The Biden administration has doubled to 50 percent the U.S. tariffs on imported Chinese silicon wafers and polysilicon, both essential in making solar energy panels.
Category: 17 December 2024
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GERMAN ECONOMY WILL BARELY RECOVER IN 2025, CENTRAL BANK SAYS
Germany’s crippled industrial economy is leading the country’s GDP to a 0.2-percent contraction this year, the Bundesbank says, and a recovery will not begin until after the first quarter of 2025.
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ECB CUTS RATE, WARNS OF WEAK GROWTH AHEAD
On 12 December, the European Central Bank (ECB) shaved a quarter point from its key deposit interest rate, bringing it to 3 percent, and said the Eurozone’s economy will expand by 1.1 percent in 2025. In September, the bank had forecast a 1.3-percent expansion.
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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 this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.
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THE DECEPTIVE JUNK SCIENCE ABOUT FLUORIDE
In the 1964 satirical black comedy film Dr. Strangelove there is the iconic scene when the rogue general Jack D Ripper, played by Sterling Hayden, tells Peter Sellers’ character, “Ever hear of the fluoridation of water? Do you realize that fluoridation is the most monstrously conceived and dangerous Communist plot we ever had to face?”
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SPOTLIGHT ON TRUMP
Following Donald Trump’s presidential victory, from Wall Street to Main Street, the polls are showing that there are high expectations for a more positive economic future.
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HOME INSURANCE COSTS RISING OUT OF SIGHT
For many Americans, home insurance is becoming increasingly unaffordable.
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AN AI-POWERED LIVESTOCK HERDER THAT CHECKS HEALTH OF COWS AND FIELDS
Australia is a major beef exporter with 30 million cows spread across hundreds of thousands of square miles, many of which can be dry.
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INVESTORS GO BIG IN BUILD-TO-RENT HOMES
With home prices hovering near record highs, mortgage interest rates stuck around 7 percent, and banks more cautious in lending, more people are renting their abodes.
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