The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Tag: Global Economy
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based human resources leaders conducted multiple rounds of layoffs in the past year with many saying they implemented “serial layoffs” that occurred in rapid succession, according to a recent survey by outplacement firm Careerminds. Financial instability was cited as the biggest factor in the job cuts, followed by changing business priorities, market uncertainty, and overstaffing.
HONG KONG TESTS STABLECOINS AS BEIJING WATCHES
Cryptocurrencies are banned in mainland China, but Hong Kong has passed a law that will allow any business with a license to issue stablecoins backed by a fiat currency of its choice.
NEW ORDERS TO GERMAN FACTORIES DROPPED IN JUNE
German factories received 1 percent fewer orders in June than in May, the government’s DeStatis statistics agency reported. That followed May’s 0.8-percent decline.
CHINESE IMPORTS ARE COSTING EUROPE JOBS, ECB SAYS
The increase in China’s exports to Europe from 2015 through 2022 has erased 240,000 jobs in the Eurozone, the European Central Bank said, and warned that more jobs are at risk now that Chinese goods that would have been sent to the U.S. before the tariff war are now destined for Europe.
WEAK CORPORATE INVESTMENT THREATENS GLOBAL ECONOMY, OECD WARNS
In advanced economies, corporate investment has largely failed to recover from the Great Recession and the COVID War, hobbling global economic growth, the Organization for Economic Cooperation and Development (OECD) has warned.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
More than half of U.S. industries are currently cutting jobs, according to Moody’s Analytics, with only healthcare showing job gains.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Manufacturing continues to be hit hard with uncertainty over tariffs, increased costs and declining demand.