Softbank Group, the Japanese venture juggernaut, is leading a consortium that has formed Twenty One Capital, a new fund that will pool the cryptocurrency holdings of the partners with the goal of amassing more Bitcoin.
Tag: Global Economy
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TESLA SALES SLUMP IN EUROPE
March marked the third consecutive month of falling sales for Tesla in the European Union (EU) even as demand for electric vehicles (EVs) grew across the region.
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SOUTH KOREA’S ECONOMY CONTRACTS AS CONSUMERS CUT SPENDING
South Korea’s export-dependent economy puckered by 0.2 percent in this year’s first quarter, compared to the final quarter of 2024, and shrank by 0.1 percent against last year’s first three months.
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BYD DOUBLES FIRST-QUARTER PROFITS
BYD, China’s leading electric vehicle (EV) maker, posted first-quarter profits equivalent to $1.26 billion in this year’s first quarter, compared to $63 million for the same quarter in 2024.
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GERMANY TO FLAT-LINE THIS YEAR
Germany’s government has scrapped its prediction of 0.3-percent economic growth this year and now says its economy will not grow at all due to U.S. tariffs.
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EUROZONE BUSINESS CONFIDENCE SINKS TO 30-MONTH LOW
Confidence among Europe’s business owners and executives has sunk to its lowest since November 2022, according to the Hamburg Commercial Bank’s new purchasing managers index (PMI).
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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
Federal job cuts continue under Elon Musk and the Department of Government Efficiency. The Federal Deposit Insurance Corporation, which oversees banks and deposit accounts, will lay off 1,250 people.
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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.
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency.