Blackstone, the world’s richest private equity firm, is negotiating with several potential private lenders to secure about $3 billion in loans to buy Enverus Inc., a data and software service for the energy industry, people familiar told Bloomberg.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Aug 12 2025
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HONG KONG TESTS STABLECOINS AS BEIJING WATCHES
Cryptocurrencies are banned in mainland China, but Hong Kong has passed a law that will allow any business with a license to issue stablecoins backed by a fiat currency of its choice.
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SPECIAL REPORT: TRUMP’S TARIFF WAR
On 7 August, new U.S. tariffs took effect on goods arriving in the U.S. from more than 90 countries. U.S. businesses and consumers now pay an average tariff rate of about 18 percent, economists have calculated, the highest rate in 90 years and eightfold more than the 2.3 percent when Donald Trump took office.
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NEW ORDERS TO GERMAN FACTORIES DROPPED IN JUNE
German factories received 1 percent fewer orders in June than in May, the government’s DeStatis statistics agency reported. That followed May’s 0.8-percent decline.
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CHINESE IMPORTS ARE COSTING EUROPE JOBS, ECB SAYS
The increase in China’s exports to Europe from 2015 through 2022 has erased 240,000 jobs in the Eurozone, the European Central Bank said, and warned that more jobs are at risk now that Chinese goods that would have been sent to the U.S. before the tariff war are now destined for Europe.
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WEAK CORPORATE INVESTMENT THREATENS GLOBAL ECONOMY, OECD WARNS
In advanced economies, corporate investment has largely failed to recover from the Great Recession and the COVID War, hobbling global economic growth, the Organization for Economic Cooperation and Development (OECD) has warned.
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CAR SALES IN CHINA INCREASED MORE SLOWLY IN JULY
Beijing’s efforts to rein in the bloody price war that has battered the country’s automakers in recent months showed some effect last month.
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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
More than half of U.S. industries are currently cutting jobs, according to Moody’s Analytics, with only healthcare showing job gains.