Tag #Economic Downturn

welt.de
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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
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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
english.kyodonews.net
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Nissan Cuts 9,000 Jobs Amidst Financial Struggles

Nissan announces 9,000 job cuts and a 20% reduction in production capacity due to weak performance in the US and China.

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0% Bias Score

gr.euronews.com
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Job Cuts Hit European Retail and Auto Sectors

Major job cuts announced by French grocery chain Auchan and German auto parts maker Schaeffler reflect challenges in retail and automotive sectors.

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0% Bias Score

welt.de
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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

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

lexpress.fr
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Michelin Factory Closures in France

Michelin to close French tire factories, resulting in significant job losses.

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0% Bias Score