Donald Trump has declared additional tariffs on eight European nations whose leaders have spoken out against his plan to buy Greenland or seize it by military force.
Tag: Global Economy
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EUROPE’S GAS PRICES SPIKE AS SUPPLIES TIGHTEN AND TEMPS DROP
Last Friday, Europe’s benchmark price of natural gas jumped another 13 percent to the equivalent of $43.47 a megawatt hour, ending a week in which the price gained almost 30 percent.
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EUROPE’S CAR PARTS MAKERS HAVE DUMPED 100,000 WORKERS IN TWO YEARS
Bosch and other European car parts manufacturers have announced layoffs of more than 100,000 workers over the past 24 months as demand for the continent’s cars has slumped and China has taken a growing share of their market.
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GERMANY, U.K. SHOW SIGNS OF ECONOMIC RECOVERY
Germany’s economy, Europe’s largest, grew 0.2 percent in 2025, after shrinking by 0.5 percent in 2024 and 0.9 percent in 2023, according to Destatis, the government’s statistics agency.
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CHINA INVESTS IN FOREIGN PARTNERS AS U.S. INFLUENCE WOBBLES
In 2025, China nearly doubled its investment in its long-running Belt and Road Initiative (BRI) that funds infrastructure projects in developing nations. The program’s annual budget shot from $122.6 billion in 2024 to $213.5 billion last year.
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GOING OUT OF BUSINESS TRENDS
Turbulence continues in the retail sector this year with several major brands announcing store closures and layoffs.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The European car parts sector has laid off 100,000 people in the last two years, according to The Financial Times.
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METALS PRICES SOAR ON GEOPOLITICAL FEARS
On 14 January, the price of gold, silver, copper, and tin set new records as commodities investors and industrial users were shaken by the prospect of a hot war between the U.S. and Iran, uncertainties over Donald Trump’s plans for taking over Greenland, and fears for the U.S. Federal Reserve’s independence.
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GOING OUT OF BUSINESS TRENDS
More than 700 U.S. businesses filed for bankruptcy in 2025, the highest number since 2010, according to marketrealist.com.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S. employers expanded payrolls by 50,000 jobs in December, according to the Bureau of Labor Statistics December jobs report.