AIRBnB REPORTS 2020 LOSSES. The room-booking company reported losing $3.89 billion in 2020’s fourth quarter, more than ten times the...
Archive for category: TRENDS ON THE GLOBAL ECONOMIC FRONT
HSBC ACCELERATES ITS TURN TOWARD ASIA. HSBC, the world’s seventh-largest bank by assets, according to S&P Global Market Intelligence,...
Dublin-based Icon PLC, which conducts clinical trials for drug companies and reported $2.8 billion in 2020 sales, will buy...
Stock markets in developing countries have risen about 90 percent over the past 12 months and reached historic highs...
India’s economy grew 0.4 percent in 2020’s fourth quarter, year on year, according to the National Statistics Office, compared...
As we noted earlier, despite the U.K. falling into its worst recession in three centuries, the British pound rose...
Global trade shrank 5.3 percent last year but had returned to 2019 levels by November, according to CPB Netherlands...
AIRBUS LOSES €1.1 BILLION IN 2020. Europe’s premier aircraft builder blamed its loss on canceled or postponed orders for...
Turkey’s lira has risen 6.5 percent in value against the dollar this year, reversing its steady 2020 slide and...
Saudi Arabia, which cut its oil production by a million barrels daily this month and next to boost oil...
Japan’s economy grew 3 percent in 2020’s fourth quarter compared to the third, surging past expectations of a 2.3-percent...
Ontario, Canada’s most populous province, lost 355,300 jobs in 2020, pushing the unemployment rate to 9.6 percent, its highest...
A limping economy and massive deficits wrought by stimulus and bailout spending have created an “inescapable” fiscal reckoning for...
The European Central Bank (ECB) will leave its stimulus measures unchanged, the bank’s governing officials decided at their January...
Europe’s manufacturing economy continues to rebound while services still droop. The IHS Markit Purchasing Managers Index (PMI) for Germany’s...
The number of corporations seeing their credit rating fall last year was 4.67 times more than those with rising...
The COVID War that politicians have been fighting now for one year by locking down entire nations, has wiped...
As we have forecast, the 20th century was the American century – the 21st century will be the Chinese...
MGM REVENUE TANKS IN FOURTH QUARTER. The casino operator reported a 53-percent drop in revenue for the period, collecting...
The world’s largest cosmetics manufacturer is predicting “a fiesta of make-up and fragrances” once the COVID pandemic subsides, similar...