After Yemen’s Houthi rebels launched missiles at U.S. ships in the Red Sea last month, cargo ships abandoned routes that include the Suez Canal and rerouted them around the southern tip of Africa.
Tag: Global Economy
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EUROZONE’S INFLATION ACCELERATED AT YEAR END
Inflation across the 20 countries sharing the euro currency sped up to 2.9 percent in December, year on year, after notching 2.4 percent in November.
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GLOBAL MANUFACTURING CRAWLED ACROSS 2023’S FINISH LINE
The world’s manufacturers finished the old year with a whimper, not a bang.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting. Numerous companies across the tech, media, finance, and retail industries made significant cuts in 2023 and will continue the trend this year.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting. The reports are making it clear the job cut trend will increase next year as we have detailed in this and previous Trends Journals.
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OPEC+ LOSING ITS GRIP ON WORLD OIL MARKET
OPEC+’s recent production cuts intended to shore up crude oil prices have cut the cartel’s share of global oil markets to 51 percent, the smallest proportion since OPEC invited other producing nations to affiliate and create OPEC+ in 2016, the International Energy Agency (IEA) reported.
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BoE AND ECB DON’T SHARE FED’S OPTIMISTIC VIEW OF 2024
The Bank of England (BoE) and European Central Bank (ECB) made it clear their view of inflation is not as sunny as the U.S. Federal Reserve’s chair Jerome Powell expressed last week.
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EMERGING NATIONS BUCKLING UNDER DEBT LOAD, WORLD BANK WARNS
The past year’s surge in interest rates has piled record amounts of debt onto poor nations, depriving them of money needed to invest in education, healthcare, infrastructure, and other essential building blocks they need to rise out of poverty, the World Bank said in a report last week.