Google is paying $32 billion in cash to buy Wiz, a noted cybersecurity startup. The purchase not only improves Google’s cloud services’ security but also leads the company beyond its search engine and Internet services businesses.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Mar 25 2025
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TOP TREND 2024, OFFICE BUILDING BUST: SEATTLE DEVELOPER DEFAULTS ON $135 MILLION IN OFFICE BUILDING LOANS
Martin Selig Real Estate, a commercial property developer in Seattle, has defaulted on $135 million in loans against three office buildings after failing to secure refinancing.
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INDONESIA’S STOCK MARKET DIVES AS CONSUMER SPENDING SLOWS
Indonesia’s Jakarta Composite Index plunged 7.1 percent last week to its lowest level in almost four years.
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ITALY’S MELONI CRITIQUES EUROPE’S “TIT FOR TAT” TARIFFS
Europe’s retaliatory tariffs on U.S. imports, imposed in response to U.S. trade levies, risks a return of inflation, Italian prime minister Giorgia Meloni warned on the eve of last week’s meeting of European heads of state.
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BANK OF ENGLAND HOLDS RATES STEADY AS INFLATION IS SET TO RISE
Next month, British households and businesses will be hammered by higher costs as government caps on energy and water bills will rise 6.4 percent and 26 percent, respectively.
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RICH NATIONS PAYING THE LARGEST SHARE OF GDP ON INTEREST SINCE 2007
Interest payments on their national debts are costing the world’s richest nations the largest share of their GDPs since at least 2007, the Organization for Economic Cooperation and Development (OECD) has calculated.
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GERMANY’S PARLIAMENT ENDORSES MERZ’S €1-TRILLION STIMULUS PLAN
In an 18 March emergency session, the lower house of Germany’s Bundestag approved the €1-trillion infrastructure and military spending plan proposed by incoming chancellor Friedrich Merz.
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A RE-MILITARIZING EUROPE LOSES ITS “PEACE DIVIDEND”
As Europe prepares to spend trillions of euros more to arm itself, it loses the “peace dividend” it has been banking since the Cold War ended 35 years ago.
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EUROZONE ECONOMY GROWS FASTEST IN SEVEN MONTHS
In March, the economy of the 20-country Eurozone grew at its fastest since last September, according to the Hamburg Commerce Bank’s preliminary purchasing managers index (PMI) for the month.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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