24 December 2024, Damascus, Syria/Gaziantep, Türkiye – As Syria stands at a crossroads following the recent transfer of authority, the World Health Organization (WHO) has launched a US$ 56.4 million flash appeal to address the urgent health needs of Syrians affected by years of conflict. A nurse cares for a 5-day-old baby at Shams Children’s Hospital […]
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British car production has fallen to its lowest level in over 40 years, reflecting deepening challenges within the automotive industry. A combination of factors, including a slump in domestic and international demand, as well as hurdles in the transition to electric vehicles (EVs), has hindered the country’s manufacturing output. According to recent data, UK car […]
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K-VA-T Food Stores Inc. doing business as Food City (Food City), a regional grocery store chain headquartered in Abingdon, Virginia, has agreed to settle the government’s allegations under the False Claims Act (FCA) related to its dispensing of opioids and other controlled substances. Under the settlement, Food City will pay the United States $8,488,378. Food […]
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A Russian cargo ship, the Ursa Major, sank in the Mediterranean Sea after an explosion occurred in its engine room, according to authorities in Moscow. The incident took place between Spain and Algeria, and it has been reported that two crew members remain missing, while the other 14 have been rescued and are currently in […]
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The Suez Canal Economic Zone (SCZONE) has successfully secured $64 billion in investments aimed at green hydrogen production, marking a significant step towards its goal of becoming a global leader in sustainable energy. The investments, formalized through 12 agreements, will enable the production of 18 million tons of green hydrogen annually. This move is a […]
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Italian state-owned railway company Ferrovie dello Stato (FS) is embarking on a significant renewable energy initiative with a €1.3 billion investment in a large-scale photovoltaic project. The plan, which was revealed by CEO Stefano Donnarumma, aims to produce 1 gigawatt (GW) of solar energy by 2029, meeting 19% of the rail operator’s energy demands. By […]
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American Airlines, the world’s largest airline, was forced to suspend all flights within the United States on Christmas Eve due to a significant technical issue. The disruption, which took place during one of the busiest travel periods of the year, caused widespread delays and cancellations for passengers hoping to reach their holiday destinations. Nationwide Ground […]
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BNP Paribas has announced a significant move in the asset management sector, agreeing to acquire AXA Investment Managers for €5.1 billion (approximately $5.3 billion). The acquisition, which will be one of the largest mergers and acquisitions (M&A) transactions in the global asset management industry in 2024, marks a pivotal moment for both companies. The two […]
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Novo Nordisk, the Danish pharmaceutical giant renowned for its leadership in diabetes care and weight-loss treatments, has seen its shares plummet by 20% following disappointing results from the latest clinical trial of its weight-loss drug, CagriSema. This sharp decline in the company’s stock value, which erased approximately €90 billion from its market capitalization, underscores the […]
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After intense negotiations that appeared to be at an impasse, Germany’s powerful IG Metall union has successfully brokered a deal with Volkswagen, preventing the closure of several manufacturing plants and safeguarding jobs across the company. The agreement, which comes after days of tense discussions, averts significant job losses, redundancies, and potential wage reductions that had […]
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