As Europe prepares to spend trillions of euros more to arm itself, it loses the “peace dividend” it has been banking since the Cold War ended 35 years ago.
Tag: Global Economy
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EUROZONE ECONOMY GROWS FASTEST IN SEVEN MONTHS
In March, the economy of the 20-country Eurozone grew at its fastest since last September, according to the Hamburg Commerce Bank’s preliminary purchasing managers index (PMI) for the month.
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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 this week hitting the Department of Defense which announced 60,000 possible job cuts and the Department of Education as President Trump signed an Executive Order to abolish the department.
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IN FINANCIAL INDUSTRY, STABLECOINS ARE GOLDEN
Companies from PayPal to Bank of America are getting ready to issue their own stablecoins as regulators take a softer approach and Donald Trump’s enthusiasm for cryptocurrencies has given the idea new energy.
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RUSSIA SOCKS CHINESE CAR IMPORTS WITH TARIFFS
Someone other than Donald Trump has a trade beef with China. Russian officials have put a fee equivalent to about $7,500 on Chinese passenger vehicles coming into the country.
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BANK OF CANADA CUTS INTEREST RATE BY ANOTHER QUARTER POINT
On 12 March, as expected, the Bank of Canada took another quarter point off its key interest rate, lowering the rate to 2.75 percent.
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TRILLION-DOLLAR SELL-OFF HITS INDIA’S STOCK MARKETS
A prolonged slide in India’s stock values has erased $1 trillion in value from investors’ holdings. The flagship Nifty 50 index has retreated 14.5 percent from its September high. The Sensex, a catalog of 30 major companies traded on the Mumbai exchange, has dropped 13.9 percent.
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U.K. GDP SHRINKS IN JANUARY
The U.K.’s economic activity contracted by 0.1 percent in January, surprising economists who had foreseen a 0.1-percent increase that would have built on December’s 0.4-percent gain.
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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.