On 31 March, the Justice and Development Party (AKP) led by Turkey’s President Recep Erdogan was drubbed in municipal elections, suffering what Bloomberg called “an unprecedented defeat.”
Tag: Global Economy
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EUROPE’S HOME PRICES DROP FOR FIRST TIME IN 10 YEARS
Home prices across the 20 Eurozone countries decreased 0.7 percent in last year’s final quarter from the quarter before and 1.1 percent over all of 2023, official figures showed.
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RICH GET RICHER: TOP 10 PERCENT IN EUROPE OWN 67 PERCENT OF WEALTH
Across Europe, 10 percent of people own 67 percent of the continent’s wealth, while the lower 50 percent own just 1.2 percent, according to the Credit Suisse and UBS Global Wealth Report for 2023.
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GOING OUT OF BUSINESS TRENDS
In recent times, 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, 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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FDIC: BIG BANKS SEE MORE FAILING OFFICE BUILDING LOANS THAN SMALLER BANKS
What we had forecast three years ago is just making the “news.”
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GOING OUT OF BUSINESS TRENDS
In recent times, 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, 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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SHARE PRICE OF LUXURY CONGLOMERATE KERING DIVES 14 PERCENT
Kering, the French owner of 11 luxury brands including Balenciaga, Brioni, and Yves St. Laurent, saw its share price drop 14.3 percent on 19 March after it said sales of its Gucci line will be down 20 percent this quarter, compared to the same period last year.
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SWIFT WILL LAUNCH CENTRAL BANK DIGITAL CURRENCY PLATFORM
SWIFT, the messaging network that connects banks worldwide, is developing a system to connect the international financial system to the array of central banks’ digital currencies (CBDCs) expected to come into use over the next few years.