In this year’s third quarter, Tesla’s electric vehicle (EV) sales rose 7.4 percent above the same period last year after two quarters of sharp declines.
Tag: Global Economy
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MIDDLE EAST SOVEREIGN WEALTH FUNDS LEAD PEERS AGAIN THIS YEAR
For a fourth consecutive year, sovereign wealth funds among the Gulf oil states are making more investments than similar funds of other nations, the Financial Times reported.
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EUROZONE’S JOBLESS RATE RISES AS LABOR MARKET DIVIDES IN TWO
In August, the unemployment rate among the 20 countries sharing the euro currency ticked up to 6.3 percent from 6.2 percent in July. About 11,000 more people were without work.
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EU WANTS PEOPLE TO STOP SAVING, START INVESTING
Europeans traditionally have saved a larger share of their incomes than Americans do.
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‘A LONG, SLOW GOODBYE’ TO RUSSIA’S OIL RESERVES
Russia has depended on its oil reserves to keep its war on Ukraine, and its economy, functioning for almost four years. Now Western sanctions and heavier production from those reserves to fuel the war machine are beginning to drain that natural resource.
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LABOR MARKETS IN ADVANCED ECONOMIES ARE SEIZING UP
Employers in G7 countries, considered the world’s most advanced, hesitate to hire or to lay off workers as uncertainties over interest rates, taxes, tariffs, and artificial intelligence (AI) leaves them unable to plan, the Financial Times reported.
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GLOBAL FACTORY ACTIVITY CRIMPED BY WEAKNESS IN CHINA AND THE U.S.
Factory output contracted around the world in September as U.S. economic activity slowed, demand in China weakened, and the ongoing U.S. tariff war made customers hesitate to buy, Reuters reported.
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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
U.S. employers have laid off nearly 95,000 people in the first nine months of the year, according to a recent report by outplacement firm Challenger, Gray & Christmas.
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SPOTLIGHT: IS CHINA WINNING THE TRADE WAR?
Donald Trump’s tariffs on Chinese goods have been a boon to the world’s second-largest economy. In less than six months since Trump’s “Liberation Day” tariff announcement, China is approaching a record $1.2-billion trade surplus.