Italian insurance giant Generali and French bank Groupe BPCE, which owns the Natixis financial services company, will merge their asset management operations in a joint venture, creating an entity managing an estimated $1.98 trillion.
Category: 28 January 2025
Post
CHINESE EV MAKERS TAKE EU TO COURT OVER TARIFFS
BYD, Geely, and SAIC, three leading Chinese makers of electric vehicles (EVs), have formally complained to the European Union’s Court of Justice regarding new tariffs the European Commission (EC) imposed on the companies’ products in October.
Post
CHINA’S ECONOMY SHRINKS UNEXPECTEDLY IN JANUARY
This month, China's factory production has contracted the most since August, the country’s official purchasing managers index showed.
Post
TOP TREND 2025, THE TRUMP CARD: TRUMP DEMANDS LOWER OIL PRICES
In 23 January comments to executives at the World Economic Forum in Davos, U.S. president Donald Trump urged oil-producing nations to lower oil prices and that central banks cut their interest rates “immediately” afterward.
Post
BANK OF JAPAN HIKES INTEREST RATE TO HIGHEST SINCE 2008
The Bank of Japan (BoJ) has raised its key interest rate by a quarter point to 0.5 percent, its highest in 17 years.
Post
U.K. BUSINESSES WILL CUT PAY RAISES, LAY OFF WORKERS TO PAY FOR TAX HIKES
About seven in 10 British employers are “extremely” or “moderately” likely to award smaller pay raises to their workers than planned in order to offset a hike in payroll taxes the government imposed in October, a survey by Incomes Data Research (IDR) found.
Post
GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.
Post
U.K. HEADING FOR “DEBT DEATH SPIRAL”
The U.K. is speeding toward a “debt death spiral,” in which the government will have to borrow more and more money to pay interest on the national debt, Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, said in a Financial Times interview.
Post
DOT.COM BUST 2.0? CHINA’S DEEPSEEK MAKES CLAIMS THAT COULD REVOLUTIONIZE AI MARKET…AND CRASH U.S. STOCK MARKET.
Chinese start-up DeepSeek is offering a free AI assistant that it claims to have trained for $6 million instead of the $100-million-plus OpenAI and other Western developers have spent to create their models. Due to the DeepSeek AI announcement, Nvidia lost $589 billion in market value yesterday, the biggest one-day loss ever in the U.S. stock market.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
