The digital asset industry is preparing for cyberattacks based out of quantum computers, according to the Financial Times.
Tag: Global Economy
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UNEMPLOYMENT IS RISING IN GERMANY
During this century’s first two decades, global demand for Germany’s cars, machine tools, and similar products made the country a haven for skilled workers.
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EU CUTS 2026 GROWTH FORECAST BELOW 1 PERCENT
The European Union’s (EU’s) economy will grow 0.9 percent this year, officials of the 21-country current union now expect a reduction from the 1.4 percent forecast made last November.
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BOND MARKET CRASH WORSENS GOVERNMENTS’ DEBT CRISIS
Bond markets are tanking around the world, driving up the interest rates that governments must pay to service their ever-increasing public debt loads.
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JPMORGAN IN TALKS TO SPREAD RISK ON $4 BILLION IN LOANS
The richest U.S. bank by assets is negotiating with investors to share the risk associated with $4 billion in dozens of net-asset-value loans JPMorgan has made to private equity firms and other investment funds in Europe, the Middle East, and North America.
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SPOTLIGHT: BIGS GETTING BIGGER
NextEra Energy, North America’s largest electric power and energy infrastructure company, is buying Dominion Energy in an all-stock deal valued at $66.8 billion.
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LVMH WILL SELL HANDBAG MAKER MARC JACOBS FOR $850 MILLION
LVMH, the luxury industry’s largest conglomerate, will sell handbag brand Marc Jacobs to a partnership between global brand manager WHP and G-III Apparel Group, which owns an array of fashion brands including Calvin Klein, DKNY, Donna Karen, and Tommy Hilfiger.
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HONDA POSTS FIRST-EVER ANNUAL LOSS AS EV INVESTMENT SOURS
On 14 May, Honda Motor – Japan’s second-largest auto company – posted its first annual loss since it went public in 1957 as it wrote off more than $9 billion in costs to restructure its electric vehicle (EV) operation.
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FORD, STELLANTIS EXPAND CHINESE PARTNERSHIPS IN EUROPE
Stellantis, the Dutch conglomerate that owns Fiat, Jeep, Ram, and 11 other car brands, is broadening its partnership with Chinese EV maker Leapmotor.
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TURKEY’S CENTRAL BANK HIKES ITS INFLATION TARGET
Last week, the Central Bank of the Republic of Türkiye raised its target interest rate from 16 percent to 24 percent – a 50-percent increase – in an acknowledgment that the Iran War is spiking prices throughout the country’s economy.