Inditex, a Spanish upscale clothier and fast-fashion company that owns the Massimo Dutti and Pull & Bear brands, reported a sales increase of 6.6 percent in the three months ending 31 October, less than analysts had expected and falling by nearly half of the more than 10-percent gain the company had averaged over the past two years.
Javier Milei, Argentina’s chainsaw-wielding new president, has announced a series of sweeping measures that will begin to make good on his pledges to take drastic steps to right the country’s economy.
Ireland’s factory output sank 0.7 percent in October, more than twice the 0.3-percent decline analysts had forecast.
Consolidation is the name of the “Bigs” game. The more they own the more they control... it’s the way of the power hungry world.
In November, China's consumer prices fell the fastest since November 2020, dropping 0.5 percent year on year, according to the country’s National Bureau of Statistics (NBS).
Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power hungry world. As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.
China’s economy will end this year with a 5.4-percent growth rate, the International Monetary Fund (IMF) has projected, increasing its outlook for the country from the 5 percent it had foreseen in its October forecast.
While the Office Building Bust is very old news for Trends Journal subscribers—we had forecast this three years ago—it is now just making it into the mainstream news.
Richemont, the Swiss luxury conglomerate that owns the Cartier, Montblanc, Piaget, and Van Cleef & Arpels brands, among others, reported third-quarter sales that fell below analysts’ expectations.