Loans that British banks make to non-financial companies are the least since 1998, the Boston Consulting Group (BCG) reported.
Tag: Global Economy
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SPOTLIGHT: THE IRAN WAR’S ECONOMIC DAMAGE
As we detailed, two warmongers, U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, launched an illegal war against Iran on 28 February that has inflicted severe economic damage across the globe... affecting the lives of eight billion people.
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CRYPTO INDUSTRY BRACING FOR QUANTUM COMPUTER ATTACKS
The digital asset industry is preparing for cyberattacks based out of quantum computers, according to the Financial Times.
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UNEMPLOYMENT IS RISING IN GERMANY
During this century’s first two decades, global demand for Germany’s cars, machine tools, and similar products made the country a haven for skilled workers.
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EU CUTS 2026 GROWTH FORECAST BELOW 1 PERCENT
The European Union’s (EU’s) economy will grow 0.9 percent this year, officials of the 21-country current union now expect a reduction from the 1.4 percent forecast made last November.
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BOND MARKET CRASH WORSENS GOVERNMENTS’ DEBT CRISIS
Bond markets are tanking around the world, driving up the interest rates that governments must pay to service their ever-increasing public debt loads.
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JPMORGAN IN TALKS TO SPREAD RISK ON $4 BILLION IN LOANS
The richest U.S. bank by assets is negotiating with investors to share the risk associated with $4 billion in dozens of net-asset-value loans JPMorgan has made to private equity firms and other investment funds in Europe, the Middle East, and North America.
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SPOTLIGHT: BIGS GETTING BIGGER
NextEra Energy, North America’s largest electric power and energy infrastructure company, is buying Dominion Energy in an all-stock deal valued at $66.8 billion.
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LVMH WILL SELL HANDBAG MAKER MARC JACOBS FOR $850 MILLION
LVMH, the luxury industry’s largest conglomerate, will sell handbag brand Marc Jacobs to a partnership between global brand manager WHP and G-III Apparel Group, which owns an array of fashion brands including Calvin Klein, DKNY, Donna Karen, and Tommy Hilfiger.
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HONDA POSTS FIRST-EVER ANNUAL LOSS AS EV INVESTMENT SOURS
On 14 May, Honda Motor – Japan’s second-largest auto company – posted its first annual loss since it went public in 1957 as it wrote off more than $9 billion in costs to restructure its electric vehicle (EV) operation.