Israeli Prime Minister Benjamin Netanyahu addressed the AIPAC-approved U.S. Congress last week and was called out for a series of bold-faced lies during his speech that sparked protests across Washington and condemnation on social media.
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WEEKLY UPDATE: GAZA’S WEEKLY DEATH TOLL
The death toll in Gaza reached 39,363 on Monday with over 90,000 injured throughout the enclave. Tens of thousands are believed to be trapped under the rubble.
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KEY INVESTOR IN “GREEN HYDROGEN” PULLS BACK
Fortescue, an Australian energy and metals corporation, has abandoned its commitment to produce 15 tons of “green hydrogen” annually for the ammonia industry by 2030. Founder and executive board chair Andrew Forrest has realized the goal is unrealistic, people familiar told the Financial Times.
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CANADA’S CONSUMERS SLOW THEIR SPENDING
Canadians spent $66.1 billion in May, 0.8 percent less in dollar terms than in April when retail spending rose 0.6 percent. The volume of goods and services bought fell by 0.7 percent.
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HUGO BOSS SHARE PRICE SLUMPS AS LUXURY MARKETS CONTINUE TO SHRINK
On 16 July, German high-fashion clothier Hugo Boss saw its share price dive as much as 10 percent after it trimmed its 2024 sales forecast from €4.5 billion to €4.35 billion.
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ECB FREEZES INTEREST RATE, HINTS AT SEPTEMBER CUT
On 18 July, the governing council of the European Central Bank (ECB) met and left its key interest rate at 3.75 percent, as analysts expected.
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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. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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BOND MARKETS REVIVE THE “TRUMP TRADE”
“Trump trades,” popular when Donald Trump won the presidency in 2016, are trades that capitalize on a pro-business climate of deregulation, low interest rates, and tax cuts.
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VANCE SELECTION COMPLETES GOP SHIFT TO ECONOMIC POPULISM
Donald Trump’s choice of Ohio senator J.D. Vance as his running mate “cements the Republican Party’s shift from the free-market conservatism of the Reagan and Bush eras to the economic populism of the Make America Great Again movement,” the Financial Times said last week.