From March of 2020, to March of this year, the average price of a new car spiked nearly 30 percent while the average price of a used car jumped 34 percent.
314 search results for: SPOTLIGHT ON CHINA
SPOTLIGHT: BELLWETHER RETAILERS SIGNAL A CONSUMER SLUMP
We maintain our forecast for slower growth for the U.S. GDP through the rest of this year. Second-quarter results from three businesses in key consumer sectors, as we note with this SPOTLIGHT, offering evidence this forecast is correct.
CHINA’S CENTRAL BANK MAKES SURPRISE INTEREST RATE CUT
On 25 July, the People’s Bank of China lowered its interest rate on one-year loans to commercial banks from 2.5 percent to 2.3 percent. Though small, it was the largest reduction in that rate since April 2020.
SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.
SPOTLIGHT: RETAIL ON THE ROPES
Hennes & Mauritz, the Swedish fashion retailer, reported a 6-percent decline in sales at the beginning of its third quarter as bad weather kept shoppers away from its stores in June.
SPOTLIGHT: THE DEBT BOMB
Poor nations are being crushed by debt and advanced economies need to do more to relieve the burden, Pope Francis told the Vatican’s conference on the global debt crisis earlier this month.
U.S. SELLS ANOTHER $360M IN WEAPONS OF DEATH TO TAIWAN WHILE WARNING CHINA NOT TO ARM RUSSIA
Do what the U.S. says, not what it does.
XI SAYS U.S. TRYING TO GOAD CHINA INTO ATTACKING TAIWAN
Chinese President Xi Jinping, who has been critical of the U.S. for destabilizing the region and trying to surround Beijing to keep it from becoming a regional hegemon, reportedly told European Commission President Ursula von der Leyen that Washington is trying to push China to invade Taiwan for its own strategic interests.
TINY MANILA THREATENS BIG CHINA AS SOUTH CHINA SEA TENSION GROW
Ferdinand Marcos Jr., the president of the Philippines, issued a tough warning to China last week and said if Beijing willfully killed just one Filipino, Manila could consider the killing an act of war from its much-larger neighbor.
SPOTLIGHT: LUXURY INDUSTRY IN TRANSITION
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.