On 30 April, the U.S. and Ukraine closed an agreement giving the U.S. access to Ukraine’s mineral resources.
Tag: Global Economy
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BIG OIL FACES A THIRD YEAR OF LOWERED PROFITS
After falling from 2022 through 2024, oil majors’ revenues and profits are poised to mark a third 12-month period of disappointment.
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EUROZONE ECONOMY PERKS UP IN FIRST QUARTER
The collective economy of the 20-nation Eurozone grew by 0.4 percent in this year’s first three months, doubling the pace of growth reached during 2024’s final quarter. If the quarter-on-quarter pace sustains throughout the year, the area’s GDP will grow by 1.4 percent, The Wall Street Journal said.
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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.
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SOFTBANK GROUP LAUNCHES CRYPTO FUND POWERHOUSE
Softbank Group, the Japanese venture juggernaut, is leading a consortium that has formed Twenty One Capital, a new fund that will pool the cryptocurrency holdings of the partners with the goal of amassing more Bitcoin.
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TESLA SALES SLUMP IN EUROPE
March marked the third consecutive month of falling sales for Tesla in the European Union (EU) even as demand for electric vehicles (EVs) grew across the region.
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SOUTH KOREA’S ECONOMY CONTRACTS AS CONSUMERS CUT SPENDING
South Korea’s export-dependent economy puckered by 0.2 percent in this year’s first quarter, compared to the final quarter of 2024, and shrank by 0.1 percent against last year’s first three months.
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BYD DOUBLES FIRST-QUARTER PROFITS
BYD, China’s leading electric vehicle (EV) maker, posted first-quarter profits equivalent to $1.26 billion in this year’s first quarter, compared to $63 million for the same quarter in 2024.
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GERMANY TO FLAT-LINE THIS YEAR
Germany’s government has scrapped its prediction of 0.3-percent economic growth this year and now says its economy will not grow at all due to U.S. tariffs.