The value of commercial loans officially considered “in distress,” meaning they are approaching default, reached $79.7 billion in this year’s third quarter, the highest since 2013, MSCI Real Assets reported.
Tag: Global Economy
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U.K. INFLATION REFUSES TO YIELD
In September, Britain’s annual inflation rate held at 6.7 percent, the same as August, as rising fuel prices offset lower food costs.
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GERMANY’S PRODUCER PRICES FALL AT FASTEST PACE ON RECORD
The prices that German manufacturers charge for their goods plunged 14.7 percent in this year’s first nine months, the steepest nine-month plunge since records began being kept in 1949, the government reported.
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PRICES FOR EV METALS CRASH
Prices for cobalt, lithium, and nickel—metals used extensively in building electric vehicles (EVs) and their batteries—have plummeted this year as demand for EVs and electronics in general has withered in China, the world’s largest EV market.
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UNION PACIFIC PROFIT DROPS AS SHIPPING VOLUMES DECLINE
Union Pacific Railroad reported third-quarter revenue of $5.94 billion, 10 percent less than the same period in 2022, and a 19-percent reduction in profits, which fell to $1.5 billion.
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CHINA CURBS EXPORTS OF GRAPHITE, A KEY EV BATTERY MATERIAL
Seeking to hold its control over markets for materials related to electric vehicles (EVs), China will now require export permits for some forms of graphite.
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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…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 59 of our job loss report. Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
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TOP TREND 2023, MIDDLE EAST MELTDOWN: MIDEAST WAR SPILLS INTO EUROPE’S ECONOMY
The Israel-Hamas war threatens Europe’s energy prices and should prevent the European Central Bank (ECB) from raising interest rates further, Yannas Stournaras, governor of Greece’s central bank, said in a Financial Times interview last week.
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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.