The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Tag: Global Economy
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency. Government contractors are seeing slowdowns in government spending and cutting staff due to reduced business. Booz Allen, which relies heavily on government contracts, will lay off 2,500 people.
Post
SPOTLIGHT: THE GLOBAL AUTO INDUSTRY IN FLUX
During this year’s first quarter, registrations of new all-electric vehicles (EVs) shot up 28 percent across Europe and the U.K. due in particular to a jump in Germany, where sales more than doubled, the trade group ACEA reported.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Federal Reserve planning to cut 10 percent of its workforce (approximately 2,000 people) over the next few years through a voluntary deferred resignation program.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based employers cut 105,441 positions in April with retailers cutting 7,235 jobs, according to outplacement firm Challenger, Gray & Christmas.
Post
BANK OF ENGLAND CUTS INTEREST RATE FOR A FOURTH TIME
On 8 May, the Bank of England (BoE) cut its policy interest rate from 4.5 percent to 4.25 percent, the fourth reduction in the rate-setting committee’s last seven meetings.
Post
RUSSIA TRIPLES ITS BUDGET DEFICIT AS OIL PRICES TUMBLE
The Kremlin will allow Russia’s budget deficit to more than triple this year from 0.5 percent of GDP to 1.7 percent as oil prices are projected to remain in their current $60 neighborhood for weeks or months to come.
Post
PRIVATE EQUITY READY TO FUND EUROPE’S REARMAMENT
As the U.S. has indicated it will scale back its military defense of Europe, the continent’s capitals are preparing to spend billions to expand their own defense capacities and take a larger role in supporting the Ukraine War and selling the line to the public that if Russia is not defeated they will invade Europe.