Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The global employment landscape continues to undergo profound disruption as companies adapt to economic pressure, technological transformation, and shifting consumer behavior.
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SPOTLIGHT: THE PRIVATE CREDIT PANIC
Stone Ridge Asset Management has told investors in its Alternative Lending Risk Premium Fund that it will honor “only” redemption requests totaling 11 percent of the fund’s assets.
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SPECIAL REPORT: THE IRAN WAR’S LONGER, BROADER ECONOMIC IMPACT
In a blink of an eye, the world economy has been driven into decline following the 28 February (Rare Disease Day) Iran War launched by U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
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SPOTLIGHT: BIGS GETTING BIGGER
Cintas, which supplies businesses with uniforms and maintenance items such as floor mats and mops, will pay $310 a share for Unifirst, a smaller uniform competitor.
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GERMANY’S ECONOMY STILL TEETERS ON THE EDGE OF RECESSION
The German economy, still struggling to rise out of the recession that gripped it through 2023 and 2024, “had a very weak start to the new year,” Carsten Brzeski, ING’s chief global macroeconomist, wrote to clients last week.
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CHINA’S GROWTH DILEMMA: JOBS VS. ADVANCED TECH
On 13 March, China’s parliament rubber-stamped the Communist Party’s plan to bet the country’s next five years on achieving global dominance in technologies including AI and robotics, both of which are expected to erase millions of jobs.
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WAR COSTS MIDEAST BILLIONS DAILY IN LOST TOURISM, OIL REVENUE
Nations in the Middle East are losing $600 million a day that tourists would spend if they were still visiting, according to the World Travel & Tourism Council (WTTC).
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U.K. ECONOMY FLATLINES IN JANUARY
After squeezing out a 0.1-percent expansion in December, Britain’s economy showed no growth in January, the Office for National Statistics announced last week.
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EUROZONE FACTORY OUTPUT DECLINED IN JANUARY
The 20-country Eurozone’s manufacturing sector produced 1.5 percent fewer goods in January, an unexpected decline after factory output fell 0.6 percent in December.