On Saturday, Lebanon declared that it couldn’t pay forthcoming maturities. The first part of which is a $1.2 billion bond, the country was supposed to pay on Monday. Moreover, the country’s prime minister Hassan Diab called for fair restructuring negotiations. According to the country’s economy minister, it shouldn’t take more than nine months to reach …
On Thursday, the largest independent regional airline in Europe, Flybe, filed for administration and ceased all operations. Falling demand, as well as the coronavirus outbreak, dealt the final blow to the carrier. It is worth mentioning that Flybe grounded all flights as it enters administration. Moreover, the once-thriving carrier informed the passengers; it does not …
Europe’s Largest Regional Airline Flybe Ceased to Exist Read More »
The world’s second-largest economy is struggling to deal with the coronavirus outbreak. Moreover, China’s economy could plunge into its first contraction in decades. Last month, companies had to cope with various problems. They struggled to reopen their factories, shops, etc. Furthermore, it was hard to hire workers as Chinese authorities-imposed travel restrictions and closed factories …
The Group of Seven, or as it is known, G-7, is an international intergovernmental economic organization. Some of the most developed countries are part of this organization. For example, the United States, as well as Japan, the United Kingdom, etc. This organization has the potential to affect the global economy. On Tuesday. Officials of most …
Supply chains in the American market slowed down in February with less orders contracted worldwide. This reflected worries related to supply chains affected by the coronavirus, which promptly reignited fears of a global recession. Construction spending also increased by the most in nearly two years in the same month. It previously hit a record high …
American Results Show Less Selling and More Buying Read More »
The Italian economy was already struggling to deal with problems even before the coronavirus outbreak. However, the ongoing virus outbreak complicated the situation. Moreover, Italy was the first country in Europe to report a major surge in cases of the coronavirus. Italian authorities-imposed travel restrictions in the north of the country. This way, they are …
U.S. President Donald Trump likes to talk about the economy and how it flourished during his time in office. In 2019, for the second year in a row, annul growth fail to reach 3%. For example, in 2019, the economy grew by 2.3%. As a reminder, the Trump administration’s goal was to reach 3%. On …
U.S. Commerce Department and Last Quarter of 2019 Read More »
U.S. President Donald Trump’s proposed federal budget for 2021 is a severe blow for small businesses. Trump is proposing to eliminate or drastically reduce the aid to small businesses. It is important to mention that such cuts result in insignificant savings. Moreover, recommended budget cuts will have a dramatic impact on small businesses. Hopefully, presidential …
The Impact of Federal Budget on the Small Businesses Read More »
The Asian financial hub is struggling to deal with economic problems. It is trying to save its slumping economy as protests along with coronavirus outbreak represent a serious challenge for Hong Kong. On Wednesday, Hong Kong’s government made an unusual decision. It plans to give 10,000 Hong Kong dollars (about $1,280) to all permanent residents …
Ongoing coronavirus outbreak caused a lot of problems not only for China’s economy but for the global economy in general. Analysts, investors, and others are closely monitoring the situation. As a reminder, China extended this year’s Lunar New Year holiday as well as imposed travel restrictions to the virus outbreak. Many of the provinces started …
Ongoing coronavirus outbreak, along with pre-existing weaknesses, may cause serious problems for the top economies. Moreover, the coronavirus continues to spread, and there are signs that some of the top economies are moving towards the recession. For example, the world’s third-largest economy fell 1.6% in the fourth quarter of 2019. The country had to deal …
Last week, the number of Americans filling, for state unemployment benefits rose by 4,000 to a seasonally adjusted 210,000 for the week ended on February 15. The Labor Department provided this information. However, the labor market remains in a strong position despite the risks connected with coronavirus and week business development. As a result, the …
U.S. economy continues to grow for more than ten years. Moreover, current economic expansion is the longest in U.S. history. Moreover, the U.S. has the largest economy in the world. In this situation, some people may think that labor strikes are all but nonexistent. However, this is not the case. In 2019 forty-six thousand General …
South America’s second-largest country is on the cusp of another devastating default according to analysts. Meanwhile, international investors are closely monitoring the situation, as they would like to know how Argentina’s government would handle these problems. It is important to mention that Argentina needs to restructure $100 billion in debt. Out of $100 billion, the …
Argentina’s Debt Crisis and the International Monetary Fund Read More »
U.S. carmaker General Motors made the decision to discontinue the iconic Holden brand. On Sunday, the Detroit automaker announced that it would gradually close its sales, design and engineering operation Australia and New Zealand. Moreover, it will discontinue its Holden brand by 2021. Interestingly, the Holden brand dates back to the 19th century. Moreover, General …
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