The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Job growth for nonfarm payrolls came in higher than expected for November with 64,000 jobs created, the Bureau of Labor Statistics reported today.
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SPOTLIGHT: BIGS GETTING BIGGER
Paramount Skydance’s $108-billion hostile bid to buy out Warner Brothers Discovery was possible because government funding arms in Qatar, Saudi Arabia, and the United Arab Emirates were willing to lend most of that amount to the deal.
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SILVER SETS RECORD PRICE ABOVE $60 AN OUNCE
On 9 December, silver’s price jumped 4 percent to $60.40 an ounce, its first time above $60. The price closed on 15 December at TK.
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OIL SUPER GLUT’ DUE IN 2026, MAJOR TRADER FORECASTS
Next year, the world will be inundated by an oversupply of oil amid a sluggish global economy, creating a “super glut” of oil, according to Saad Rahim, chief economist for Trafigura, one the world’s leading commodities traders.
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SPOTLIGHT: BIGS GETTING BIGGER
As we have detailed, the Trump administration’s laissez-faire attitude toward major mergers and acquisitions has persuaded a growing number of companies “to take a shot at deals that merge direct competitors,” The Wall Street Journal reported after talking with executives, investment bankers, and lawyers in the field.
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CHINA’S PHONE MAKERS ARE PEELING AWAY APPLE’S IPHONE USERS
China’s leading smartphone makers now offer apps that enable iPhone users to switch smoothly to domestically made phones.
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LUXURY FIRM MUST DOWNSIZE, REBALANCE, CEO SAYS
To revive its flagging fortunes, luxury house Kering must continue to close stores, rethink its pricing strategy, seek synergies with other retailers, and reduce its dependence on flagship brand Gucci, CEO Luca de Meo said in a recent memo to senior staff.
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TAIWAN’S AI BOOM LEAVES OTHER SECTORS BEHIND
Artificial intelligence fever has swept Taiwan, lifting the island nation’s GDP by 8 percent in this year’s third quarter. However, that growth has overshadowed the country’s larger economic weakness.
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DOES THE ITALIAN NATIONAL BANK’S GOLD BELONG TO ‘THE PEOPLE’?
The Brothers of Italy, prime minister Giorgia Meloni’s ruling political party, has proposed that the gold now on the balance sheet of the Bank of Italy, should be declared the property of the Italian people.