As Israel increases its attacks on Lebanon, it simultaneously has increased its bombing campaign in Gaza, pushing the death toll up to 42,200, with 98,500 wounded and 11,000 missing. Experts say reconstruction of the enclave could take decades.
Category: 15 October 2024
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UK ECONOMY RETURNS TO GROWTH IN AUGUST
After shrinking in June and July, Britain’s economy managed to expand 0.2 percent in August, according to the Office of National Statistics (ONS). The figure matched the expectations of economists answering a Reuters poll.
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SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s richest private equity firm, has announced that it is managing about $11.3 trillion for investors, the most money it has ever had under its control.
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VOLKSWAGEN’S ILLS EMBLEMATIC OF GERMANY’S CRISIS
In the third quarter, Volkswagen delivered 7.1 percent fewer vehicles, citing falling sales in China, where buyers are gravitating toward native brands and Chinese electric vehicles (EVs) are higher in quality and lower in price than those from Western makers.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s roaring rally in equity markets seems to be running out of energy. After the People’s Bank of China created a fund to make cheap loans that people and businesses could use to buy stocks, markets soared.
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TOP TREND 2023: OFFICE BUILDING BUST: LANDLORDS OFFER TURNKEY OFFICE SUITES TO LURE TENANTS
In Canada, where the office vacancy rate rose to 14.7 percent in the third quarter, office landlords are offering prospective tenants turnkey office suites, with desks, chairs, breakrooms, and other accouterments already in place.
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GERMANY’S ECONOMY WILL END 2024 IN RECESSION
No surprise to Trends Journal subscribers. As forecast, Germany’s economy will contract 0.2 percent this year, officials now say, revising their earlier forecast of 0.3 percent overall growth. The economy shrank 0.3 percent in 2023.
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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
As the Chinese economy continues to struggle, the country’s leading private firms cut their workforce, according to a report by the All-China Federation of Industry and Commerce.
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MEGABANKS REPORT DECENT THIRD-QUARTER RESULTS
JPMorgan Chase and Wells Fargo, two of the “Big Four” U.S. banks reported lower profits in the third quarter but still exceeded analysts’ forecasts.