Central banks in 13 percent of the world’s advanced economies plan to add to their gold reserves over the next 12 months, compared to 8 percent a year ago, according to a survey by the World Gold Council.
Tag: Global Economy
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IN MAY, RUSSIA EXPORTED MORE GAS TO EUROPE THAN THE U.S. DID
For the first time in nearly two years, Russia exported more natural gas to Europe than the U.S. did, according to the Financial Times, despite Europe’s vow to end all Russian gas imports by the end of 2023 after Russia attacked Ukraine.
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BANK OF ENGLAND LEAVES KEY RATE UNCHANGED
As economists expected, the Bank of England’s (BoE’s) governing committee held its key interest rate at its 16-year high of 5.25 percent, where it has been since August 2023.
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EUROZONE’S BUSINESS ACTIVITY SLUMPS IN JUNE
Business activity in the 20-country Eurozone slowed unexpectedly this month after French President Emmanuel Macron’s call for elections shocked markets and the area’s industrial sector saw its worst month this year.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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TOP TREND 2024: EV GO FU
The European Union (EU) is ready to impose new tariffs on imported Chinese electric vehicles (EVs) in early July as a result of what the EU alleges are Beijing’s unfair subsidies to the EV industry, enabling them to undercut car makers’ prices in other countries.
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PRIVATE EQUITY USES LOOPHOLE TO DODGE $1 TRILLION IN TAXES
Major asset management firms routinely structure their profits in a way that has helped their executives skirt more than $1 trillion in taxes since 2000, a study from Oxford University has found.