The U.S. justice department has announced it will not oppose Alaska Airlines’ $1.9-billion takeover of Hawaiian Airlines on antitrust grounds.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Aug 27 2024
Post
SPOTLIGHT: CHINA’S ECONOMIC CRISIS
Alibaba Group Holding, Kuaishou Technology, and other major Chinese consumer companies have failed to meet revenue targets, “upsetting expectations for a market recovery to take hold,” the Financial Times reported.
Post
TOP TREND 2024: EV GO FU
Ford Motor has dumped its plan to produce a three-row, all-electric SUV, citing an overcrowded market and consumers’ reluctance to pay premium prices for electric vehicles (EVs).
Post
SWEDEN’S CENTRAL BANK CUTS RATES, SAYS MORE COMING
On 20 August, Sweden’s Riksbank took a quarter point off its policy interest rate, reducing it to 3.5 percent. The bank could make as many as three more cuts still this year in an attempt to revive the country’s feeble economy, bank officials said.
Post
GERMAN ECONOMY CONTINUES ITS TAILSPIN
S&P Global’s purchasing managers index combining Germany’s goods and services sectors slipped to 48.5 in August from 49.1 in July, falling below economists’ forecasts.
Post
GLOBAL ECONOMY BOUNCING BACK?
The world’s economy is showing signs of resilience, despite high interest rates and nations still struggling to recover their momentum, according to The Wall Street Journal.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.