giant seeks to improve its sustainability practices amidst increasing scrutiny.
Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil
President-elect Donald Trump has warned the European Union that it must significantly increase its purchases of American gas and oil or face substantial tariffs on its products. This ultimatum comes as the EU prepares for potential trade escalations and seeks to deepen energy ties with the U.S.
Central Bank of Russia Holds Key Rate at 21% Amid Inflation Concerns
The Central Bank of Russia has decided to maintain the key interest rate at 21% per annum despite rising inflation, as it assesses the impact of previous monetary policy adjustments.
Orange Partners with Disney for New Content Distribution Deal
Orange has secured a distribution agreement with Disney, allowing it to offer Disney content and channels, previously available through Canal +, to its subscribers.
France's Public Debt Reaches 3,303 Billion Euros Amid Economic Uncertainty
France's public debt has surged to 3,303 billion euros, reaching 113.7% of GDP, amid ongoing economic challenges and political instability.
Jordan to Raise Minimum Wage Amid Economic Pressures
Jordan plans to raise the minimum wage from 260 to 290 dinars starting January 1, 2025, in response to rising living costs and inflation, aiming to improve workers' living conditions while balancing employer concerns.
Putin Highlights Economic Growth and Demographic Challenges in Russia
President Vladimir Putin reported a resilient Russian economy with projected GDP growth of 3.9-4% in 2024, while addressing challenges such as high inflation and declining birth rates. The government is implementing measures to support families and improve housing access.
Egypt Leads as Cheapest Bottled Water Market in Arab World
Egypt has the cheapest bottled water globally, with significant growth in the bottled water market driven by health awareness and convenience.
Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing
Boulanger is offering a discounted Xiaomi Redmi 12 smartphone pack for the holidays, while facing fines for price fixing in the household appliance sector.
IMF Negotiates New Financial Program with Argentina Under Milei's Leadership
The IMF is negotiating a new financial program with Argentina's government led by Javier Milei, aiming to address the country's significant debt and stabilize its economy.
France Opposes EU-Mercosur Trade Agreement Amid Economic Concerns
France's strong opposition to the EU-Mercosur trade agreement raises concerns about its impact on local agriculture, despite potential economic benefits for the EU.
Renault Signs Agreement to Increase Productivity for Executives
Renault has signed a new agreement with two unions to increase productivity by eliminating annual leave and restricting teleworking for executives, while enhancing health coverage and retirement options.
CATL to Launch 1,000 Battery Replacement Centers in China
CATL, the world's largest electric vehicle battery maker, plans to open 1,000 battery replacement centers in China next year to enhance EV charging convenience.
Syria-Jordan Trade Resumes After Border Closure Amid Security Concerns
Trade between Syria and Jordan has resumed after a two-week closure of the Jaber border crossing, with nearly 500 trucks crossing into Syria and new opportunities for Syrian exports.
Municipal Budgets for 2025: San Isidro Prioritizes Security, Nice Faces Debt Challenges
San Isidro's 2025 budget emphasizes a significant investment in security and public works, while Nice's budget faces scrutiny over high debt levels and opposition criticism.
Gold Rises as Dollar Falls and Oil Prices Stabilize
Gold prices have rebounded following a decline due to the Federal Reserve's signals of a slower pace of interest rate cuts, while the dollar has weakened slightly. Oil prices remain stable amid these market shifts.
Dollar Nears Two-Year High Amid Global Currency Fluctuations
The US dollar is nearing a two-year high following the Federal Reserve's signals of slower interest rate cuts, while Argentina faces rising alternative dollar rates amid economic challenges.
South Korea's Won Hits 15-Year Low Amid Political Turmoil
The South Korean won has fallen to its lowest level in 15 years, opening at 1,453 won to the dollar, amid political instability and recent US interest rate cuts.
Top Corn Producing and Exporting Countries: A Global Overview
An overview of the largest corn producing and exporting countries, highlighting the role of corn in global food security and the dynamics of the corn market.
Russia Extends Maternity Capital Program Until 2030 to Support Families
The Russian government has decided to extend the maternity capital program until 2030, aiming to support nearly 5 million additional families. This initiative, announced by Prime Minister Mikhail Mishustin, reflects the program's proven effectiveness in enhancing financial stability for families with children.
Wall Street Plummets as Fed Signals Fewer Interest Rate Cuts Ahead
U.S. stock markets fell sharply after the Federal Reserve's announcement of its third interest rate cut this year, signaling a more cautious approach to future cuts.
Kiryat Shmona's Real Estate Market Stagnates Amid Uncertainty and Lack of Investment
The real estate market in Kiryat Shmona is facing severe stagnation due to uncertainty and lack of government investment, with significant declines in sales and rental prices.
US Federal Reserve Lowers Interest Rates by 0.25% Amid Economic Recovery
The US Federal Reserve has cut interest rates by 0.25% to support economic growth, despite rising inflation and mixed labor market signals.
Iran's Currency Crisis: Political Pressures and Economic Strategies
Iran's rial faces significant depreciation due to political tensions and economic policies, prompting the Central Bank to implement a new pricing mechanism aimed at stabilizing the currency.
Israel's Poverty Rate Remains High, Ranking Second in OECD
A report reveals that Israel has the second-highest poverty rate in the OECD, with significant disparities among different demographic groups and alarming child poverty rates.
Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities
Tunisia faces a severe crisis in its olive oil sector, with prices plummeting and farmers protesting due to lack of demand and liquidity. The crisis stems from aggressive anti-corruption measures and international competition, highlighting the need for comprehensive reforms.