Tag #Economic Downturn

Showing 157 to 168 of 171 results

forbes.com
🌐 75% Global Worthiness
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Cleveland-Cliffs Stock Plummets 50% Amidst Weak Steel Demand

Cleveland-Cliffs' stock has fallen 50% year-to-date due to weak steel demand, underperforming the S&P 500 and its peers; however, a recent acquisition and projected demand rebound offer potential for recovery.

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56% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 75% Global Worthiness
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Saxony's Economy to Contract in 2024 Due to Automotive Crisis

Saxony's economy is projected to contract by 0.5 percent in 2024, underperforming East Germany (0.3 percent growth) and Germany (-0.1 percent), mainly due to the automotive industry's crisis impacting Volkswagen's 10,000+ Saxon employees and causing wider industrial decline (2.4 percent vs East Germ...

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40% Bias Score

Decent Work and Economic Growth
liberation.fr
🌐 75% Global Worthiness
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French Construction Industry Faces Steep Decline, 100,000 Job Losses Predicted

France's construction industry faces a projected 6.6% activity drop in 2024 and 5.6% in 2025, driven by decreased new construction due to inflation and high interest rates, potentially resulting in 100,000 job losses in 2025 if government aid fails to materialize. New housing construction fell by 21...

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48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 75% Global Worthiness
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Bavarian Construction Industry Faces Sharp Decline in 2024

Bavarian construction firms are experiencing a significant downturn, with projected revenue declines of 3-5% in 2024 and 56% of firms anticipating further decreases in 2025 due to decreased orders across all sectors, including housing, public works, and commercial construction, stemming from increas...

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40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis

Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.

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36% Bias Score

lexpansion.lexpress.fr
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French Job Losses and European Industrial Crisis

Mass job losses hit France and Europe, impacting various sectors due to global competition and economic shifts. The automotive industry is particularly affected, prompting calls for European-level solutions.

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0% Bias Score

theglobeandmail.com
🌐 75% Global Worthiness
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CWB's $40M Loan Loss Provision Tied to Trucking Collapse

Canadian Western Bank (CWB) reported lower-than-expected fourth-quarter profit, attributing $40 million to loan loss provisions primarily due to the collapse of trucking company Pride Group Holdings Inc., which flooded the market with used trucks, decreasing their value and impacting CWB's loan port...

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40% Bias Score

Decent Work and Economic Growth
mk.ru
🌐 85% Global Worthiness
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Russian Banks Slash Credit Limits Amid Economic Uncertainty

Russian banks are reducing credit limits for thousands of borrowers due to rising interest rates, high consumer debt, a new lending law, and economic uncertainty, impacting holiday spending plans and causing widespread consumer frustration.

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52% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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GM Ends Cruise Robotaxi Operations, Shifting Focus to Core Business

General Motors ended its Cruise robotaxi operations after spending over \$10 billion, citing high costs and market competition; the decision is expected to save over \$1 billion annually and refocus the company on core automotive and personal autonomous vehicle businesses.

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48% Bias Score

Industry, Innovation, and Infrastructure
welt.de
🌐 75% Global Worthiness
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German Steel Industry Faces Order Decline Despite Employment Growth

The German steel industry shows a 9.4% drop in orders in Q3 2024 compared to the previous quarter, despite a 1.7% employment increase year-on-year; however, major producers like Thyssenkrupp are planning job cuts, indicating a potentially negative long-term outlook.

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40% Bias Score

cnbc.com
🌐 65% Global Worthiness
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Target's Earnings Miss: Supply Chain Issues or Strategic Errors?

Analysis of Target's recent financial struggles, examining the role of supply chain disruptions, inventory management, and competitive pressures.

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48% Bias Score

Decent Work and Economic Growth
nos.nl
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Collapse of Germany's Traffic Light Coalition

Germany's traffic light coalition, formed by the SPD, Greens, and FDP, collapsed due to internal conflicts and policy disagreements, leading to early elections.

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0% Bias Score

Showing 157 to 168 of 171 results