The digital asset industry is preparing for cyberattacks based out of quantum computers, according to the Financial Times.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – May 26 2026
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UNEMPLOYMENT IS RISING IN GERMANY
During this century’s first two decades, global demand for Germany’s cars, machine tools, and similar products made the country a haven for skilled workers.
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EU CUTS 2026 GROWTH FORECAST BELOW 1 PERCENT
The European Union’s (EU’s) economy will grow 0.9 percent this year, officials of the 21-country current union now expect a reduction from the 1.4 percent forecast made last November.
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BOND MARKET CRASH WORSENS GOVERNMENTS’ DEBT CRISIS
Bond markets are tanking around the world, driving up the interest rates that governments must pay to service their ever-increasing public debt loads.
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JPMORGAN IN TALKS TO SPREAD RISK ON $4 BILLION IN LOANS
The richest U.S. bank by assets is negotiating with investors to share the risk associated with $4 billion in dozens of net-asset-value loans JPMorgan has made to private equity firms and other investment funds in Europe, the Middle East, and North America.
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SPOTLIGHT: THE AI JOBS WIPEOUT CONTINUES
In April, Meta’s C-suite notified company employees that about 8,000 of them – about 10 percent of the company’s payroll – would lose their jobs on 20 May. Last week, Meta fulfilled that promise.
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USE OF CHINA’S CURRENCY SETS RECORD IN GLOBAL TRADE
In March, the average daily value of cross-border transactions conducted in China’s renminbi currency rose to a record, the equivalent of $135.7 billion, Chinese state media said.
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U.K. SIGNS “MONUMENTAL” TRADE PACT WITH PERSIAN GULF STATES
The U.K. and the Gulf Cooperation Council (GCC) have negotiated a trade agreement that will be “monumental” in its benefits to both parties, Abdulla bin Adel Fakhro, Bahrain’s minister of industry and commerce, said to CNBC.
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SPOTLIGHT: THE IRAN WAR’S ECONOMIC FALLOUT
The Iran War will reduce real labor income by 1.1 percent this year and 3 percent in 2027, which is equivalent to abolishing 14 million jobs this year and 43 million next year, the United Nations’ International Labor Organization (ILO) is forecasting.