Business Confidence In The Eurozone Plummets
According to a preliminary estimate released Tuesday, by the EU’s statistics agency, Eurostat, in May, the business climate index in the Eurozone dropped to the lowest level seen in two…
Manufacturing Slows In The Eurozone
A new study by S&P Global shows that manufacturing activity throughout the Eurozone has fallen at the fastest pace since the depths of the pandemic, as a gap between the…
Chinese Investors Flock To State-Owned Enterprises
In China the latest investor frenzy is speculating on the stocks of the country’s state-owned enterprises. What began as a rally in state-controlled banks, has now spread to brokers and…
IMF Director Warns World Economic Outlook Weakest In Decades
On Thursday, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva predicted the world economy will face is weakest growth since the 1990’s over the next five years,…
US Markets Led Lower By Financial Services Stocks
As investor concerns over the health of the US banking sector continue to grow, US bank stocks drove US markets lower on Friday. The Dow Jones Industrial Average fell over…
Wealthy Individuals No Longer Want To Move To US
London-based immigration consultancy Henley & Partners released its latest Wealth Report, which found that contrary to the sentiment prior to the Covid-19 pandemic, the world’s wealthy no longer want to…
Inequality Deepens In Britain As Inflation Presses On
According to the latest figures from the Office for National Statistics (ONS) Household Finances Survey released on Wednesday, the cost of living crisis in Britain is hitting the nation’s poorest…
Stocks Battered As Data Points To Continued Fed Hikes
US equities extended their losses Thursday on concerns of investors that the US economy may be heading for a recession. The S&P 500 fell 1% after the opening bell, as…
Oxfam Says Two-Thirds Of New Wealth Went To Richest 1%
Anti-poverty charity Oxfam released a new report Monday which revealed that over the previous two years, the richest 1% have accumulated nearly two-thirds of all new wealth created in the…
UK CEBR Issues Grim 2023 Economic Forecast
In its latest report, the UK-based Centre for Economics and Business Research (CEBR) predicts the world will slide into a global recession next year as numerous national economies contract in…
