Tag #Economic Downturn

Showing 109 to 120 of 171 results

theguardian.com
🌐 75% Global Worthiness
News related image

Poundland Sale Mooted Amidst UK Retail Struggles

Pepco Group, Poundland's owner, is considering selling the struggling UK discount chain due to tough trading conditions and rising costs from upcoming tax increases, with annual earnings expected between €50m and €70m and sales in negative territory for January and February 2024.

Progress

36% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
News related image

UK Manufacturing Job Cuts Surge Amid Economic Downturn

British manufacturers cut staff at the fastest rate in almost five years in February, as the S&P Global Manufacturing Purchasing Managers' Index fell to a 14-month low of 46.9 amid declining new orders, supply chain issues, and upcoming tax and minimum wage increases.

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
News related image

Proactive Career Planning Amidst Layoff Threats

Facing potential layoffs, employees should proactively decide whether to accept a buyout or stay, create a transition plan, and prepare a compelling narrative for future employers, starting a job search early to beat competition; initial severance packages may be more generous.

Progress

32% Bias Score

Decent Work and Economic Growth
liberation.fr
🌐 85% Global Worthiness
News related image

Ynsect Files for Receivership After Failing to Secure Funding

Ynsect, a French insect-protein company that raised nearly €500 million, filed for receivership on February 17th after failing to find a buyer or secure additional funding, highlighting challenges in the insect-farming sector and the broader startup environment.

Progress

48% Bias Score

Responsible Consumption and Production
us.cnn.com
🌐 75% Global Worthiness
News related image

Starbucks to Lay Off 1,000 Workers, Cut Menu Items Amid Sales Decline

Starbucks announced Monday it will lay off over 1,000 corporate workers and cut 30% of its menu to reverse declining sales and revamp the coffee chain; the company's sales have been down for four straight quarters and hundreds of its stores have voted to unionize.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
News related image

Walmart Stock Plunges Despite Strong Sales Amidst Tariff Concerns and Retail Slump

Walmart shares fell over 6% despite a 4% rise in holiday revenue and a 20% surge in U.S. e-commerce sales, as the retailer cautioned over profit growth due to tariff concerns and a sharp drop in U.S. retail sales in January.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
News related image

Amazon Stock Dips Amidst Market Downturn; Strong Fundamentals Remain

Amazon.com stock fell over 3% on March 3rd due to President Trump's tariff confirmation, impacting the broader market; however, Amazon's strong financials and historical market resilience suggest minimal long-term concern despite its high valuation.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
News related image

Skoda to Cut 6,000 Jobs Amid Electric Vehicle Transition Challenges

Skoda plans to cut up to 6,000 jobs, or 15% of its global workforce, to offset the high costs of its electric vehicle transition amid a global decline in electric vehicle demand; this follows similar job cuts at Audi and Vauxhall.

Progress

36% Bias Score

Decent Work and Economic Growth
cnnespanol.cnn.com
🌐 75% Global Worthiness
News related image

Tropicana Faces Potential Bankruptcy Amidst Orange Shortage and Shifting Consumer Preferences

Facing potential bankruptcy, Tropicana's financial woes are caused by decreased orange production due to climate change-related disasters and disease, increased prices, and shifting consumer preferences, resulting in a 4% sales and 10% profit drop last quarter.

Progress

44% Bias Score

Zero Hunger
cnnespanol.cnn.com
🌐 75% Global Worthiness
News related image

Starbucks Cuts Jobs, Simplifies Menu to Reverse Sales Decline

Starbucks is laying off over 1,000 corporate employees and simplifying its menu by removing 30% of its items, including several Frappuccinos and lattes, to combat four consecutive quarters of declining sales caused by high prices, long wait times, and unionization efforts; CEO Brian Niccol aims to r...

Progress

36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
News related image

European Auto Component Sector Suffers 12.17% Stock Market Decline in 2024

The European automotive component sector faced a challenging 2024, marked by a 12.17% stock market decline, 54,000 job losses, and intensified competition from China, leading to uncertainty and challenges for companies like Valeo, Continental, and SMEs.

Progress

40% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
News related image

Mercedes-Benz Implements Cost Cuts Amidst Declining 2024 Profits

Mercedes-Benz announced a 4.4 percent revenue drop to "107.761 billion euros and a 40 percent adjusted operating profit decline to "8.677 billion euros in 2024, prompting cost-cutting measures targeting 10 percent production cost reduction by 2027 and a product offensive to restore double-digit sale...

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 109 to 120 of 171 results