The world’s economy has maintained a better pace of growth this year than expected as government incentives and spending prop up China’s teetering GDP and AI investments cushion weakness elsewhere in the U.S. economy, the Organization for Economic Cooperation and Development (OECD) said in a report released last week.
The Eurozone’s economy is showing short-term resilience but underlying trends indicate trouble ahead, a new report by the Organization for Economic Cooperation and Development warns.
Households should consider building up a reserve of paper money and coins at home, the European Central Bank (ECB) said in a statement last week that reminded people cash is a fail-safe backup if digital currency and payment systems malfunction.
In September, the Eurozone’s economy grew at the fastest rate in 16 months, led by strength in Germany’s services sector.
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Over 100,000 federal employees are expected to resign today under President Trump’s deferred resignation program, according to thegatewaypundit.com.
At the end of this year’s second quarter, worldwide debt had climbed to $337.7 trillion as the world’s economy weakened, central banks reduced interest rates, and the U.S. dollar’s value continued to slump, the Institute of International Finance (IIF) reported.
As we detail in this and previous Trends Journals, investment into the private equity business and Merger and Acquisition activity have been in decline.
On 18 September, Russian president Vladimir Putin hinted he might be ready to raise various taxes, especially on wealthy Russians, as the country’s war-weary economy shows signs of strain.
Three Swiss banks have successfully made actual payments from bank deposits via a public blockchain, the Swiss Bankers Association said on 16 September.