After the traditional summer travel season ended, airline bookings remained strong, airlines reported. Instead of sales drying up between Labor Day and Thanksgiving, people kept flying in September, United Airlines said.
Tag: Economy
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TOP TREND, NEW WORLD DISORDER: IMF, WORLD BANK WARN OF INSTABILITY AMID FINANCIAL CRISES
“The world is in a dangerous place,” Sri Mulyani Indrawati, Indonesia’s finance minister, said in her closing remarks to the joint meeting of the World Bank and International Monetary Fund (IMF), held in Washington, DC, 10 through 16 October.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
The world is headed into Dragflation: Declining economic growth and rising inflation. This combination of rising prices and rising interest rates whereby people pay more to buy less has resulted in companies in many sectors to lay off employees.
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SPOTLIGHT: BIGS GETTING BIGGER
The value of mergers and acquisitions that companies announced during the first nine months of this year is 34 percent below those making the news during the same period in 2021, data service Refinitiv reported.
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CHINA HALTS SALES OF LIQUEFIED NATURAL GAS TO EUROPE
China will no longer ship liquefied natural gas (LNG) to Europe to help ease the continent’s energy crisis, the government has told gas exporters, Bloomberg reported.
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YEN SINKS TO LOWEST VALUE IN 32 YEARS
The Bank of Japan’s insistence on holding its key interest rate at -0.25 percent has driven the yen down still further, sinking it to ¥146.95 to the dollar on 12 October, the lowest since 1998, and driving it down to ¥148.90 on 17 October, its weakest since 1990.
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“BREATHTAKING” DROP IN DEMAND SHOCKS CHIP COMPANIES
Earlier this month, leading computer chip makers Samsung Electronics and Advanced Micro Devices (AMD) reported earnings that fell far short of expectations, which many analysts interpreted as a sign that a lasting economic rebound is further away than previously thought, Bloomberg reported.
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