On 20 August, Sweden’s Riksbank took a quarter point off its policy interest rate, reducing it to 3.5 percent. The bank could make as many as three more cuts still this year in an attempt to revive the country’s feeble economy, bank officials said.
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GERMAN ECONOMY CONTINUES ITS TAILSPIN
S&P Global’s purchasing managers index combining Germany’s goods and services sectors slipped to 48.5 in August from 49.1 in July, falling below economists’ forecasts.
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GLOBAL ECONOMY BOUNCING BACK?
The world’s economy is showing signs of resilience, despite high interest rates and nations still struggling to recover their momentum, according to The Wall Street Journal.
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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.
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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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ZUCKERBERG BOWED DOWN TO BIDEN GANG TO FIGHT COVID WAR, RUSSIA INTERFERENCE BULLSHIT
Mark Zuckerberg, the head of Meta, said the Biden administration “pressured” Facebook to “censor certain COVID-19 content” and the Hunter Biden scandal and admitted that he regretted decisions the company made to keep the White House happy.
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PG&E POWER LINES IGNITE 62 CALIFORNIA WILDFIRES
PG&E, California’s largest utility, has acknowledged 62 wildfires in high-threat areas have been ignited by its disrupted power lines so far this year, compared with 65 in all of 2023.
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AMEX STOCK DROPS AS ANALYSTS WARN OF WEAK CONSUMER SPENDING
American Express’s share price shrank 2.8 percent on 21 August after Bank of America (BoA) analysts warned of weak consumer spending.
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GREEN FUEL STARTUPS FLAME OUT
Many ventures creating clean energy received funding under 2021’s Infrastructure Investment and Jobs Act but have been unable to sustain their momentum.
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STARTUPS’ FAILURE RATE SOARS
Over the past 12 months, business startups failed at a rate 60 percent higher than the 12 months prior, according to Carta, which provides services to young companies.