The world’s demand for oil will grow by 1.1 million barrels a day this year, the International Energy Agency (IEA) said in its new monthly report, shaving 140,000 barrels from its previous forecast.
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PRIVATE FUNDS MOVE INTO REAL ESTATE LENDING AS BANKS STEP BACK
Some of the world’s largest investment funds are jumping into the real estate lending business as banks tighten loan criteria and hoard cash against an expected rise in failing commercial real estate loans.
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CANADA’S STANDARD OF LIVING HAS CRASHED, STUDY SAYS
As a gross number, the rate of Canada’s economic growth was the second-best among G7 nations from 2000 through 2023.
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JAPAN’S ECONOMY FALLS INTO DRAGFLATION
In this year’s first quarter, Japan’s economic output shrank 0.5 percent compared to the same period in 2023.
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CANADA PLAYING THE NEW TARIFFS GAME ON CHINA AFTER U.S. ANNOUNCEMENT
Canada’s government may follow the U.S. is hitting Chinese imports with new tariffs after President Joe Biden announced sweeping tariffs of as much as 102.5 percent on Chinese goods earlier this month.
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EUROPE EXPECTS FLOOD OF CHINESE GOODS AFTER U.S. IMPOSES NEW TARIFFS
European countries are bracing for a flood of cheap Chinese goods after the U.S. smacked imports of Chinese electric vehicles (EVs), metals, semiconductors, and solar panels with new tariffs last week. “The U.S. has sent a very clear message that it wants minimal Chinese participation in its green transition,” geopolitics analyst Yanmei Xie at Gavekal Research,......
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EUROZONE COMMISSION FORECASTS 2.5 PERCENT INFLATION THIS YEAR
Inflation across the 20 countries that share the euro currency will fall to 2.5 percent, averaged throughout the year, the European Commission (EC) has projected.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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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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CAN’T AFFORD A CAR? COST OF AUTO INSURANCE STILL ON THE RISE
The cost of insuring a passenger car or pickup truck in the U.S. leaped up 22 percent in the 12 months ending 30 April, the Bureau of Labor Statistics said.