As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
Category: 7 November 2023
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SPOTLIGHT: CHINA’S ECONOMY
In September, foreign direct investment (FDI) in China totaled about $10 billion, down 34 percent year over year and the biggest decline since at least 2014 when figures first became available, the Financial Times reported.
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SPOTLIGHT: OFFICE BUILDING BUST: “COME BACK TO THE OFFICE” BECOMES DISABILITY DISCRIMINATION
Employers demanding workers return to centralized offices are being hit with a growing number of charges that they discriminate against employees with disabilities.
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ESTEE LAUDER SHARE PRICE CRASHES AFTER COMPANY SLASHES EARNINGS PROJECTION
Estée Lauder, owner of Clinique, Aveda, and other major beauty brands, warned of a possible $80 million decline in 2024 earnings next year due to poor sales expected in China and possible disruptions from the Mideast war.
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MAERSK THROWS 10,000 WORKERS OVERBOARD
AP Moller-Maersk, the world’s largest ocean shipping company by fleet size, will lay off a total of 10,000 workers this year due to “a radically changed business environment.”
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JAPAN’S GOVERNMENT UNLEASHES $113-BILLION STIMULUS
To add extra energy to a reviving economy, the government of Japanese prime minister Fumio Kishida will offer about $35 billion in temporary income and residential tax cuts and cash gifts to low-income households.
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CHINA LEADS WORLD’S CENTRAL BANKS TO RECORD GOLD PURCHASES
Central banks around the world bought roughly 800 metric tons of gold this year through September, 14 percent more than during the same period in 2022 to set a new record, according to the World Gold Council, a rate the council called “voracious.”
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EUROZONE UNEMPLOYMENT JUMPS IN SEPTEMBER
In September, 69,000 workers lost their jobs in the 20-nation Eurozone, nudging the jobless rate to 6.5 percent. More than 11 million people across the region are now out of work, 165,000 more than a year earlier, the Financial Times reported.
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GOING OUT OF BUSINESS TRENDS
The facts are clear, the numbers are there. The worst of the economic times is coming. Just take a look at the long list of businesses going out of business that we have been publishing each week.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
The U.S. job numbers reported last week, as we have detailed, were weak... as they are throughout much of the world.