The Blackstone private equity firm has gobbled down a majority interest in the Jersey Mike’s sub sandwich chain.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Nov 26 2024
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SPOTLIGHT: HARD TIMES FOR CONSUMER-FACING COMPANIES
Nestlé has pared back its medium-term profit outlook and launched a cost-cutting campaign as part of new CEO Laurent Freixe’s turnaround program for the world’s biggest processed foods maker.
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TOP TREND 2024: EV GO FU
Europe’s weak economy, the slumping market for electric vehicles (EVs), and sharpened competition, especially in and from China, has prompted Ford Motor to announce layoffs of about 4,000 workers on the continent—about 14 percent of its workforce there—before 2028.
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ECONOMIC BRIEFS
Britain’s shoppers cut their spending by 0.7 percent in October from September in anticipation of higher taxes, The Wall Street Journal reported, but “there are signs spending could pick up in coming months,” the journal said.
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CHINA’S MASSIVE HIGH-SPEED RAIL NETWORK: PRIDE AND PROBLEMS
Over the past 12 years, China has poured close to $1 trillion into building 30,000 miles of high-speed rail linking the country’s major cities.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.
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SPOTLIGHT: THE EUROZONE’S ECONOMIC MESS
The Eurozone’s economic activity unexpectedly contracted this month, according to the Hamburg Commerce Bank’s composite purchasing managers index.
