Europe’s automakers and Chinese battery suppliers are focused on securing adequate battery supplies for electric vehicles (EVs), but that short-term thinking risks weakening the continent’s industrial base further, a new study warns.
Tag: Global Economy
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GERMAN INDUSTRIAL BASE IS LOSING WORKERS, INVESTORS
Since the onset of the COVID War, Germany has lost about 250,000 manufacturing jobs, a sign “that Europe’s industrial heartland is suffering an irreversible decline,” the Financial Times said.
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EUROPEAN STOCKS OUTPERFORM U.S. SINCE TRUMP’S INAUGURATION
Since 17 January, the last trading day before Donald Trump was inaugurated as U.S. president, the pan-European Stoxx 600 index has grown by 5.2 percent, while the U.S. NASDAQ has added 1.4 percent and the Standard & Poor’s 500 index 1.7 percent.
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EUROPE’S ECONOMY CONTINUES TO STAGNATE, STUDY FINDS
The Eurozone’s economy has flatlined this month as signs of improvement in Germany were negated by a sharp drop in French business activity, new surveys show.
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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 as President Donald Trump and his Department of Government Efficiency head Elon Musk slash government waste.
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UNDER TRUMP, CRYPTO IS WORKING ITS WAY INTO MAINSTREAM FINANCE
Now that Donald Trump has vowed to make the U.S. “the crypto capital of the planet” and “a Bitcoin superpower” and has promised a light regulatory touch, mainstream money managers are getting ready to give digital assets the bear hug that crypto’s boosters have been urging.
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RUSSIA’S CENTRAL BANK HOLDS INTEREST RATE AT 21 PERCENT
The Bank of Russia kept its interest rate at a record 21 percent for a second consecutive meeting as inflation in January was estimated at 9.9 percent, up from 9.5 percent in December and more than twice the bank’s target rate.
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FRANCE CAN NO LONGER AVOID BUDGET CUTS, GOVERNMENT AUDITOR SAYS
As mounting debt payments are on track to surge in the years ahead, France cannot delay budget cuts, the government’s independent auditor told a press briefing.
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U.K. ECONOMY BARELY GROWS IN FOURTH QUARTER
Britain’s economy eked out a 0.1-percent expansion in 2024’s final three months, official figures show, after flatlining in the previous quarter.
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