On 17 October, S&P Global downgraded France’s creditworthiness by one notch, citing political instability that is preventing the country’s parliament from resolving a budget crisis.
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CHINA’S CONSUMER PRICES CONTINUE TO FALL AS DEFLATION PERSISTS
Consumer prices in China slipped 0.3 percent in September, month on month, as domestic demand for goods and services continues to languish amid an unresolved, four-year-old real estate crisis that has cut a third or more from home values.
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OIL PRICES SLIDE TO THEIR LOWEST IN FOUR YEARS
A sluggish global economy and rising worldwide oil glut have driven prices for oil produced in the U.S. down almost 20 percent, year on year, to their lowest since February 2021.
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CHINA’S CURBS ON RARE EARTH EXPORTS MAY “BREAK” GLOBAL SUPPLY CHAINS
China’s new restrictions on exports of rare earth elements crucial in products from smartphones to radar systems and medical devices will lead to “broken” supply chains and hike prices around the world for tech products, industry leaders have warned.
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IMF LIFTS GROWTH FORECAST FOR 2025
The world’s economy will grow by 3.2 percent this year, the International Monetary Fund (IMF) said in a new forecast, raising its expectations slightly from the 3 percent it projected in July. Global GDP will expand by 3.1 percent in 2026, the agency now expects.
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WAS IT REALLY ONLY A ONE-DAY BANKING CRISIS?
Regional bank stocks crumbled Thursday after Zions Bancorp said it wrote off $50 million in the third quarter on bad loans to auto parts supplier First Brands, which filed bankruptcy late last month.
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IMF WARNS U.S. OVER BUDGET DEFICIT
The U.S.’s budget deficit remains the largest among the world’s richest nations even though tariffs are siphoning more of Americans’ income into the country’s treasury, the Financial Times reported.
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GROCERY PRICES ARE STILL RISING, PRESSURING CONSUMERS’ BUDGETS
During the 12 months ending 31 August, the retail price of coffee rose an average of 20.9 percent, according to U.S. Labor Department data. Ground beef was up 12.8 percent to a record average of $6.32 a pound.
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FEAR IS STALKING WALL STREET
As equity values continue to rise, U.S. stock markets are looking over their shoulders at a variety of factors they would rather not see.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.