As mounting debt payments are on track to surge in the years ahead, France cannot delay budget cuts, the government’s independent auditor told a press briefing.
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U.K. ECONOMY BARELY GROWS IN FOURTH QUARTER
Britain’s economy eked out a 0.1-percent expansion in 2024’s final three months, official figures show, after flatlining in the previous quarter.
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EUROZONE ECONOMY GROWS IN 2024’S FOURTH QUARTER
The economy of the 20-country Eurozone grew 0.1 percent in 2024’s final three months, the Eurostat statistics agency reported, revising its earlier estimate that the economy had flatlined.
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CANADIAN HOUSEHOLDS FILE MOST BANKRUPTCIES SINCE 2009
In 2024, 137,300 Canadian households declared insolvency, similar to bankruptcy, 11.4 percent more than the year before and the most since the record year of 2009 during the Great Recession, data from the country’s Office of the Superintendent of Bankruptcy (OSB) shows.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The federal government laid off 200,000 probationary employees and fixed-term contract employees throughout various federal agencies as President Donald Trump works to reduce government waste.
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TOP TREND 2024, BANKS GO BUST: BUFFET DUMPS BILLIONS OF DOLLARS’ WORTH OF BoA, CITI SHARES
Berkshire Hathaway, Warren Buffet’s investment vehicle, sold 40.6 million shares of financial services firm Citi in the final quarter of 2024, newly published securities filings show.
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WHICH PRICES WILL BE HIGHER, AND HOW MUCH, UNDER TRUMP’S CHINA TARIFFS?
Now that Donald Trump has laid a 10-percent tariff on everything coming into the U.S. from China—and could raise the import tax higher if he wishes—everything from smartphones and microwave ovens to shoes and cosmetics could cost U.S. consumers more.
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TRUMP FLIP FLOPS ON INTEREST RATES AGAIN
During his presidential campaign and after taking office, Donald Trump said interest rates must come down “immediately.”
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CORPORATIONS SEE LOWER PROFITS AHEAD
After an upbeat earnings season, corporations foresee a less sunny future.