The core inflation rate across the 20 countries sharing the euro currency rose to 2.9 percent last month, compared to 2.7 percent in the first four months of this year.
Tag: Global Economy
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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.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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TOP TREND 2023, OFFICE BUILDING BUST: PENSION FUNDS STUNG BY OFFICE BUILDING BUST
Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
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LUXURY STOCKS SLUMP ON CHANEL’S WARNING; LAUREN DISAPPOINTS
On 22 May, Chanel Ltd. reported double-digit gains in sales and profits in its most recent quarter.
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OCEAN FREIGHT RATES UP 20 PERCENT AS RED SEA WAR CONTINUES
Routing ships away from the Red Sea and Suez Canal has added almost 30 percent to cargo container freight rates this month, The Wall Street Journal reported.
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FUND MANAGERS BET BIG ON METALS
The recently rising price of copper, nickel, and other metals crucial to the global energy transition has drawn a flood of money from asset managers, the Financial Times reported.
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U.S. REJECTS GLOBAL TAX ON BILLIONAIRES, YELLEN SAYS
The U.S. does not support a plan proposed by Brazil and supported by France and several other countries to impose a global tax on billionaires, treasury secretary Janet Yellen said last week.
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EU TRADE DEFICIT WITH CHINA SHRINKS, SURPLUS WITH U.S. GROWS
Weak consumer demand among European Union (EU) nations is brightening the group’s foreign trade picture.
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U.K., U.S. CONSUMERS CUT SPENDING IN APRIL
“Spending fatigue” has set in on both sides of the Atlantic, The Wall Street Journal reported, as shoppers in the U.K. spent 2.3 percent less in April than in March, the National Bureau for Statistics reported.