The economic slowdown continues to leave its mark on Main Street and corporate America alike.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Aug 4 2026
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SPOTLIGHT: BIGS GETTING BIGGER
U.S. private equity giant Blackstone is buying HSBC bank’s Australian portfolio of home and personal loans.
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HERMÈS SHARE PRICE DROPS DESPITE POSITIVE SECOND QUARTER
The share price of luxury firm Hermès plopped down 10 percent on 28 July even though the company reported a modest rebound in sales during this year’s second quarter.
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SHELL OIL REPORTS SECOND-BEST QUARTER EVER
British energy giant Shell Oil posted $9.8 billion in adjusted earnings in the second quarter, beating analysts’ forecast of $8.9 billion and more than doubling the $4.3 billion from a year earlier.
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MERCEDES TRIMS 2026 REVENUE FORECAST
Mercedes-Benz lowered its 2026 revenue forecast last week, saying revenues would come in “slightly” below last year’s figure of €132.2 billion. Earlier, the company had forecasted this year’s revenue would be about the same as last.
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CHINESE STUDENTS FLOCK TO PUBLIC-SECTOR JOBS
Despite China’s world-class tech economy, more high-school graduates are choosing to pursue careers in the military, police, or other public service agencies.
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EUROZONE SQUEEZES OUT 0.4-PERCENT SECOND-QUARTER GROWTH
In this year’s second quarter, the economy of the 21-member Eurozone eked out 0.4-percent growth despite the Iran War’s energy price shock.
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SPOTLIGHT: CHINA’S ECONOMY ADVANCES AROUND THE WORLD
China’s world domination in electric vehicles technology and AI production has grabbed headlines, but China also has far outpaced competing nations in clean energy.