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.
UBS Group, the Swiss global financial services firm, has agreed to pay a $1.44-billion fine to settle charges brought by the U.S. justice department that the company had defrauded investors.
The Dutch economy has slipped into a technical recession, contracting by 0.3 percent in this year’s second quarter after shrinking 0.4 percent in the first, according to Statistics Netherland.
Britain’s top-line inflation eased to 6.8 percent in July, the Office for National Statistics reported, sharply lower than June’s 7.9 percent.
In an emergency 15 August rate meeting, officials of Russia's central bank hiked a key interest rate by 3.5 percentage points to 12.0 percent.
Stubbornly high core inflation, especially in Europe, and high-interest rates, particularly in the U.S., have convinced investors to sell the bonds they bought expecting central banks to start cutting rates soon.
Welcome to week 52... a year of our reported job losses that illustrate the factual damage resulting from the COVID War... and the scores of other socioeconomic and geopolitical tragedies committed by politicians in a country near you that are destroying the foundations of economies.
Through April, May, and June, business bankruptcies in the Eurozone increased 8.4 percent, according to Eurostat, the European Union’s statistics agency.
The post-COVID War economic landscape has presented an array of challenges that have profoundly affected the business community.
First-half cuts among healthcare companies including hospitals are up 97 percent year over year. The volume of cuts have already surpassed last year's totals. Many of these cuts are only affecting administration.