Argentina’s voters elected former television commentator Javier Milei as their president in a runoff election on 19 November.
Tag: Global Economy
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JAPAN’S ECONOMY CONTRACTS IN THIRD QUARTER
The Japanese economy shrank by 2.1 percent in this year’s third quarter after growing a whopping 4.8 percent in the second.
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INFLATION, RETAIL SALES IN U.K. KEEP SLOWING DOWN
In October, sharply lower energy prices dropped Britain’s inflation rate to 4.6 percent, the slowest since October 2021, after running at 6.7 percent in September.
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RUSSIA EVADES OIL PRICE CAP
Among sanctions against Russia to punish it for invading Ukraine is a $60-per-barrel cap on the price nations can pay and still see their shipments insured.
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EUROPE’S LABOR MARKET PEAKS, LAYOFFS COMING SOON
European businesses continued hiring and raising wages through this year of near-stagnant growth, adding 168,000 jobs across April, May, and June. Now the region is poised for another flat year, the labor market has peaked, and businesses are planning layoffs, analysts told The Wall Street Journal.
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OIL PRICES FALL CLOSE TO BEAR MARKET; SAUDIS, OPEC MAY CUT PRODUCTION FURTHER
The price of Brent crude oil for December delivery has collapsed from about $90 at the end of October to below $80 last week as global oil supplies rose more than expected. It traded as low as $76.79 on 16 November. A price of $75.48 would be a 20-percent decline from...
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
According to the data, get ready for consumers spending less money during the holiday season and according to the stats, holiday job hirings are down.
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EUROZONE ECONOMY HEADED FOR “ANOTHER LOST YEAR”
Europe’s economy appears to be poised to enter a technical recession, defined as two consecutive quarters of shrinkage. The region’s GDP shrank by 0.1 percent in the third quarter and is widely expected to contract again in this year’s final three months.
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HIGH U.S. INTEREST RATES SPARK “CRISIS” AMONG EMERGING NATIONS
Many emerging nations are being thrown into a “silent debt crisis” by high interest rates in the U.S., the World Bank has warned.