Alone among major auto companies, Toyota still refuses to fully commit its future to all-electric mobility. Instead, it has introduced a redesigned piston engine for gas-electric hybrid vehicles.
Tag: Economy
TOP TREND 2023: OFFICE BUILDING BUST: EUROPE’S TOP-RATED COMMERCIAL MORTGAGE BONDS FACE LOSSES
Investors who bought securities made up of bundles of commercial mortgage loans bought them in part because the securities earned top credit ratings.
TOP TREND 2024: BANKS GO BUST
Wall Street banks are continuing to try to sell their troubled commercial real estate loans as office occupancy rates remain halved from pre-COVID levels and the value of office buildings slides, The New York Times reported.
BUSINESS AND PERSONAL BANKRUPTCIES RISE IN CANADA
Bankruptcies in Canada rose 3.1 percent in May from April and a stunning 19.2 percent year on year, according to the Office of the Superintendent of Bankruptcy.
U.K. ECONOMY PERKS UP IN FIRST QUARTER
From January through March, the U.K. economy managed to grow by 0.7 percent compared to the previous quarter, the Office for National Statistics reported on 28 June.
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: BIGS GETTING BIGGER
Saudi Arabia’s Public Investment Fund has partnered with private equity firm Ardian to buy 37.6 percent of London’s Heathrow airport, one of the world’s busiest transit hubs.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The People’s Bank of China is reducing the availability of money to lend, bank governor Pan Gongsheng said in a speech last week at a Shanghai financial conference.
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.
SPOTLIGHT: BIGS GETTING BIGGER
Kirin Holdings, which owns a variety of alcoholic beverage brands in Japan, is paying the equivalent of $1.4 billion to take over FANCL Corp., a maker of cosmetics and dietary supplements.