Israeli Prime Minister Benjamin Netanyahu managed to consolidate power Sunday when he appointed a former rival in his Cabinet.
Category: 1 October 2024
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NETANYAHU TELLS IRANIANS THEY WILL BE FREE SOON
Israeli Prime Minister Benjamin Netanyahu told Iranians in a video message that they will be free soon “and that moment will come a lot sooner than people think.”
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FAST-FASHION GIANT MISSING PROFITABILITY TARGET
Sweden’s H&M, the global fast-fashion house, has said it will likely not reach its goal of a 10-percent operating margin this fiscal year.
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VOLKSWAGEN CUTS ITS FINANCIAL OUTLOOK AGAIN
For the second time in less than three months, Volkswagen has pared back its 2024 financial projections, citing a weak market for its passenger cars.
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PARTNERSHIP TAKES ORDERS IN EUROPE FOR CHEAP CHINESE EVS
The partnership between Chinese automaker Leapmotor and Stellantis, owner of 14 auto brands including Fiat and Peugeot, is taking orders for a low-priced Leapmotor electric “city car” and an all-electric SUV, both to be sold in Europe.
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SWEDEN’S CENTRAL BANK CUTS RATE AGAIN
Last week, Sweden’s Riksbank shaved another quarter point from its key interest rate, dropping it to 3.25 percent as forecast by a Wall Street Journal survey of economists.
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SPOTLIGHT: BIGS GETTING BIGGER
This year through September, $2.3 trillion worth of mergers and acquisitions were announced, growing the value of this year’s deals 17 percent above that of the same period in 2023, data service LSEG reported.
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CANADA’S ECONOMY BARELY BUDGING
Canada’s GDP expanded by 0.2 percent in July, double what economists had forecast in a Reuters poll.
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SPOTLIGHT: CHINA’S GOVERNMENT STEPS UP
The Politburo, China’s inner circle of leaders, met last week in a rare September session and pledged to “issue and use” bonded government debt to fuel “the driving role of government investment” to revive the country’s staggering economy.
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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.