The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
More than half of U.S. industries are currently cutting jobs, according to Moody’s Analytics, with only healthcare showing job gains.
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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
Manufacturing continues to be hit hard with uncertainty over tariffs, increased costs and declining demand.
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BRAZIL’S PRESIDENT LOOKS PAST TRUMP WITH COMMITMENT TO BRICS
Brazil is reportedly “reinforcing” its commitment to BRICS countries in an act of defiance against the Trump administration that has threatened Brasília with steeper tariffs for its participation with the group that President Donald Trump has called an “anti-American” alliance.
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LUXURY BRANDS SLOW PRICE HIKES AS CUSTOMERS BALK
After years of raising prices far higher and faster than the rate of inflation, luxury brands are slowing their increases as a key customer group cuts purchases.
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RUSSIA’S CENTRAL BANK CUTS KEY INTEREST RATE BY TWO FULL POINTS
On 28 July, the Central Bank of the Russian Federation knocked two points off its policy interest rate, lowering it to 18 percent. The cut is the largest since May 2022 when the country was coping with the imposition of Western sanctions related to Russia’s attack on Ukraine.
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ECB HOLDS INTEREST RATES FIRM AS A BULWARK AGAINST TARIFF UNCERTAINTY
On 24 July, the European Central Bank (ECB) decided to hold its key policy rate at 2 percent after reducing it eight times in a row over the past 13 months.
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AUTO STOCKS RISE ON “BAD” U.S. TRADE DEAL WITH JAPAN
U.S. automakers criticized Donald Trump’s trade deal with Japan as bad for the American auto industry while car companies’ share prices rose on the world’s stock exchanges. (See “Japan and U.S. Agree on Outline of a Trade Agreement”in this issue.)
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CHINA’S INDUSTRIAL SECTOR SAGS AGAIN IN JUNE
In China, manufacturers’ profits declined again in June as the country’s deflation continued and consumer demand remained feeble, the U.S.-China trade agreement remained unsettled, and the global economy remained generally uncertain, the country’s National Bureau of Statistics (NBS) reported.