LVMH, the luxury house that owns Louis Vuitton fashion, Moët & Chandon champagne, and other high-ticket brands, posted first-quarter revenue of $21.97 billion, 2 percent below the same period in 2023.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Apr 23 2024
Post
MIDEAST WAR CREATING LONG-TERM REGIONAL ECONOMIC INSTABILITY, IMF SAYS
Israel’s war on terror group Hamas, and the overhanging threat of a larger conflict, has created instability in the Middle East that will result in a long-term negative impact on the region’s economy, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
Post
IMF: U.S. BUDGET DEFICITS POSE “SIGNIFICANT RISKS” TO WORLD ECONOMY
The U.S. government’s growing annual budgets are fueling inflation and create “significant risks” for the global economy, the International Monetary Fund (IMF) wrote in its new World Economic Outlook report.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Schneider Electric, a French software and automation company, is in discussions to buy Bentley Systems, a U.S. firm that designs software and provides services in design, construction, and operation of infrastructure.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy grew by 5.3 percent, year on year, according to the National Bureau of Statistics (NBS).
Post
TOP TREND 2023: EV GO FU
In 2023, 41 percent of Americans told a Gallup poll they would not buy an electric vehicle (EV).
Post
WORLD ECONOMIC GROWTH WILL SLOW IN COMING YEARS, IMF FORECASTS
The global economy will expand by 3.2 percent this year, due largely to the U.S. economy’s resilience, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
Post
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
Post
TOP TREND 2024: BANKS GO BUST
U.S. banks will set aside even more capital to cover failing loans in commercial real estate (CRE) while they try to sell more of those loans, often at steep discounts, Reuters reported.
Post
TOP TREND 2023: OFFICE BUILDING BUST
In March, 625 commercial real estate (CRE) properties were foreclosed in the U.S., 6 percent more than in February and 117 percent more than a year earlier, according to real estate data service ATTOM.