The European Central Bank (ECB) held its policy interest rate at 2 percent at its 11 September meeting.
Tag: Global Economy
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ASIAN STOCK MARKETS SET RECORDS LAST WEEK
Equity indexes in Japan, South Korea, and Taiwan closed last week at record highs as investors bet the region’s chipmakers will gain greater benefits from the ongoing rally in artificial intelligence stocks.
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GERMAN UNEMPLOYMENT IS HIGHEST IN 10 YEARS
In August, the number of German workers without jobs surpassed three million for the first time since 2015, pegging the unemployment rate at 6.4 percent, government figures show.
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FRENCH GOVERNMENT’S DEBT COLLAPSE IS A WARNING TO OTHER COUNTRIES
Last week, by a vote of 364 to 194, France’s parliament threw out prime minister Francois Bayrou after he was unable to bring political factions together to solve the country’s €3.4-trillion debt crisis.
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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
Thousands of U.S. oil and gas jobs have been cut this year, and more cuts are likely amid a downturn caused by price volatility, rising costs and tariff uncertainty.
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TOP TREND: A GOLDEN YEAR FOR GOLD
The World Gold Council (WGC) is planning to test a digital venue for trading gold, settling transactions, and collateralizing the precious metal.
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GOVERNMENTS MAY NEED TO BAIL OUT STABLECOINS, NOBEL ECONOMIST WARNS
Because governments are giving “insufficient supervision” to stablecoins, they may be forced into multibillion-dollar bailouts if the market for the digital currencies goes bad, Jean Tirole, 2014’s Nobel Prize winner in economics, said in a Financial Times interview.
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CHINA SLAPS STIFF TARIFF ON EUROPEAN PORK
China has announced a tariff of as much as 62 percent on pork imported from the European Union, claiming the Eurozone is dumping its excess pork into China at unfairly low prices.
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CANADA’S ECONOMY CONTRACTS FOR FIRST TIME IN ALMOST TWO YEARS
Bogged down by stiff new U.S. tariffs, Canada’s economy contracted by 1.6 percent in this year’s second quarter, according to the government’s Statistics Canada agency.