European countries are bracing for a flood of cheap Chinese goods after the U.S. smacked imports of Chinese electric vehicles (EVs), metals, semiconductors, and solar panels with new tariffs last week. “The U.S. has sent a very clear message that it wants minimal Chinese participation in its green transition,” geopolitics analyst Yanmei Xie at Gavekal Research,......
Inflation across the 20 countries that share the euro currency will fall to 2.5 percent, averaged throughout the year, the European Commission (EC) has projected.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
The nine nations of the so-called BRICS trading bloc are considering issuing their own euro-like common currency.
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.
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.
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.
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.
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.