Central banks in Canada, the Eurozone, Norway, Sweden, Switzerland, and the U.K. cut their interest rates before the U.S. Federal Reserve did.
Tag: Economy
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GERMANY AND U.K., ECONOMIC BLUES
In Germany, the highly-regarded ZEW Indicator of Economic Sentiment plunged from 19.2 in August to 3.6 in September. Analysts had expected a reading of 15.5.
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GOING OUT OF BUSINESS TRENDS
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 GETTING BIGGER
Teresa Ribera, formerly Spain’s deputy prime minister, has been named the European Union’s “competitiveness minister,” putting her in charge of pumping up mergers and acquisitions, while also pushing the region’s green transition and overall economic competitiveness.
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DON’T BET ON IT: CEOS SAY REMOTE WORK IS ENDING
Seventy-nine percent of CEOs told KPMG’s 2024 CEO Outlook Survey that remote work will largely be over within two years.
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SPOTLIGHT: BIGS GETTING BIGGER
Danish logistics provider DSV will pay $12 billion to acquire DB Schenker, which is the air, road, and sea freight services and logistics supply chain division of Germany’s Deutsche Bahn railroad.
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SPOTLIGHT: CHINA’S ECONOMIC CRISIS
By a range of measures, China’s economy continued to lose momentum in August, leading one analyst to call for a “bazooka” stimulus to the economy if the country is to reach its 5-percent growth goal this year.
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SPOTLIGHT: BIGS GETTING BIGGER
Blackstone is buying AirTrunk, the largest operator of data centers in the Asia-Pacific region, for $16.1 billion, the private equity firm’s largest investment ever in the region.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s economy will fail to meet Beijing’s 5-percent growth target this year, according to several investment banks that have now cut their forecasts for the world’s second-largest economy.
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