The Trump administration’s laissez-faire attitude toward major mergers and acquisitions has persuaded a growing number of companies “to take a shot at deals that merge direct competitors,” The Wall Street Journal reported after talking with executives, investment bankers, and lawyers in the field.
Volkswagen can develop and produce new electric vehicles (EVs) in China for half the cost of doing the same work in its native Germany, the company says, citing mature EV supply chains, easier access to batteries, lower labor costs, and shortened timelines from design through production.
Dutch lender ABN Amro, with two acquisitions in progress, will dump 5,200 of its current staff as part of a campaign by new CEO Marguerite Berard to cut costs and increase profits.
Klarna, a Swedish online “buy now, pay later” lender has issued a U.S. dollar-backed stablecoin to use for international payments, enabling the company to “dramatically reduce costs for both consumers and merchants,” it said.
n this year’s third quarter, India’s economy grew at an annual rate of 8.2 percent, beating both the second quarter’s 7.8-percent pace and the 7.3 percent economists had forecast in a Reuters poll.
The administration of British Prime Minister Keir Starmer will levy an additional £26 billion (about $34 billion) in taxes by 2030, chief financial officer Rachel Reeves announced last week.
Chinese President Xi Jinping’s mandate to reduce factories’ overcapacity and cutthroat competition in the country’s industrial sector seems to have had an impact: investment in fixed assets such as factory machinery dropped 1.7 percent through October this year compared to the same period in 2024.
Because of past and present “immense demands on public finances,” several Eurozone countries face fiscal “sustainability risks,” according to the European Commission’s (EC’s) new assessment of member countries’ compliance with rules governing public spending.
An aging workforce and falling birth rate will combine to drop the annual GDP in Europe and China by 2050, a study by the European Bank for Reconstruction and Development (EBRD) has warned.
As we have greatly detailed, the global economy is in slowdown mode.