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.
In September, American retail sales grew by just 0.2. percent, falling below economists’ forecasts and slowing sharply from previous months.
“It feels like everything is closing in around us,” Anissa Camacho, a 26-year-old florist in Bethlehem, Penn., told the Financial Times.
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
As AI continues to take over human jobs, computer and printer maker HP plans to cut 4,000 to 6,000 jobs as it invests in AI to accelerate product and software development and automate customer support functions.
There’s a new reason you may want to go to the gym: to slow your brain’s aging process.
A newly released study found that there are significant mental health benefits for teens who cut back on their exposure to social media—even for just a week.