Tag: mar 9 2021

DISNEY TO CLOSE AT LEAST 60 STORES IN NORTH AMERICA. The entertainment giant will shift more attention to online sales and close storefronts to save rent as more shoppers buy from its Internet sites. “While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” Stephanie Young,...

As we have forecast, the 20th century was the American century – the 21st century will be the Chinese century.  The business of China is business; the business of America is war. While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s...

The Lebanese pound traded at a record-low 10,000 to the U.S. dollar on the country’s black market on 2 March, about 85 percent below its official exchange rate. The pound has lost 20 percent of its value this year. Food prices rose at an annual rate of 400 percent in December and 45 percent of...

In January, French exports to the U.K. were 13 percent fewer than the previous six months’ average. German exports to Britain were down 30 percent year over year, Italy’s 38 percent.  For the month, Italy imported 70 percent fewer items from Britain. “I have a hard time deciding what is the impact of Brexit and...

Britain has become the first major nation to announce it will raise taxes after its economy recovers. Corporate taxes will rise from 19 percent to 25 percent in April 2023, and tax-free allowances on personal income taxes will be suspended, treasury chief Rishi Sunak announced. The two measures are expected to bring £65 billion –...

As the COVID War wanes, money is flooding into Asian stock markets, with young individuals pouring money into markets in their first forays into investing. Trading volumes on exchanges in Shanghai and Shenzhen, the region’s largest, are climbing toward boom levels last seen in 2014 and 2015; volumes on Hong Kong and Seoul trading floors...