This week Boeing made a decision that will have a severe impact on the American economy. On Tuesday, aircraft manufacturer announced its decision to halt production on its bestselling model which is the Boeing 737. As a result, starting from January Boeing will stop building its bestselling jet. As a reminder, Boeing 737 Max airplanes …
On Wednesday, Fiat Chrysler Automobiles (FCA) and French automaker Groupe PSA announced an agreement that will change the auto industry. As a result of this agreement, they will create the fourth-largest global automaker by volume. Moreover, it will be the third-largest by volume. This decision will influence the global economy. Groupe PSA consists of several …
The U.S and China are leaders when it comes to the economy. The U.S. has the largest economy, followed by China. The prolonged trade wat, which dates to 2018, created numerous problems for the economy in respective countries as well as around the world. Hopefully, last week the U.S. and China announced a “Phase one” …
The deal between DuPont and International Flavors & Fragrances (IFF) will create a new consumer goods giant. According to the information, on Sunday, it was announced that Dupont would merge its food and nutrition business with International Flavors & Fragrances. This new will influence the U.S. economy. It is important to mention that DuPont came …
DuPont and IFF created a new consumer goods giant Read More »
On Thursday, the U.S. Labor Department released information regarding the number of Americans who applied for unemployment benefits. This information is important as it helps learn more about the states of affairs in the U.S. economy. According to the Labor Department, the number of Americans who applied reached 252,000 for the week ended on December …
Boeing 737 is one of the most civilian airplanes in the world. Currently, it is the only narrow-body airliner produced by Boeing. This plane remains popular among airlines. However, due to the accidents, the newest version of Boeing 737 remains grounded. Aviation authorities made to suspend the operation of this type of aircraft several months …
Boeing 737 Max grounding could cost a lot of money Read More »
People from all over the world have at least some knowledge about the trade war between China and the U.S. The dispute started in 2018. However, the trade war is not over yet due to various reasons. The global economy is slowing down, and, in this situation, the unresolved trade war between the largest economies …
Economy: Last-minute agreement may save the situation Read More »
It is a well-known fact; Saudi Arabia is the second-largest oil-producing country in the world. Moreover, its state-owned company Saudi Aramco is the most profitable publicly listed company in the world. The oil industry has crucial importance for the local economy. Recently, Saudi Arabia announced a budget for 2020. According to the information, the kingdom’s …
The World Trade Organization is an intergovernmental organization and its history dates back to 1995. Its purpose is to deal with issues connected with international trade between countries. Also, it is an interesting fact that as part of the Marrakesh Agreement, it replaced the General Agreement on Tariffs and Trade. One of the most important …
On Thursday, the World Bank adopted a new plan to aid China. The bank stated that its board approved low-interest loans to this country. According to this plan, China will receive from $1 billion to $1.5 billion annually from the World Bank. The lending plan was adopted despite the objections of U.S. Treasury Secretary Steven …
The Reserve Bank of India (RBI), which is the central bank of the country, decided not to change the interest rates. The central bank made announced this decision on Thursday. Markets expected that due to the problems connected with the economy bank would reduce the interest rates. Moreover, the bank already decreased the rates five …
On Wednesday, payment processor ADP in cooperation with Moody’s analytics published information regarding the private-sector employment. According to an estimate, job growth failed to meet expectations. Problems connected with the job market will affect the U.S. economy. Economists expected that the U.S. labor market would add 150,000 jobs in November. The official information prepared by …
On Monday, the U.S. government stated that it might impose tariffs on French products ranging from handbags to makeup. According to this announcement the U.S. is ready to impose duties up to 100% on $2.4 billion in imports from France. The U.S. concluded that France violated the rights of American companies. According to the U.S. …
The world economy is slowing down. However, this is not the only reason to worry about the future of the economy. Another problem is that the global economy depends on debt, which is a serious issue in the long run. A decade of easy money created many problems for the private as well as governmental …
It is a well-known fact that Apple is one of the biggest tech companies in the world. Its products, such as iPhone, iMac, iPod, and others are famous for innovative technologies. The Cupertino-based company created many products that helped to make everyday life easier for millions of people. It is one of the biggest smartphone …
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