Europe is also staring at a similar scenario. According to financial data, with the outlook of Wall Street’s earnings facing a significant deterioration in recent months, the risk of the United States slipping into a recession has become a major… Read More ›
growth
Here is why Britain is a proud nation of shopkeepers
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry
With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low…. Read More ›
French drinks group Pernod Ricard needs to be more ambitious: Elliot Management
Elliot is pushing Pernod Ricard to boost its margin and growth potential and come on par with its British rival Diageo; it also wants better corporate governance from the group. Despite stating that French drinks group Pernod Ricard’s results were… Read More ›
Hyundai Motor reviewing optimization plans for its Chinese factories
For its full year, Hyundai Motors sees a flat sales growth. Hyundai Motor faces overcapacity at its Chinese plants. Following a slump in its car sales in China, Hyundai Motor stated, its Chinese joint venture is accepting voluntary retirements from… Read More ›
Eurozone’s industrial output at nearly 3-year low
The bulk of the fall in industrial output in the Eurozone can be attributed to weak investment appetite for capital goods, durable consumer goods, and non-durable consumer goods. On Monday, in what amounts to a confirmation of the series of… Read More ›
New Age Vehicles set for record growth in China
China’s Association of Automobile Manufacturers (CAAM) expects NEV sales to touch at least 1.6 million units in 2019. On Monday, China top automobile industry association stated, carmakers in the country are likely to face fiercer competition in 2019. Its statement… Read More ›
China to introduce stimulus measures, as U.S. trade action bites into its economic growth
Chinese Premier Li Keqiang has stated China will reduce the reserve requirement ratios (RRRs) for banks, and slash taxes and fees. Facing a multi-pronged trade action by the United States and the European Union, China, the world’s second largest economy… Read More ›
Economic pace of emerging nations slowing down due to downbeat in global economy
Emerging economies are expected to take longer to outpace the growth of developed economies, as per a forecast by Centre for Economics and Business Research. According to a report from the Centre for Economics and Business Research, the economic… Read More ›
Inditex reports $2.7 billion in net profits, records 4% growth in third quarter
Inditex is the world’s biggest clothing retailer. Its strategic decision to not provide discounts from September, unlike its peers, have contributed to its continued growth. Inditex, the world’s biggest clothing retailer, has reported a net profit of $2.7 billion (2.4… Read More ›