The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Kirin Holdings, which owns a variety of alcoholic beverage brands in Japan, is paying the equivalent of $1.4 billion to take over FANCL Corp., a maker of cosmetics and dietary supplements.
The European Union (EU) is ready to impose new tariffs on imported Chinese electric vehicles (EVs) in early July as a result of what the EU alleges are Beijing’s unfair subsidies to the EV industry, enabling them to undercut car makers’ prices in other countries.
In May, China’s manufacturing momentum slowed but retail sales jumped more than 50 percent for the month due to a splurge over the May festival week. The property crisis showed no signs of recovery despite Beijing’s recent attempts to revive it.
As the market for office buildings crashes, speculators are now buying select properties they think will rebound in value when the crash hits bottom.
Major asset management firms routinely structure their profits in a way that has helped their executives skirt more than $1 trillion in taxes since 2000, a study from Oxford University has found.
The U.K. economy managed a scant 0.1-percent growth in April from March, meeting economists’ pessimistic expectations.
The U.S. has slapped new sanctions on Russia’s stock and currency exchanges. Any country using them faces financial and other punishments by Western nations.
On 13 June, the U.S. announced additional major punitive sanctions on Russia, targeting its energy, metals, and mining industries as well as two more banks and the country’s main stock and currency exchanges.