Tag #Economic Downturn

Showing 25 to 36 of 171 results

liberation.fr
🌐 75% Global Worthiness
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Carrefour Exits Italian Market, Selling 1188 Stores for Symbolic Price

Carrefour is selling its entire Italian branch to NewPrinces for a symbolic price after experiencing declining sales and profitability in 2024, leading to a €240 million loss but a €200 million investment commitment from the buyer to improve the business.

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Canada's Housing Market Slumps, Government Considers Intervention

Canada's housing market is experiencing a downturn with falling home prices, cancelled projects, and job losses, forcing the federal government to consider intervening despite risks associated with loosening mortgage insurance rules.

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52% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
🌐 75% Global Worthiness
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Canada Explores Housing Market Intervention Amidst Sales Slump

Canada's housing market faces a downturn with slumping sales and project cancellations, prompting the federal government to consider interventions like expanding the GST exemption for first-time homebuyers and potentially removing municipal development charges to stimulate the market and address a h...

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44% Bias Score

Sustainable Cities and Communities
forbes.com
🌐 75% Global Worthiness
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Avelo Airlines Closes West Coast Operations Amidst Industry Downturn

Avelo Airlines, launched in 2021, is closing its West Coast base at Burbank Airport and ending West Coast service due to decreased 2025 domestic leisure travel demand and low cash reserves, despite having flown 7.4 million customers.

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48% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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ZF Workers to Protest Cost-Cutting Measures

On July 29th, 5,000 ZF Friedrichshafen employees will protest against new cost-cutting measures, including cuts to above-scale benefits, following previous work hour reductions and planned job cuts of up to 14,000 in Germany by 2028, as the company attempts to address over a billion euro loss in 202...

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40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Corporate Layoffs: Short-Term Gains, Long-Term Pain

Major corporations are conducting widespread layoffs to boost efficiency, but this approach carries significant risks, including loss of institutional knowledge, decreased employee morale, and potential damage to the company's reputation.

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56% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Bosch Announces Over 1,500 Job Cuts in Germany Amidst Automotive Market Challenges

Bosch plans to cut over 1,500 jobs in Germany, primarily in Reutlingen and at its Bosch Engineering subsidiary, due to falling vehicle production numbers, increased competition, and pressure on pricing in the automotive control unit market, leading to workforce reductions to ensure future competitiv...

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40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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German Steel Production Plunges 12% Amidst Economic Crisis

Germany's steel production fell nearly 12 percent in the first half of 2025 to 17.1 tons due to foreign competition and weak domestic demand, mirroring 2009 crisis levels; Thyssenkrupp is cutting 11,000 jobs.

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56% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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German Chemical Industry Reports Sharp Decline, Warns of Downward Spiral

The German chemical industry reported a 1% decrease in overall production in the first half of 2025, with chemical sales down 2% and production down 3%, while the pharmaceutical sector saw production rise 2% and sales 5%; the VCI president warned of an impending downward spiral due to order shortage...

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52% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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5,000 ZF Employees to Protest Planned Benefit Cuts

ZF's workforce will protest against planned benefit cuts on July 29th in Friedrichshafen, Germany, coinciding with a supervisory board meeting; the protest follows announcements of drastic cost-cutting measures and a loss of confidence in management, with 5,700 jobs already cut this year and plans f...

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Metro Vancouver Real Estate Market Faces Foreclosure Surge

Metro Vancouver's real estate market faces a crisis with a surge in foreclosures and abandoned presale contracts, impacting various property types, driven by overvalued properties and reliance on offshore buyers, potentially leading to more affordable housing but necessitating systemic changes.

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40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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US Condo Prices Plummet Amidst Rising Costs and Increased Supply

US condo prices fell 2.2 percent year-over-year in May to \$354,100, with Florida and Texas seeing the sharpest declines exceeding 30 percent in some areas due to increased supply, rising HOA fees, insurance costs, and stricter regulations.

Progress

52% Bias Score

Reduced Inequality

Showing 25 to 36 of 171 results