Asia is the region most dependent on oil and natural gas that transits the Strait of Hormuz.
Tag: Global Economy
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AI THREATENS BUSINESS SERVICE FIRMS, ASSET MANAGERS WARN
Accounting and law firms are among the most likely to be hurt as AI pervades professional services, private equity executives warned in recent interviews with the Financial Times.
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GOING OUT OF BUSINESS TRENDS
The wave of business failures and closures continues to accelerate, cutting across retail, restaurants, manufacturing, nonprofits, and even healthcare due to rising costs and weakening demand.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Layoffs continue to hit major sectors of the economy, from Wall Street to Silicon Valley to manufacturing and public services.
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SPOTLIGHT: CHINA’S TWO DIVERGING ECONOMIES
Beijing continues to believe that an industrial machine turning out “new productive forces” such as AI equipment, biotech machines, EVs, and solar panels will bring the domestic economy back to life.
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EUROZONE’S FACTORY SECTOR SLOWED IN MAY
The Eurozone’s manufacturing activity continued growing in May but at a slower pace than in the previous month, S&P reported, as the Iran War’s supply chain crash drove input costs to their highest since 2022.
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SPOTLIGHT: HOW CHINA DOMINATES THE GLOBAL TECH ECONOMY
As it has in other fields such as batteries and minerals, China has made itself an essential link in AI’s global supply chain.
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SPOTLIGHT: BIGS GETTING BIGGER
Fox Corp. is buying Roku, a streaming service with more than 100 million subscribers, for $22 billion.
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SPOTLIGHT: PRIVATE CREDIT CRISIS
As we have been reporting, the private credit industry’s current shakeout will winnow out rich individuals unable to tolerate higher-than-average risk.
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THE U.K. ECONOMY CONTRACTED IN APRIL
After growing by 0.6 percent in this year’s first quarter, Britain’s economy contracted by 0.1 percent in April, marking the first monthly contraction since August.