Business activity in the 20-country Eurozone continued to slow this month after the region fell into a technical recession during this year’s first quarter, as we reported in “Eurozone in Recession” (13 Jun 2023).
Tag: jun 27 2023
European businesses are less confident in China’s economy now that its expected post-COVD economic boom has busted and its relations with Europe and the U.S. are deteriorating, according to a survey by the European Union Chamber of Commerce in China.
The International Monetary Fund (IMF) is developing a platform that central banks’ digital currencies (CBDCs) can use to clear transactions between countries, executive director Kristalina Georgieva announced on 19 June.
Overall inflation has been falling in most countries in recent months as central banks have used higher interest rates to rein it back.
Activity in the services economy in Australia, the Eurozone, and Japan fell more sharply than expected, according to purchasing managers indexes (PMIs) published last week by S&P Global, while manufacturing activity in key locales continued to be weak.
It’s plain and simple. Across the globe, there are more and more forecasts for rising interest rates and more fears of recession. In this 44 of our job-cut report, the biggest job cuts are from the UBS banksters who are ready to fire some 35,000 Credit Suisse employees following its emergency takeover of the bank.
As we had long noted, it was the Geeks who were the first to fight the COVID War by ordering their employees not to come to work because they would get/spread the virus. Now, the Silicon Valley bonanza that they created with the dawn of the Internet Revolution has turned to dusk.
Fedex sales fell 10.1 percent to $21.9 billion in its fiscal fourth quarter ending 31 May, the company reported. Its share price dipped 1 percent on news of the shipper’s third consecutive quarterly decline.
Before the COVID War, working at home was a rare privilege and most who enjoyed it were comfortable being close to the office when they needed to stop in.
The median U.S. home price sank by 3.1 percent in May in the largest year-over-year drop since December 2011, the National Association of Realtors (NAR) reported.