The world’s one of the largest carmakers plans to change the business model it inherited from the previous CEO. Nissan will eliminate at least 4,300 white-collar jobs around the globe. Moreover, the carmaker will close two manufacturing sites. As a result, Nissan will be able to add at least 480 billion yen ($4.4 billion) to …
The U.S. has the largest economy in the world. Current economic expansion is the longest one in modern U.S. history. Hopefully, the U.S. economy will continue to grow in 2020 as well. On Monday, the National Association for Business Economics (NABE) released a survey that supports this position. According to the respondents, America’s gross domestic …
Nat. Association for Business Economics and U.S. Economy Read More »
The world’s second-largest economy is struggling to contain the virus that already killed more than 20 people. This is a serious challenge not only for China but for other countries as well. The World Health Organization described the situation as an emergency for China. However, the organization did not call it an emergency for the …
Swiss banks are famous around the world. People from different parts of the globe are using their services. However, the situation is changing as some wealthy savers are looking for other options. The negative interest rates are to be blamed as wealthy clients are not happy with the current situation. According to the Swiss private …
U.S. threatened to impose tariffs on U.K. carmakers. According to the U.S. treasury secretary Steven Mnuchin. The Trump administration plans to impose the tariffs if the U.K. doesn’t change its decision regarding a new tax on tech companies. This tax may affect trade between the countries. Chancellor Sajid Javid attended the World Economic Forum in …
Airlines are struggling to contain the damage as Boeing 737 Max remains on the ground for more than six months. This is not the only problem for airlines around the world. Recently, they received another bad news connected with 737 Max. On January 7, Boeing recommended using a simulator. However, the company did not specify …
The Lack of Boeing 737 Max Simulators and Airlines Read More »
It was a tough year for the carmakers around the globe. The global auto industry is struggling to deal with problems as sales fell by more than 4%. This year it won’t be easy to improve the situation. The number of vehicles sold in major global markets declined to 90.3 million in 2019. Based on …
Last week, U.S. and China signed the “phase one” trade deal. As part of the agreement, China will import a further $33 billion of manufactured goods in 2020. Moreover, this number will reach $45 billion in 201 in comparison with 2017. China has multiple options on how to achieve this goal. For instance, China might …
Phil Hogan became the European Commissioner for Trade on December 1, 2019. He arrived in Washington D.C., to discuss various issues with U.S. officials. As part of his first official visit, he met with U.S. Trade Representative Robert Lighthizer as well as with Treasury Secretary Steven Mnuchin. Hogan discussed the details of his visit on …
EU Trade Commissioner’s Visit to Washington, D.C. Read More »
The trade war between the U.S. and China dates back to 2018. The trade dispute between the largest economies in the world can be regarded as one of the biggest disputes between the countries. Both sides did not hesitate to impose tariffs; as a result, this created serious risks for the global economy. Moreover, the …
Zambia has the third-largest economy in Southern Africa. Nevertheless, it is struggling to cope with economic conditions. Based on the preliminary information, the country’s sovereign debt will reach 96% of gross domestic product (GDP) in 2020. China provided billions of dollars of loans for various infrastructure projects to several Sub-Saharan countries. The world’s second-largest economy …
The excessive amount of debt continues to affect the economy in 2020. This problem started a long time ago, but it far from being over for various reasons. Unfortunately, the situation is not improving. Moreover, by the end of September 2019, a global debt almost reached a record of $252 trillion. According to the Institute …
The Communist Party of China is the ruling political party since 1949. During the last 70 years, China transformed from the agrarian to society to the industrial powerhouse. Moreover, its economy is the second-largest in the world. Millions of people improved their living standards and government plans to eradicate poverty. However, without a strong economy, …
The trade war between the U.S. dates back to 2018. The dispute between the two largest economies in the world created many problems for the global economy. It is not surprising because, in the modern world, where everything is connected, it is hard to avoid serious issues. It is important to mention that distrust between …
The “Phase one” trade deal and its influence on the economy Read More »
Recently, the World Bank published its Global Economic Prospects report. Based on the report, the world economy is likely to expand by 2.5% in 2020. It means that in comparison with 2019, the global economy will be only slightly faster as in 2019, the economy grew 2.4%. It is worth mentioning, economic growth in 2019 …
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