Last week it was reported that the dramatic shift in U.S. trade and economic policies, and their erratic implementation, have shaken investors’ confidence in the U.S. dollar as a safe store of wealth, The New York Times reported.
Tag: Global Economy
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WORLD ECONOMIES PROVE RESILIENT TO TARIFFS
Economies in Asia, Europe, and the U.S. have not faltered greatly as Donald Trump’s tariff war proceeds, although exporters are receiving fewer orders, The Wall Street Journal reported.
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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
Intel expects to cut its workforce by 25,000 this year through layoffs, attritions and other methods and will cancel plans to build new chip facilities in Europe.
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TESLA SALES CRASH IN SECOND QUARTER
Once the world’s leading maker of electric vehicles (EVs), Tesla delivered 384,000 EVs in this year’s second quarter, compared to 444,000 during the same period in 2024.
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SNACK MAKERS OFFER SMALLER PACKAGES TO KEEP CONSUMERS BUYING
As consumers cut back discretionary spending, snack makers are offering them smaller snack packs at cheaper prices to keep them munching.
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OPEC+ ACCELERATES PRODUCTION INCREASES
At its 5 July meeting, OPEC+ decided to boost oil output 548,000 barrels a day beginning 1 August.
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CANADA’S FACTORY OUTPUT CRASHES
Canada’s manufacturers produced less in June for the fifth consecutive month, according to S&P’s purchasing managers index (PMI) for the country’s industrial sector.
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BRICS BLOC SETS UP LOAN GUARANTEE MECHANISM TO REASSURE LENDERS
The 11-nation BRICS trading bloc is establishing a loan guarantee fund through the New Development Bank (NDB), which the group founded in 2015 to foster growth among emerging economies.
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EUROPE’S NERVOUS EMPLOYERS SHED WORKERS IN MAY
Europe’s unemployment rate edged up to 6.3 percent in May from 6.2 percent in April as business fretted over the impacts of Donald Trump’s stiff new tariffs, The Wall Street Journal reported.