This is week 56 of our listing job cuts. Today, the Dow went into the red for the year plunging 430 points. Why?
Tag: Global Economy
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WORLD TRADE FALLS TO THREE-YEAR LOW
International trade volumes were down 2.4 percent in June, year on year, and another 3.2 percent in July, according to the World Trade Monitor maintained by the Netherlands Bureau for Economic Policy Analysis.
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BUNDESBANK PRESIDENT WARNS AGAINST ENTRENCHED INFLATION
“At all costs,” the European Central Bank (ECB) must prevent inflation from becoming entrenched across the Eurozone’s economy, Joachim Nagel, president of Germany’s central bank, said in a speech last week.
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BANK OF ENGLAND PAUSES RATE HIKES
By a vote of five to four, the Bank of England’s (BoE’s) rate-setting committee paused its steady march of rate increases at its meeting last week, leaving its key rate at 5.25 percent.
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TURKEY RAISES KEY INTEREST RATE BY 5 POINTS AT ONCE
On 21 September, Turkey’s central bank hiked its key one-week repo interest rate by a whopping five percentage points to 30 percent, matching economists’ forecast in a FactSet poll.
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RUSSIA HALTS EXPORTS OF GASOLINE AND DIESEL FUEL
With world oil prices closing in on $100 a barrel, Russia has banned exports of diesel fuel and gasoline, with exceptions for some low-grade diesel and for supplies to four adjacent ex-Soviet states.
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GOING OUT OF BUSINESS/CLOSING STORES 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 55 of our listing job cuts. Today, the Dow plunged nearly 400 points. Why? According to the CNBC headline because “... economic worries return.”
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GLOBAL DEBT SETS RECORD AT $307 TRILLION
The amount of money owed by governments, businesses, households, and individuals grew by $10 trillion in this year’s first half to a record $307 trillion, the Institute of International Finance (IIF) said in a 19 September report.
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CANADA’S ECONOMY SHRINKS IN SECOND QUARTER
Canada’s economy contracted by 0.2 percent in this year’s second quarter, Statistics Canada reported.