The economic landscape has presented an array of challenges that have profoundly affected the business community.
Tag: Economy
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive and tech industries continue to be hit hard as prices increase and demand slows.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Private equity firm KKR is paying $3.17 billion for 25 percent of Enilive, a biorefining subsidiary of Eni, the Italian national energy company.
Post
SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: LOCAL GOVERNMENT DEBT MARKET SEES RECORD DEFAULT LEVEL
In 2023, local governments floundered in debt and Beijing swooped in with $309 billion in new bonds to pay back those debts. The central government also ordered state-owned banks to lend even more money to those failing municipalities.
Post
SPOTLIGHT: THE LUXURY INDUSTRY’S VERY BAD YEAR
Cosmetics powerhouse L’Oréal announced third-quarter sales growth of 3.4 percent, a far miss from analysts’ expectations of a 6-percent gain.
Post
TOP TREND 2024, EV GO FU: AUTOMAKERS TURN TO PLUG-IN HYBRIDS. CONSUMERS TURN AWAY
When consumers slowed their purchases of all-electric vehicles (EVs), they turned to hybrids that run mainly on gas but also draw some power from a battery pack.
Post
SPOTLIGHT: CONSUMER PRODUCTS COMPANIES ON THE ROPES
Volvo Cars has slashed its 2024 sales growth outlook for this year to 7 to 8 percent, cutting it from 12 to 15 percent it had predicted in an earlier downgrade.
Post
SPOTLIGHT: BIGS GETTING BIGGER
French pharma giant Sanofi paid $300 million to buy 16 percent of Orano Med, a rising player in radiopharma, the emerging science of using nuclear isotopes to kill cancer tumors.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy expanded at an annual rate of 4.6 percent in the third quarter, according to government figures, ticking down from the previous quarter’s 4.7 percent and far short of Beijing’s 5-percent growth target for this year.
Post
TOP TREND 2024, EV GO FU: LUCID SEEKS CASH, WILL SELL ANOTHER 262.4 MILLION SHARES
Electric vehicle maker Lucid Motors announced a plan to raise more than $750 million by selling another 262.4 million shares of common stock.