As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
The value of exports from China fell 12.4 percent in June, year over year, to $285 billion after declining 7.5 percent in May, The Wall Street Journal reported.
Once again, the Bank of Canada (BoC) raised its key interest rate by a quarter point, moving it from 4.75 to 5.0 percent in the wake of second-quarter consumer spending that was stronger than predicted.
Again, the facts are in the data and the numbers are in the facts. The higher interest rates the deeper economies will decline and the higher the unemployment numbers will rise. Inflation and high interest rate hikes are causing companies in many sectors to lay off employees.
On Monday and Tuesday this week, more than 50 leaders from Latin America, Caribbean nations, and the European Union (EU) met in Brussels in the first such transatlantic summit since 2015 in an effort to smooth over differences and rebuild trade relationships.
The plunging number of people commuting five days a week to central offices could slash the value of office real estate by $800 billion in nine key cities by the end of this decade, according to an analysis by the McKinsey Global Institute.