Tag #Economic Downturn

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edition.cnn.com
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Hermès Overtakes LVMH as Europe's Top Luxury Company

Due to disappointing first-quarter results, particularly weak US and Chinese sales, LVMH lost its position as Europe's largest luxury company to Hermès on Tuesday, with LVMH's market capitalization falling to €246 billion versus Hermès' €247 billion.

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44% Bias Score

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welt.de
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Mahle Posts €22 Million Profit Despite Revenue Drop, Cautious on 2024 Outlook

German automotive supplier Mahle reported a €22 million net profit in 2023 despite an 11% revenue drop to €11.7 billion, driven by operational improvements and restructuring, including a 4,665 employee reduction; however, the company anticipates a cautious 2024 due to US tariffs and subdued market d...

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24% Bias Score

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theglobeandmail.com
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Career Preparedness Amidst Political and Economic Uncertainty

Amidst heightened uncertainty caused by recent political developments, the article offers practical advice for career preparedness, including resume updates, skill assessments using the CARS method, and the cultivation of a flexible mindset and collaborative work attitude.

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44% Bias Score

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lefigaro.fr
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US Tariffs Trigger Global Market Crash

US tariffs targeting Japan and other countries triggered a sharp 5% drop in the Tokyo Stock Exchange on Wednesday, causing the yen to surge and other Asian markets to experience significant declines, including Taiwan (-5.8%), Sydney (-2.04%), and Jakarta (-0.3%), while oil prices fell to four-year l...

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aljazeera.com
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Trump's Tariffs Trigger Global Market Meltdown

President Trump's new tariffs, ranging from 10 percent to 50 percent on imports from numerous countries, triggered a massive global stock market sell-off on Monday, with major indexes in Asia plummeting by as much as 10 percent and US futures indicating further steep losses, amid fears of a trade wa...

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taz.de
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Global Stock Markets Crash Amid US-China Trade War

Following President Trump's sweeping tariffs and China's countermeasures, global stock markets plummeted on Monday, with the German Dax index falling roughly 10 percent and Asian markets experiencing double-digit losses.

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40% Bias Score

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theguardian.com
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Starbucks UK Posts £35 Million Loss, Pays No Corporation Tax

Starbucks's UK retail arm reported a £35 million loss for the year to 29 September 2024, resulting in zero corporation tax, despite £525.6 million in sales, due to £40 million in royalty payments to its parent company amidst economic challenges, a consumer boycott, and increased competition.

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56% Bias Score

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nbcnews.com
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CEO Recession Fears Surge to 62% Amid Tariff Uncertainty

A survey of over 300 CEOs in April 2025 revealed that 62% expect a U.S. recession in the next six months, up from 48% in March, driven by concerns over President Trump's tariffs and declining business conditions.

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44% Bias Score

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lefigaro.fr
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Global Markets Rebound After Sharp Tariff-Driven Decline

Global stock markets experienced a sharp decline following President Trump's tariff announcement on April 2nd, with major European and Asian indices experiencing double-digit percentage losses before rebounding slightly on Tuesday; however, the situation remains volatile.

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bbc.com
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UK Mortgage Rates Fall After Trump Tariffs

Due to the fallout from US tariffs, UK mortgage lenders like Coventry Building Society are cutting rates, with the average two-year fixed rate falling to 5.3%, while the Bank of England is expected to make more interest rate cuts than previously predicted.

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24% Bias Score

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arabic.cnn.com
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Global Markets Crash Amidst Escalating US-China Trade War

Global markets plummeted on Monday, with major indices experiencing double-digit percentage drops in response to a 34% tariff imposed by the US on Chinese goods, followed by a similarly retaliatory move by China, escalating the trade war between the two nations.

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56% Bias Score

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lemonde.fr
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Trump Tariffs Trigger Global Market Crash

Donald Trump's newly implemented tariffs, ranging from 10% to 34%, caused major global market declines on April 7th, with Asian markets experiencing significant drops and US futures indicating a substantial fall on Wall Street; oil prices also fell sharply.

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52% Bias Score

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Showing 73 to 84 of 171 results