In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
Tag: Global Economy
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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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DEATH OF THE DOLLAR: BRICS NATIONS WANT THEIR OWN COMMON CURRENCY
The nine nations of the so-called BRICS trading bloc are considering issuing their own euro-like common currency.
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TOP TREND 2024: EV GO FU
Around the world, lawmakers and regulators are setting new fees and taxes on electric vehicles (EVs) to make up for the loss of taxes on gasoline and diesel fuel as more drivers opt for electric mobility.
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RUSSIA SEIZES ASSETS OF JPMORGAN, COMMERZBANK
On 7 May, a Russian court allowed the seizure of €12.4 million, or about $13.3 million, remaining in Russia and belonging to a partnership of JPMorgan and Commerzbank.
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ARGENTINA’S TRANSPORT WORKERS STAGE ONE-DAY PROTEST STRIKE
On 2 May, Argentina’s trains, subways, ports, and several bus lines shut down for 24 hours as workers walked out to protest economic austerity measures imposed by President Javier Milei.
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ARGENTINA’S MANUFACTURING AND CONSTRUCTION SECTORS SLUMP IN MARCH
Argentina’s factory output dove 21.2 percent in March, year on year, far more than the 13.5 percent economists had expected. In a survey, 73 percent of manufacturers said they are laying off workers this quarter.
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NEWS CORP REVENUES AND PROFITS DROP WHILE NEW YORK TIMES GAINS
Rupert Murdoch’s News Corp, which owns The Wall Street Journal, book publisher HarperCollins, the Fox broadcasting network, and a string of newspapers and magazines around the world, said revenue slipped 1 percent in this year’s first quarter, while net profit plummeted 40 percent.
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SWEDEN’S CENTRAL BANK MAKES FIRST RATE CUT IN EIGHT YEARS
Sweden’s Riksbank shaved a quarter of a percentage point from its key interest rate last week, dropping the rate to 3.75 percent.
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AUSTRALIA’S CENTRAL BANK WILL KEEP INTEREST RATES HIGH
In February, the Royal Bank of Australia (RBI) noted “encouraging signs” that inflation was waning and hinted at an interest rate cut by the end of this year.