Indonesia’s middle class, long considered the backbone of the aspirational country’s economy, has shrunk by about 20 percent since 2018, threatening growth and frightening away foreign investors, the Financial Times reported.
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AUSTRALIA’S CENTRAL BANK CUTS INTEREST RATE TO FOUR-YEAR LOW
The Reserve Bank of Australia has cut its key interest rate by a quarter point to 4.10 percent, the first reduction in four years.
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CHINA’S PORTFOLIO OF U.S. TREASURIES IS SMALLEST IN 16 YEARS
China’s holdings in U.S. treasury securities has dwindled to its smallest since 2009 as Beijing has diversified into other assets, especially gold, the Financial Times reported.
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EUROPE MUST DEMAND ACCESS TO CHINA’S BATTERY KNOW-HOW, GROUP SAYS
Europe’s automakers and Chinese battery suppliers are focused on securing adequate battery supplies for electric vehicles (EVs), but that short-term thinking risks weakening the continent’s industrial base further, a new study warns.
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GERMAN INDUSTRIAL BASE IS LOSING WORKERS, INVESTORS
Since the onset of the COVID War, Germany has lost about 250,000 manufacturing jobs, a sign “that Europe’s industrial heartland is suffering an irreversible decline,” the Financial Times said.
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EUROPEAN STOCKS OUTPERFORM U.S. SINCE TRUMP’S INAUGURATION
Since 17 January, the last trading day before Donald Trump was inaugurated as U.S. president, the pan-European Stoxx 600 index has grown by 5.2 percent, while the U.S. NASDAQ has added 1.4 percent and the Standard & Poor’s 500 index 1.7 percent.
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EUROPE’S ECONOMY CONTINUES TO STAGNATE, STUDY FINDS
The Eurozone’s economy has flatlined this month as signs of improvement in Germany were negated by a sharp drop in French business activity, new surveys show.
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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
Federal job cuts continue as President Donald Trump and his Department of Government Efficiency head Elon Musk slash government waste.
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WALMART EXPECTS SLOWER GROWTH THIS YEAR
Walmart booked a 5.1-percent increase in sales last year, posting $681 billion in revenue, more than other companies in the world.