In 2024, China increased its investment in Europe for the first time in seven years, putting about €10 billion into a range of electric vehicle (EV) plants and battery factories in Hungary.
Tag: Global Economy
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BUSINESS ACTIVITY SLUMPS IN EUROPE AND JAPAN
This month, business activity has fallen in Europe and Japan to a 17-month low, due in part to Donald Trump’s tariffs and the continued uncertainty surrounding them, The Wall Street Journal reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency. Government contractors are seeing slowdowns in government spending and cutting staff due to reduced business. Booz Allen, which relies heavily on government contracts, will lay off 2,500 people.
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SPOTLIGHT: THE GLOBAL AUTO INDUSTRY IN FLUX
During this year’s first quarter, registrations of new all-electric vehicles (EVs) shot up 28 percent across Europe and the U.K. due in particular to a jump in Germany, where sales more than doubled, the trade group ACEA reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Federal Reserve planning to cut 10 percent of its workforce (approximately 2,000 people) over the next few years through a voluntary deferred resignation program.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based employers cut 105,441 positions in April with retailers cutting 7,235 jobs, according to outplacement firm Challenger, Gray & Christmas.
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BANK OF ENGLAND CUTS INTEREST RATE FOR A FOURTH TIME
On 8 May, the Bank of England (BoE) cut its policy interest rate from 4.5 percent to 4.25 percent, the fourth reduction in the rate-setting committee’s last seven meetings.
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