The Bureau of Labor Statistics delayed release of the January Job Report due to the government shutdown.
Tag: Global Economy
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GOING OUT OF BUSINESS TRENDS
Rising operating costs continue to fuel a wave of closures across the retail, restaurant, and manufacturing sectors. In the United Kingdom, Poundland has closed 149 locations, while Toys “R” Us Canada has announced the closure of 19 stores.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Mounting economic pressures, industry shifts, and rapid technological disruption continue to drive job losses across multiple sectors.
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SPOTLIGHT: BIGS GETTING BIGGER
China’s Zijin Gold International, among the world’s largest gold miners, is pocketing Canadian counterpart Allied Gold for C$5.5 billion in cash, or about U.S.$4 billion.
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EUROPE, INDIA FORGE TRADE AGREEMENT
India and the European Union have agreed on the details of a trade deal embracing 28 countries, two billion consumers, and around 25 percent of the world’s economy.
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CHINA DRAFTS FIVE-YEAR PLAN TO RESTART CONSUMER ECONOMY
China’s senior state planners are creating a five-year plan to energize domestic consumption and address the imbalance between “strong supply and weak demand,” according to a 20 January press briefing by officials of the country’s National Development and Reform Commission.
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GLOBAL ECONOMY DANGEROUSLY DEPENDENT ON AI, IMF WARNS
The world economy’s resilience is deceptive and has become so dependent on AI that a sharp downturn in the technology’s boom would endanger global markets’ stability, Pierre-Olivier Gourinchas, chief economist for the International Monetary Fund (IMF), said at the World Economic Forum on 19 January.
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SPOTLIGHT: BIGS GETTING BIGGER
Goldman Sachs and Morgan Stanley, both of which specialize in structuring mergers and acquisitions, posted hefty earnings from 2025’s final quarter, closing out investment banking’s richest year since the COVID War.
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SPOTLIGHT: THE REALIGNMENT OF GLOBAL TRADE
With Canadian products facing stiff U.S. tariffs, the country has negotiated a far-reaching trade deal with China. Canadian prime minister Mark Carney inked the deal with Chinese president Xi Jinping during the first visit to China in eight years by a Canadian chief of state.
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EU PARLIAMENT MAY LINK U.S. TRADE DEAL TO GREENLAND
The European Union’s (EU’s) parliament has yet to approve the trade agreement EU officials negotiated with the U.S. in July. Now the body is considering refusing to ratify the deal unless Donald Trump pledges to not seize control of Greenland.