The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based employers cut 105,441 positions in April with retailers cutting 7,235 jobs, according to outplacement firm Challenger, Gray & Christmas.
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BANK OF ENGLAND CUTS INTEREST RATE FOR A FOURTH TIME
On 8 May, the Bank of England (BoE) cut its policy interest rate from 4.5 percent to 4.25 percent, the fourth reduction in the rate-setting committee’s last seven meetings.
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RUSSIA TRIPLES ITS BUDGET DEFICIT AS OIL PRICES TUMBLE
The Kremlin will allow Russia’s budget deficit to more than triple this year from 0.5 percent of GDP to 1.7 percent as oil prices are projected to remain in their current $60 neighborhood for weeks or months to come.
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PRIVATE EQUITY READY TO FUND EUROPE’S REARMAMENT
As the U.S. has indicated it will scale back its military defense of Europe, the continent’s capitals are preparing to spend billions to expand their own defense capacities and take a larger role in supporting the Ukraine War and selling the line to the public that if Russia is not defeated they will invade Europe.
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U.S., UKRAINE SIGN MINERALS AGREEMENT
On 30 April, the U.S. and Ukraine closed an agreement giving the U.S. access to Ukraine’s mineral resources.
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BIG OIL FACES A THIRD YEAR OF LOWERED PROFITS
After falling from 2022 through 2024, oil majors’ revenues and profits are poised to mark a third 12-month period of disappointment.
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EUROZONE ECONOMY PERKS UP IN FIRST QUARTER
The collective economy of the 20-nation Eurozone grew by 0.4 percent in this year’s first three months, doubling the pace of growth reached during 2024’s final quarter. If the quarter-on-quarter pace sustains throughout the year, the area’s GDP will grow by 1.4 percent, The Wall Street Journal said.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency.
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