One of Donald Trump’s successes as president was to reduce the U.S.’s trade deficit with China—but apparently not. The...
Archive for category: TRENDS ON THE GLOBAL ECONOMIC FRONT
Inflation and interest rate hikes are causing companies in every sector to lay off thousands of employees, a clear...
Six in ten top corporate executives expect a recession within 12 to 18 months, according to a May survey...
Oil supplies risk failing to meet global demands next year, even though current high prices and slowing economies point...
The sudden spate of interest rate increases last week by central banks in Europe and the U.S. has sent...
On 16 June, several central banks in Europe suddenly raised interest rates, some without warning, after the U.S. Federal...
WALTON WILL BUY DENVER BRONCOS FOR $4.6 BILLION Walmart heir Rob Walton is leading a group that has agreed...
CHINA’S EXPORT ECONOMY REBOUNDS China’s exports surged 16.9 percent in May, year over year, almost four times the 3.9-percent...
MAY INFLATION SETS ANOTHER 40-YEAR RECORD The U.S. annual inflation rate in May edged up to 8.6 percent from...
On 8 June, Credit Suisse warned that it expects to post a loss for this quarter, as its investment...
The Turkish government has announced a new “revenue-indexed” savings bond in an attempt to salvage the value of the...
For more than a year, Turkey’s banks have spent billions of dollars and other foreign currencies to buy lira...
On 13 June, India’s rupee fell to a record low 78.285 against the dollar and the benchmark S&P BSE...
On 13 June, Japan’s yen slumped to ¥135.19 per dollar, breaking down through the historic low of ¥135.15 reached...
Investors are placing short bets against Britain’s pound sterling currency amid rampant inflation and slowing economic growth, the Financial...
When the European Central Bank (ECB) ends its bond-buying program that it has conducted since the COVID War broke...
Faced with decades-high inflation, the European Central Bank (ECB) has indicated it will raise its key interest rate from...
Attempting to counter complaints that the European Central Bank (ECB) is doing nothing to address inflation, bank president Christine...
Businesses around the world are scaling back foreign investments because of rising interest rates, lingering fears of new COVID...
The 38-nation Organization for Economic Cooperation and Development (OECD) has pared its 2022 global growth forecast from 4.5 percent,...