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.
Tag: Global Economy
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RUSSIA’S CENTRAL BANK ADDS 3.5 PERCENTAGE POINTS TO INTEREST RATE
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.
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INFLATION SCRAMBLES INVESTORS’ RATE EXPECTATIONS
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.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
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.
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EUROPE: BANKRUPTCIES UP, STARTUPS DOWN
Through April, May, and June, business bankruptcies in the Eurozone increased 8.4 percent, according to Eurostat, the European Union’s statistics agency.
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GOING OUT OF BUSINESS TRENDS
The post-COVID War economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
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.
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PRIVATE EQUITY FIRMS OFFER SWEETENERS TO ENTICE RELUCTANT INVESTORS
As we reported in “Worry Sign: Major Investors Holding Onto Cash” (8 Aug 2023), foundations, pension funds, and the other major investors who fund private equity’s deals have been sitting on their cash, waiting for a more encouraging economic outlook.
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WEWORK, DON’T WORK: ONCE VALUED AT $47 BILLION, POISED TO COLLAPSE
WeWork, which assembled a billion-dollar global empire of coworking spaces during the ‘teens, said in an 8 August statement that “substantial doubt exists about the company’s ability to continue as a going concern.”
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BUSINESS-CLASS AIR TRAVEL’S RECOVERY STILL STALLS
After showing signs of a revival, business-class air travel among Europe’s three major airline groups has begun to level off, according to the carriers’ most recent earnings reports.