World Daily News

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.

Business

Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials

2024-12-20T23:18:10.717Z

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.

Business

China's Economy Faces Challenges Amidst New Stimulus Efforts

2024-12-21T08:19:38.820Z

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.

Business

USMCA Panel Rules Against Mexico in GM Corn Dispute

2024-12-21T01:28:03.648Z

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.

2024/12/21

Business

China's Economy Faces Challenges Amidst New Stimulus Efforts

2024-12-21T08:19:38.820Z

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.

Business

Putin Proposes Expansion of Family Mortgage Program to Boost Housing Access

2024-12-21T04:38:05.820Z

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.

Business

USMCA Panel Rules Against Mexico in GM Corn Dispute

2024-12-21T01:28:03.648Z

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.

Business

Economic Pressures: Soaring Prices from Exchange Rates and Raw Materials

2024-12-20T23:18:10.717Z

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.

Business

Former Minister Christophe Castaner Joins Shein as CSR Advisor

2024-12-20T18:18:08.173Z

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.

Business

Trump Threatens EU with Tariffs Unless They Buy More US Gas and Oil

2024-12-20T17:18:19.768Z

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.

Business

Central Bank of Russia Holds Key Rate at 21% Amid Inflation Concerns

2024-12-20T17:08:19.106Z

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.

Business

Orange Partners with Disney for New Content Distribution Deal

2024-12-20T16:27:57.931Z

Orange has secured a distribution agreement with Disney, allowing it to offer Disney content and channels, previously available through Canal +, to its subscribers.

Business

France's Public Debt Reaches 3,303 Billion Euros Amid Economic Uncertainty

2024-12-20T15:08:51.620Z

France's public debt has surged to 3,303 billion euros, reaching 113.7% of GDP, amid ongoing economic challenges and political instability.

Business

Jordan to Raise Minimum Wage Amid Economic Pressures

2024-12-20T12:58:12.460Z

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.

Business

Putin Highlights Economic Growth and Demographic Challenges in Russia

2024-12-20T11:08:11.489Z

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.

Business

Egypt Leads as Cheapest Bottled Water Market in Arab World

2024-12-20T10:18:02.824Z

Egypt has the cheapest bottled water globally, with significant growth in the bottled water market driven by health awareness and convenience.

Business

Boulanger Offers Xiaomi Redmi 12 Smartphone Pack Amid Fines for Price Fixing

2024-12-20T06:58:13.253Z

Boulanger is offering a discounted Xiaomi Redmi 12 smartphone pack for the holidays, while facing fines for price fixing in the household appliance sector.

Business

IMF Negotiates New Financial Program with Argentina Under Milei's Leadership

2024-12-20T05:27:51.188Z

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.

Business

France Opposes EU-Mercosur Trade Agreement Amid Economic Concerns

2024-12-20T02:27:49.807Z

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.

Business

Renault Signs Agreement to Increase Productivity for Executives

2024-12-19T18:08:30.153Z

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.

Business

CATL to Launch 1,000 Battery Replacement Centers in China

2024-12-19T17:29:08.798Z

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.

Business

Syria-Jordan Trade Resumes After Border Closure Amid Security Concerns

2024-12-19T15:18:27.582Z

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.

Business

Municipal Budgets for 2025: San Isidro Prioritizes Security, Nice Faces Debt Challenges

2024-12-19T13:28:34.893Z

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.

Business

Gold Rises as Dollar Falls and Oil Prices Stabilize

2024-12-19T13:08:05.249Z

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.

Business

Dollar Nears Two-Year High Amid Global Currency Fluctuations

2024-12-19T11:08:58.735Z

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.

Business

South Korea's Won Hits 15-Year Low Amid Political Turmoil

2024-12-19T11:08:37.760Z

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.

Business

Top Corn Producing and Exporting Countries: A Global Overview

2024-12-19T06:58:01.412Z

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.

Business

Russia Extends Maternity Capital Program Until 2030 to Support Families

2024-12-19T06:17:48.791Z

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.

Business

Wall Street Plummets as Fed Signals Fewer Interest Rate Cuts Ahead

2024-12-18T23:37:31.480Z

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.

Business

Kiryat Shmona's Real Estate Market Stagnates Amid Uncertainty and Lack of Investment

2024-12-18T20:17:54.475Z

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.

Business

US Federal Reserve Lowers Interest Rates by 0.25% Amid Economic Recovery

2024-12-18T19:37:32.938Z

The US Federal Reserve has cut interest rates by 0.25% to support economic growth, despite rising inflation and mixed labor market signals.

Business

Iran's Currency Crisis: Political Pressures and Economic Strategies

2024-12-18T17:48:04.421Z

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.

Business

Israel's Poverty Rate Remains High, Ranking Second in OECD

2024-12-18T17:47:27.442Z

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.

Business

Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities

2024-12-18T14:07:25.529Z

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.