On 6 August, Donald Trump signed a proclamation imposing new tariffs of 15 percent on imports of solar energy panels and their components, effective 4 December this year.
Tag: Global Economy
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EUROZONE FACTORY OUTPUT LEAPS TO A FOUR-PLUS-YEAR HIGH IN JULY
The manufacturing sector in the 21-member Eurozone turned in its best performance in July since early 2022.
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FUEL PRICES WILL REMAIN HIGH INTO THE FUTURE, OIL MAJORS SAY
After hostilities in the Persian Gulf cease, gasoline and diesel fuel prices will remain high and will continue to drive inflation higher, even as the price of crude oil falls, Chevron and ExxonMobil have warned.
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U.S. RESCUE OF JAPAN’S YEN SENDS WARNING SIGNAL ABOUT THE DOLLAR
When the U.S. treasury bought Japanese yen to prop up the yen’s value, the move was made as much out of self-interest as to help an ally’s economy, MarketWatch reported.
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GOING OUT OF BUSINESS TRENDS
The economic slowdown continues to leave its mark on Main Street and corporate America alike.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The layoff machine keeps rolling from banking and technology to healthcare, media, automotive manufacturing, education, and local government as companies slash costs, automate operations, and brace for an increasingly uncertain future.
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SPOTLIGHT: BIGS GETTING BIGGER
U.S. private equity giant Blackstone is buying HSBC bank’s Australian portfolio of home and personal loans.
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HERMÈS SHARE PRICE DROPS DESPITE POSITIVE SECOND QUARTER
The share price of luxury firm Hermès plopped down 10 percent on 28 July even though the company reported a modest rebound in sales during this year’s second quarter.
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SHELL OIL REPORTS SECOND-BEST QUARTER EVER
British energy giant Shell Oil posted $9.8 billion in adjusted earnings in the second quarter, beating analysts’ forecast of $8.9 billion and more than doubling the $4.3 billion from a year earlier.
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MERCEDES TRIMS 2026 REVENUE FORECAST
Mercedes-Benz lowered its 2026 revenue forecast last week, saying revenues would come in “slightly” below last year’s figure of €132.2 billion. Earlier, the company had forecasted this year’s revenue would be about the same as last.