The steady stream of bankruptcies and business closures continues to paint a troubling picture of economic reality.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job-cutting trend continues to spread across sectors, signaling deeper economic weakness beneath the surface of the official data.
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SPOTLIGHT: BIGS GETTING BIGGER
EASYJET ACCEPTS APOLLO’S TAKEOVER OFFER Apollo Global Management has won its battle with Castlelake, another private equity firm, to take over British budget airline easyJet. Apollo will pay £7.15 a share, bringing the price to about £5.7 billion. The airline’s board and founder, also its largest shareholder, have approved the deal. The company has “carefully......
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SPOTLIGHT: THE GLOBAL ADVANCE OF CHINA’S TECHNOLOGY
CHINA HAS BECOME “THE FACTORY FOR FACTORIES” Long a key supplier of consumer items, China is becoming a key exporter of the high-value machinery and other capital goods that factories around the world need to make things, such as cars and robotic arms. “In the past, advanced manufacturing was led by Germany and Japan, but......
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WELL-OFF CHINESE CHOOSE NEW LUXURY SPENDING
For years, China was the luxury industry’s growth engine as the country’s blossoming class of knowledge workers showed off their newfound affluence by buying designer clothes, Rolex watches, and Mont Blanc fountain pens.
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TRUMP PILES NEW TARIFFS ON SOLAR PANELS AND COMPONENTS
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.
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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.