Britain’s rate of inflation rose from 3.1 percent in August to 3.5 percent in September, the Office for National Statistics (ONS) reported, reaching its highest since last October when the rate was 3.6 percent.
Tag: Global Economy
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BOND BUST REVIVES SPECTER OF EUROPE’S 2011 ‘DOOM LOOP’
The current global bond rout has reminded many analysts and investors of the Eurozone banks’ 2011 debt crisis.
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EUROZONE GROWTH IS SLOWEST IN FOUR MONTHS
This month, the Eurozone’s economic growth has been its slowest since June as the region is assailed by near-record energy prices, the bond selloff, and France’s budget crisis and street riots.
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JAPAN SETS RECORD TRADE DEFICIT AS OIL PRICES CLIMB
From 1 April through September, Japan’s trade deficit reached a record ¥2.81 trillion, or about $17.8 billion, the finance ministry reported.
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SPOTLIGHT: BIGS GETTING BIGGER
Qiagen, a German company making lab equipment and test kits to analyze DNA and other samples, has accepted a €10.8-billion takeover offer from a group led by EQT, a Swedish private equity firm specializing in buyouts.
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TOP TREND 2023: OFFICE BUILDING BUST
The world’s commercial real estate sector began a fragile recovery last year as interest rates began to climb down from their high wall against inflation.
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SPOTLIGHT: THE LUXURY INDUSTRY’S TAILSPIN
Since the start of the COVID War that was launched by China on its Chinese Lunar New Year, “The Year of the Rat,” in January 2020, we have warned that the luxury industry would take a big downward hit.
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OIL PRICE IS HIGHEST IN FOUR YEARS AS IRAN GIRDS FOR ATTACK
On 23 October, benchmark Brent crude oil for December delivery closed its U.S. trading day at $116.72, its highest since the immediate aftermath of Russia’s attack on Ukraine in February 2022.
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GOING OUT OF BUSINESS TRENDS
Rising costs, slowing consumer spending, and mounting economic pressures continue to force businesses to close their doors.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The artificial intelligence boom is being sold as a revolution in productivity, innovation, and economic growth.