Indonesia’s Jakarta Composite Index plunged 7.1 percent last week to its lowest level in almost four years.
Tag: Global Economy
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ITALY’S MELONI CRITIQUES EUROPE’S “TIT FOR TAT” TARIFFS
Europe’s retaliatory tariffs on U.S. imports, imposed in response to U.S. trade levies, risks a return of inflation, Italian prime minister Giorgia Meloni warned on the eve of last week’s meeting of European heads of state.
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BANK OF ENGLAND HOLDS RATES STEADY AS INFLATION IS SET TO RISE
Next month, British households and businesses will be hammered by higher costs as government caps on energy and water bills will rise 6.4 percent and 26 percent, respectively.
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RICH NATIONS PAYING THE LARGEST SHARE OF GDP ON INTEREST SINCE 2007
Interest payments on their national debts are costing the world’s richest nations the largest share of their GDPs since at least 2007, the Organization for Economic Cooperation and Development (OECD) has calculated.
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GERMANY’S PARLIAMENT ENDORSES MERZ’S €1-TRILLION STIMULUS PLAN
In an 18 March emergency session, the lower house of Germany’s Bundestag approved the €1-trillion infrastructure and military spending plan proposed by incoming chancellor Friedrich Merz.
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A RE-MILITARIZING EUROPE LOSES ITS “PEACE DIVIDEND”
As Europe prepares to spend trillions of euros more to arm itself, it loses the “peace dividend” it has been banking since the Cold War ended 35 years ago.
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EUROZONE ECONOMY GROWS FASTEST IN SEVEN MONTHS
In March, the economy of the 20-country Eurozone grew at its fastest since last September, according to the Hamburg Commerce Bank’s preliminary purchasing managers index (PMI) for the month.
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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 this week hitting the Department of Defense which announced 60,000 possible job cuts and the Department of Education as President Trump signed an Executive Order to abolish the department.
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IN FINANCIAL INDUSTRY, STABLECOINS ARE GOLDEN
Companies from PayPal to Bank of America are getting ready to issue their own stablecoins as regulators take a softer approach and Donald Trump’s enthusiasm for cryptocurrencies has given the idea new energy.