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Automakers Reel as EV Demand Plummets

Automakers Reel as EV Demand Plummets

The EV industry is facing…

Finance / the Economy

Kazakhstan Targets Fintech to Boost Revenue and Curb Tax Evasion

Feb 27, 2024 at 09:13 | Eurasianet

After Kurmet, a hairdresser in Kazakhstan’s business capital, Almaty, finished a cut earlier this month, the customer reached for his phone to pay. This has been…

Supply Chain Challenges Could Boost Air Cargo Demand

Feb 21, 2024 at 07:59 | ZeroHedge

By Eric Kulisch of FreightWaves Air Canada expects the slow recovery in cargo volume that began in the fourth quarter to quicken in…

European Commission Downgrades Growth Forecast for 2024

Feb 15, 2024 at 07:55 | City A.M

Growth in the eurozone will be slower than previously expected as the bloc continues to struggle with inflationary pressures and high interest rates, according to new forecasts from…

2024 Will Be a Critical Year for the Global Economic System

Jan 29, 2024 at 08:26 | Gail Tverberg

We know that the age of peak performance for humans varies, depending upon the activity. Peak performance for an athlete tends to come between ages 20 and 30, while peak…

China's Plunge Protection Team Mulls Trillion Yuan Bailout

Jan 23, 2024 at 07:58 | ZeroHedge

Earlier today, we lamented the latest implosion in Chinese markets, which we discussed in "China Stocks Crash Through 'Snowball Derivatives' Trigger Levels Overnight",…

China’s Monetary Policy: A Tightrope Walk by the PBoC

Jan 22, 2024 at 07:47 | City A.M

The People’s Bank of China (PBoC) kept its loan prime rates unchanged on Monday, despite concerns about a potential downturn in the property sector, a slowing economy, and subdued investor…

China Hits 5.2% Growth Target Despite Population Challenges

Jan 17, 2024 at 08:06 | City A.M

China faced a complex economic landscape as its economy expanded by 5.2% in 2023, while the population saw a decline of 2 million. These contrasting…

Big Three Automakers Rebound After Turbulent 2023

Jan 09, 2024 at 07:06 | Metal Miner

Via Metal Miner While the index remained sideways for most of 2023, the automotive industry itself witnessed its fair share of shifts. For…

UK Manufacturing Sector Plunges Deeper Into Crisis

Jan 03, 2024 at 07:41 | City A.M

The UK’s manufacturing sector fell deeper into contraction in December, while business optimism fell to its lowest level in a year, a closely watched survey suggested.

Record Declines in Grain Prices May Ease Global Food Crisis

Jan 02, 2024 at 07:02 | ZeroHedge

Despite the El Nino-related weather disturbances affecting key agricultural areas globally and the disruptions in the Black Sea stemming from the war in Ukraine, there is encouraging data…

Why Investors Should Keep an Eye on the Bank of Japan in 2024

Dec 29, 2023 at 08:08 | City A.M

A long-awaited change in Japan’s monetary policy framework is one of the things that investors will be paying close attention to in 2024. For decades, Japan…

Car Ownership is More Expensive Than Ever

Dec 22, 2023 at 09:56 | ZeroHedge

Thinking of buying a vehicle soon? Rising car ownership costs might cause you to think again. Owning a truck or car…

Eurozone PMIs "Paint A Disheartening Picture" Of The Economy

Dec 15, 2023 at 09:02 | ZeroHedge

On the heels of Christine Lagarde's more-hawkish-than-The-Fed comments yesterday, the European Union's economy appears to be deteriorating faster than anticipated. The Euro area composite flash PMI fell by…

Economic Momentum Wanes in Eurozone as Borrowing Costs Soar

Nov 17, 2023 at 08:01 | City A.M

The European Commission has downgraded its forecasts for growth across the eurozone this year and next as economic activity in the bloc stumbles in the face of higher…

China’s Central Bank Says Economy On Track To Achieve 5% Growth Target

Nov 09, 2023 at 08:39 | City A.M

China is anticipated to achieve its annual gross domestic product (GDP) growth target this year, with a focus on transitioning to a high-quality and sustainable expansion model, according…

Freight Broker Bankruptcies Loom As Debt Woes Persist

Oct 24, 2023 at 08:09 | ZeroHedge

On Wednesday, FreightWaves reported that Convoy was winding down operations. Earlier in the morning, I had started writing an article about liquidity issues…

Can Ecuador’s New President End The Security Crisis And Rebuild The Economy?

Oct 20, 2023 at 07:13 | Matthew Smith

In a surprise development, center-right businessman Daniel Noboa defeated leftist lawyer Luisa González last Sunday to become Ecuador’s youngest-ever president. The election, triggered by incumbent president Guillermo Lasso’s decision to…

Rising Rates, Geopolitical Tensions, And Debt Maturities Create Risky Mix

Oct 18, 2023 at 06:47 | ZeroHedge

Many investors are warning of the risk of a debt crisis, but governments are ignoring all the signals. In an inflationary crisis, the government should reduce…

JPMorgan CEO Dimon: World Is Facing Most Dangerous Time In Decades

Oct 13, 2023 at 08:27 | City A.M

Jamie Dimon, chief executive of JP Morgan, said the early 2020s were shaping up to be “the most dangerous time the world has seen in decades” as the Wall Street…

Detroit's Auto Giants Reel As UAW Strikes Bite Hard

Sep 22, 2023 at 08:15 | ZeroHedge

One week ago, when previewing the three events that are about to slam U.S. GDP in the tail end of the 3rd and the 4th quarter (including the…

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