As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
In India, QR codes have become as common as curry. Street peddlers and performers display them just like barber shops and clothing stores do. Even beggars have their own QR codes if passers-by have no spare change.
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.
About $175 billion of real estate debt is classified as “distressed,” meaning there is a growing likelihood of it not being repaid, according to data compiled by Bloomberg.
In 2022’s fourth quarter, the proportion of Canada’s office space sitting empty reached a record 17.1 percent, according to real estate services firm CBRE, even though the country’s economy has fully reopened from its COVID-era lockdowns.
Sweden’s parliament will consider a law that would erase limits on the number of nuclear reactors the country will allow.
Chicago-based VillageMD, an affiliate of Walgreens Boots Alliance, the drug chain’s British division, is buying Summit Health, a chain of 340 urgent and primary care clinics in the U.S. northeast and Oregon.
Shops and warehouses in the U.S. and Europe are overstocked with inventory, causing orders for new goods from China’s factories to plunge by as much as 50 percent last month, according to the Financial Times.
In this year’s third quarter, the Ralph Lauren fashion brand’s U.S. revenue grew 13 percent. Capri Holdings, which owns Michael Kors and Versace, saw revenue jump 17.5 percent. Both grew more than the rate of inflation.
Officials of the European Central Bank (ECB) denied claims of a pending “dovish pivot” that would lead the bank to slow its pace of interest rate hikes or stop them entirely.