Tag #Economic Downturn

Showing 85 to 96 of 171 results

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

Decent Work and Economic Growth
gr.euronews.com
🌐 90% Global Worthiness
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Global Market Crash Amidst Escalating Trade War

Monday's global stock markets experienced a sharp sell-off, driven by new US tariffs, resulting in the Euro STOXX 50 falling 6%, STOXX 600 down 5.7%, and the Hang Seng Index plummeting 13%, reflecting wider concerns about economic slowdown and inflation.

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56% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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Webasto Announces 650 Job Cuts in Germany

Webasto, a German automotive supplier, announced 650 job cuts at its German sites on Wednesday, citing market challenges including the transition to e-mobility and increased costs, following 1300 job cuts in 2022 and a €195 million loss in 2023.

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24% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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US Economic Downturn Fuels Shift in Fashion and Beauty Consumption

Amid the US economic downturn, consumers are increasingly purchasing maximalist clothing and small beauty luxuries, mirroring historical trends and indicating a shift toward nostalgic styles and affordable indulgences.

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24% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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Kodi Sells 150 Stores, 80 to Close Amidst Insolvency

Kodi, a German discount retailer facing insolvency, has agreed to sell 150 of its 230 stores, retaining around 1200 employees, while 80 stores with approximately 480 employees will close, though further investor talks are ongoing.

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32% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Record-High US Credit Card Debt Fuels Demand for Forgiveness Programs

US consumers ended 2024 with \$1.21 trillion in credit card debt, a \$45 billion increase from the previous quarter, leading to higher delinquency rates. Debt forgiveness programs offer relief, but require planning and take two to four years.

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48% Bias Score

Reduced Inequality
elmundo.es
🌐 90% Global Worthiness
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Asian Markets Crash After Trump Reaffirms Global Tariffs

On Monday, Asian markets crashed following President Trump's announcement of global tariffs, with the Nikkei 225 falling almost 9%, the Hang Seng dropping over 8%, and the CSI 300 plunging 7.6%, reflecting immediate market reaction to increased trade uncertainty; China retaliated with tariffs while ...

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52% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Market Crash Exacerbates Social Vulnerabilities, Underscoring the Importance of Impact Leaders

A \$5 trillion loss in the S&P 500 in two days, following the "Liberation Day" announcement, is predicted to cause rising inflation, job losses, and increased demand for social services, while simultaneously decreasing funding for the organizations that provide these services, making impact leaders ...

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40% Bias Score

No Poverty
lemonde.fr
🌐 65% Global Worthiness
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GiFi Cuts 300 Jobs, Closes 11 Stores Amidst Restructuring

French retailer GiFi, financially restructured in January 2024, announced on April 3rd a plan to cut 5% of its 6,000-person workforce and close 11 stores, impacting 302 employees, due to competition and internal issues, despite a debt write-off of €470 million from banks.

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36% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 75% Global Worthiness
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Bax Music Files for Bankruptcy

Bax Music, the largest online music retailer in the Benelux, filed for bankruptcy protection due to substantial debt stemming from internal shareholder conflicts, the COVID-19 pandemic's impact on the music industry, and a €10 million fire.

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48% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 75% Global Worthiness
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Shell to Review Chemical Divisions, Potential for European Closures

Shell is reviewing its global chemical divisions, potentially leading to closures or partial shutdowns in Europe due to high energy costs, strict regulations, and challenging market conditions; this impacts the Netherlands' chemical industry producing basic materials for various products, following ...

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40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 65% Global Worthiness
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Melbourne's Affluent Suburbs See Highest House Sale Discounts

In Melbourne, affluent suburbs like Stonnington (9.5 percent discount) and Yarra (9.4 percent) show the largest price reductions in house sales (excluding units) over six months to February, reflecting a market downturn impacting the high-end sector, although recent interest rate cuts show some buye...

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36% Bias Score

Reduced Inequality

Showing 85 to 96 of 171 results