European businesses continued hiring and raising wages through this year of near-stagnant growth, adding 168,000 jobs across April, May, and June. Now the region is poised for another flat year, the labor market has peaked, and businesses are planning layoffs, analysts told The Wall Street Journal.
The price of Brent crude oil for December delivery has collapsed from about $90 at the end of October to below $80 last week as global oil supplies rose more than expected. It traded as low as $76.79 on 16 November. A price of $75.48 would be a 20-percent decline from...
In recent times, 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, looming fears of a recession, and a tangible decrease in revenues for many sectors…
According to the data, get ready for consumers spending less money during the holiday season and according to the stats, holiday job hirings are down.
Europe’s economy appears to be poised to enter a technical recession, defined as two consecutive quarters of shrinkage. The region’s GDP shrank by 0.1 percent in the third quarter and is widely expected to contract again in this year’s final three months.