Last week, Bank of America (BoA) sent “letters of education” to remote workers threatening to punish them if they fail to spend a certain minimum number of hours in the bank’s offices each week.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Jan 30 2024
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TOP TREND 2024: EV GO FU: LITHIUM PRICE CRASHES AS GLOBAL EV DEMAND SLOWS
In recent months, sales of electric vehicles (EVs) have stalled around the world. High sticker prices, high interest rates, and a global economic slowdown have left post-inflation consumers reluctant or unable to pay the more than $50,000 cost of an EV.
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ECB PRESIDENT LAGARDE FAILING AT HER JOB, STAFF SAYS
Christine Lagarde, president of the European Central Bank (ECB), is doing either a “poor” or “very poor” job, according to slightly more than half of the bank’s workers who responded to a survey by the International and European Public Services Organization (IPSO), a union.
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TOP TREND 2023, OFFICE BUILDING BUST: IMF WARNS OF LOOMING CRISIS IN COMMERCIAL REAL ESTATE
While old news to Trends Journal subscribers, the International Monetary Fund (IMF) has become the latest entity to warn of a pending crisis in commercial real estate, a trend we have been warning about since the beginning of the COVID War in our continuing series, Office Building Bust.
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GOING OUT OF BUSINESS TRENDS
In recent times, 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
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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SPOTLIGHT: BIGS GET BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels.
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SPOTLIGHT: CHINA’S ECONOMIC TURMOIL
The Chinese government is considering pulling about two trillion yuan, equivalent to roughly $278 billion, from offshore accounts of state-owned companies to buy stock in Chinese businesses, Bloomberg reported.
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MILEI’S ECONOMIC POLICIES WREAK CHAOS ON ARGENTINA’S ECONOMY
Javier Milei became Argentina’s president in mid-December. Since then, gas prices have doubled, inflation has shot up to 211 percent, and the currency has crashed. On 24 January, unions paralyzed the country in a nationwide strike.
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MIDEAST WAR COSTING ISRAEL’S NEIGHBORING NATIONS
Egypt, Jordan, and Lebanon have suffered “severe” economic damage from Israel’s war with terrorist group Hamas, The New York Times reported.