As Germany enters what is likely to be a third year of recession, new chancellor-in-waiting Freidrich Merz has chucked the financial caution that ruled preceding administrations.
Tag: Global Economy
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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
The U.S. economy added 151,000 jobs in February, the U.S. Bureau of Labor Statistics reported on Friday. Employment was up in health care, financial activities, transportation and warehousing, and social assistance.
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OFF WITH THEIR HEADS 2.0: RISE OF MULTIMILLIONAIRES JUMPS IN THE U.S. WHILE GLOBAL ECONOMY SLOWS
Life’s good if you’re a card-carrying member of The Club.
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HONG KONG REAL ESTATE SLUMP THREATENS ITS LOW TAX STRUCTURE
Hong Kong has built a reputation as a tax haven. The highest income tax rate is 17 percent. It charges no sales or capital gains taxes.
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INDONESIAN ECONOMY LOSES ITS “BACKBONE” AS MIDDLE CLASS DISAPPEARS
Indonesia’s middle class, long considered the backbone of the aspirational country’s economy, has shrunk by about 20 percent since 2018, threatening growth and frightening away foreign investors, the Financial Times reported.
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AUSTRALIA’S CENTRAL BANK CUTS INTEREST RATE TO FOUR-YEAR LOW
The Reserve Bank of Australia has cut its key interest rate by a quarter point to 4.10 percent, the first reduction in four years.
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CHINA’S PORTFOLIO OF U.S. TREASURIES IS SMALLEST IN 16 YEARS
China’s holdings in U.S. treasury securities has dwindled to its smallest since 2009 as Beijing has diversified into other assets, especially gold, the Financial Times reported.
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EUROPE MUST DEMAND ACCESS TO CHINA’S BATTERY KNOW-HOW, GROUP SAYS
Europe’s automakers and Chinese battery suppliers are focused on securing adequate battery supplies for electric vehicles (EVs), but that short-term thinking risks weakening the continent’s industrial base further, a new study warns.
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GERMAN INDUSTRIAL BASE IS LOSING WORKERS, INVESTORS
Since the onset of the COVID War, Germany has lost about 250,000 manufacturing jobs, a sign “that Europe’s industrial heartland is suffering an irreversible decline,” the Financial Times said.