Tag #Economic Slowdown

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bbc.com

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May 1, 22:14

McDonald's US Sales Plunge 3.6% Amidst Economic Uncertainty

McDonald's US same-store sales plummeted 3.6% in Q1 2025, the steepest drop since June 2020, due to rising prices, economic uncertainty, and the impact of recent tariffs, coinciding with a 0.3% US economic contraction.

McDonald's US Sales Plunge 3.6% Amidst Economic Uncertainty

McDonald's US same-store sales plummeted 3.6% in Q1 2025, the steepest drop since June 2020, due to rising prices, economic uncertainty, and the impact of recent tariffs, coinciding with a 0.3% US economic contraction.

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No Poverty

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How do the economic conditions in the US and the recent tariff announcements contribute to the decrease in McDonald's sales?

The downturn in McDonald's US sales reflects broader economic uncertainty in the US, impacting consumer confidence and spending habits. The decline follows months of efforts by McDonald's to boost sales through promotions, but these measures proved insufficient to offset the impact of economic concerns and rising prices. The contraction in the US economy, coupled with tariff uncertainty, exacerbated the situation.

dw.com

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Apr 30, 22:12

US Judge Orders Release of Detained Palestinian Student

A US judge ordered the release of Palestinian student Mohsen Mahdawi, a legal permanent resident detained for two weeks following a citizenship interview due to his activism advocating for Palestinian human rights. The ruling highlights ongoing concerns regarding free speech and immigration policies...

US Judge Orders Release of Detained Palestinian Student

A US judge ordered the release of Palestinian student Mohsen Mahdawi, a legal permanent resident detained for two weeks following a citizenship interview due to his activism advocating for Palestinian human rights. The ruling highlights ongoing concerns regarding free speech and immigration policies...

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Peace, Justice, and Strong Institutions

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What are the immediate implications of Judge Crawford's decision to release Mohsen Mahdawi, and what does it signify for the intersection of free speech and immigration policies in the US?

US District Judge Geoffrey Crawford ordered the release of Palestinian student Mohsen Mahdawi from immigration detention. Mahdawi, a legal permanent resident for 10 years, had been held for two weeks following his citizenship interview, due to his activism advocating for Palestinian human rights. This highlights ongoing concerns regarding free speech and immigration policies.

kathimerini.gr

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Apr 30, 19:21

US GDP Shrinks 0.3% in Q1 2024 Amidst Trade Deficit Surge

The US economy contracted by 0.3% in Q1 2024, the first decline since 2022, primarily due to a 4.83 percentage point increase in the trade deficit caused by a 41.3% surge in imports, exceeding export growth and dampening consumer spending despite a 1.8% rise.

US GDP Shrinks 0.3% in Q1 2024 Amidst Trade Deficit Surge

The US economy contracted by 0.3% in Q1 2024, the first decline since 2022, primarily due to a 4.83 percentage point increase in the trade deficit caused by a 41.3% surge in imports, exceeding export growth and dampening consumer spending despite a 1.8% rise.

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Decent Work and Economic Growth

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How did increased imports and government spending cuts contribute to the economic slowdown?

The economic slowdown reflects a confluence of factors: increased imports of both consumer goods and equipment, reduced government spending due to Trump administration cuts, and the impact of tariffs. Higher tariffs, intended to boost domestic production, seem to have initially spurred preemptive consumer purchases, followed by a slowdown as prices adjusted. This pattern suggests potential unintended consequences of protectionist policies.

liberation.fr

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Apr 30, 22:12

STMicroelectronics Announces 1,000 Job Cuts in France

STMicroelectronics plans to cut about 1,000 jobs in France voluntarily, following a global announcement of up to 2,800 job reductions, amidst a slowdown in the electric vehicle market and internal shareholder conflicts, despite receiving substantial government subsidies.

STMicroelectronics Announces 1,000 Job Cuts in France

STMicroelectronics plans to cut about 1,000 jobs in France voluntarily, following a global announcement of up to 2,800 job reductions, amidst a slowdown in the electric vehicle market and internal shareholder conflicts, despite receiving substantial government subsidies.

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Decent Work and Economic Growth

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What are the immediate impacts of STMicroelectronics' job cut announcement on its French workforce and the broader French economy?

STMicroelectronics, a semiconductor manufacturer, announced plans to cut approximately 1,000 jobs in France, a move the company claims will be voluntary. This follows an earlier announcement of up to 2,800 job cuts globally. The French workforce will see 1000 voluntary departures, 2500 internal transfers and 300 natural attrition.

welt.de

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Apr 30, 19:21

Saxony's Unemployment Remains High Despite Slight Drop

Saxony's April unemployment decreased by 2,000 to 148,000, but remained 8,900 higher year-on-year, exceeding the national average at 6.9 percent; economic uncertainties affected businesses; regional disparities show increased unemployment in Leipzig and Chemnitz, while Vogtlandkreis decreased by 5.1...

Saxony's Unemployment Remains High Despite Slight Drop

Saxony's April unemployment decreased by 2,000 to 148,000, but remained 8,900 higher year-on-year, exceeding the national average at 6.9 percent; economic uncertainties affected businesses; regional disparities show increased unemployment in Leipzig and Chemnitz, while Vogtlandkreis decreased by 5.1...

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Decent Work and Economic Growth

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How do regional unemployment variations within Saxony reflect differing economic structures and governmental response?

Economic uncertainties and global risks are impacting Saxon businesses, leading to a weaker than expected spring increase in employment. Regional differences exist: Leipzig and Chemnitz show rising unemployment, while Vogtlandkreis experienced a 5.1% decrease. Overall, Saxon employment decreased by 8,500 compared to February 2024.

smh.com.au

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Apr 28, 01:16

ASX 200 Set for Flat Open Amidst US-China Trade Tensions

Australia's ASX 200 is poised for a flat open on Monday, following Wall Street gains, while investors await crucial Australian inflation data this week that may lead to an interest rate cut. Concerns remain over US-China trade tensions and their global economic effects.

ASX 200 Set for Flat Open Amidst US-China Trade Tensions

Australia's ASX 200 is poised for a flat open on Monday, following Wall Street gains, while investors await crucial Australian inflation data this week that may lead to an interest rate cut. Concerns remain over US-China trade tensions and their global economic effects.

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Decent Work and Economic Growth

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How are rising inflation expectations and the outflow of foreign investment from US equities affecting global market sentiment?

The seemingly positive market performance is juxtaposed against significant underlying economic anxieties. US consumer sentiment is at record lows due to tariff-related economic fallout, while long-term inflation expectations are at their highest since 1991. This unease is reflected in the $63 billion outflow of foreign investment from US equities since March, largely driven by European investors.

abcnews.go.com

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May 1, 16:13

Jobless Claims Surge to Two-Month High Amidst Economic Slowdown

U.S. jobless claims unexpectedly jumped to 241,000 for the week ending April 26, the highest level in two months, exceeding analysts' predictions and adding to concerns about a tariff-induced economic slowdown following a 0.3% GDP decline in the first quarter; federal government layoffs are also con...

Jobless Claims Surge to Two-Month High Amidst Economic Slowdown

U.S. jobless claims unexpectedly jumped to 241,000 for the week ending April 26, the highest level in two months, exceeding analysts' predictions and adding to concerns about a tariff-induced economic slowdown following a 0.3% GDP decline in the first quarter; federal government layoffs are also con...

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What is the immediate impact of the rise in jobless claims and the first-quarter GDP decline on the U.S. labor market?

U.S. jobless claims surged to a two-month high of 241,000 for the week ending April 26, exceeding analysts' forecasts and signaling potential labor market softening. This increase, driven partly by increased imports before new tariffs took effect, follows a first-quarter GDP decline of 0.3%. The total number of Americans receiving unemployment benefits also rose to its highest level since November 2021.

cbsnews.com

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Apr 30, 19:21

U.S. GDP Unexpectedly Contracts 0.3% in Q1 2025 Amid Trump Tariffs

The U.S. economy shrank by 0.3% in Q1 2025, a sharp decline from 2.4% growth in Q4 2024, primarily due to businesses front-loading imports ahead of President Trump's new tariffs and a 5.1% decrease in government spending; weak employment data adds to recession fears.

U.S. GDP Unexpectedly Contracts 0.3% in Q1 2025 Amid Trump Tariffs

The U.S. economy shrank by 0.3% in Q1 2025, a sharp decline from 2.4% growth in Q4 2024, primarily due to businesses front-loading imports ahead of President Trump's new tariffs and a 5.1% decrease in government spending; weak employment data adds to recession fears.

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Decent Work and Economic Growth

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What is the primary cause of the sharp slowdown in U.S. economic growth during the first quarter of 2025, and what are its immediate consequences?

The U.S. economy contracted by 0.3% in Q1 2025, significantly below the projected 0.8% growth. This downturn is primarily attributed to businesses' preemptive stockpiling in anticipation of President Trump's new tariffs, artificially inflating imports and masking the true economic picture.

lefigaro.fr

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Apr 30, 13:13

Volkswagen's Q1 Net Profit Plunges 40.6% Amidst Rising Costs and Reduced Deliveries

Volkswagen reported a 40.6% drop in its first-quarter net profit to €2.19 billion, despite a 3% revenue increase to €77.56 billion, primarily due to lower deliveries of high-margin vehicles, increased fixed costs, and exceptional charges including provisions for EU CO2 targets and Cariad's restructu...

Volkswagen's Q1 Net Profit Plunges 40.6% Amidst Rising Costs and Reduced Deliveries

Volkswagen reported a 40.6% drop in its first-quarter net profit to €2.19 billion, despite a 3% revenue increase to €77.56 billion, primarily due to lower deliveries of high-margin vehicles, increased fixed costs, and exceptional charges including provisions for EU CO2 targets and Cariad's restructu...

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Decent Work and Economic Growth

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What were the primary factors contributing to Volkswagen's 40.6% decrease in net profit during the first quarter of 2024, despite increased global sales?

Despite a 3% rise in revenue to €77.56 billion and a 1.4% global increase in car deliveries, Volkswagen's net profit dropped 40.6% year-on-year to €2.19 billion in Q1 2024. This is due to lower deliveries of its most profitable luxury cars, increased fixed costs, and exceptional charges, including provisions for EU CO2 emission targets and Cariad software unit restructuring.

welt.de

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Apr 30, 13:13

Bafin Lowers Capital Buffer for German Residential Mortgages

Germany's Bafin lowered the capital buffer for residential real estate loans from 2 percent to 1 percent due to a cooling housing market, potentially leading to lower mortgage rates for consumers; however, economic uncertainties persist.

Bafin Lowers Capital Buffer for German Residential Mortgages

Germany's Bafin lowered the capital buffer for residential real estate loans from 2 percent to 1 percent due to a cooling housing market, potentially leading to lower mortgage rates for consumers; however, economic uncertainties persist.

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Reduced Inequality

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How does Bafin's assessment of market risks influence its decision regarding capital buffers for banks?

Bafin's decision reflects a market correction in the German residential real estate sector, characterized by decreased property values and higher interest rates since mid-2022. The move aims to stimulate the market by making mortgages more affordable, countering the effects of increased borrowing costs. However, Bafin acknowledges persistent economic uncertainties that could negatively impact the job market and increase loan defaults.

welt.de

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Apr 29, 16:13

Stihl Cuts 500 Jobs Amidst Economic Slowdown

German chainsaw manufacturer Stihl is cutting around 500 jobs globally due to economic challenges, with reductions primarily affecting administrative roles and no planned redundancies; despite a slight revenue increase in 2024 (€5.33 billion), this is below the pandemic peak.

Stihl Cuts 500 Jobs Amidst Economic Slowdown

German chainsaw manufacturer Stihl is cutting around 500 jobs globally due to economic challenges, with reductions primarily affecting administrative roles and no planned redundancies; despite a slight revenue increase in 2024 (€5.33 billion), this is below the pandemic peak.

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Decent Work and Economic Growth

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What is the immediate impact of the global economic downturn on Stihl's workforce and operational strategy?

Stihl, a German chainsaw and gardening equipment manufacturer, will cut approximately 500 jobs globally due to challenging economic conditions. The reductions will primarily affect administrative roles, with a focus on socially responsible measures like voluntary programs and natural attrition. No forced redundancies are planned.

lemonde.fr

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Apr 26, 16:13

France Announces €3.1 Billion in Budget Cuts for 2025

The French government announced €3.1 billion in budget cuts for 2025, impacting various ministries including Ecology (€549.6 million), Economy (€517.7 million), Research (€493.3 million), and Agriculture (€140 million), to meet deficit targets amidst a revised 0.7% growth forecast and geopolitical u...

France Announces €3.1 Billion in Budget Cuts for 2025

The French government announced €3.1 billion in budget cuts for 2025, impacting various ministries including Ecology (€549.6 million), Economy (€517.7 million), Research (€493.3 million), and Agriculture (€140 million), to meet deficit targets amidst a revised 0.7% growth forecast and geopolitical u...

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Reduced Inequality

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What specific actions did the French government take to address its 2025 deficit targets, and what immediate consequences resulted?

The French government announced €3.1 billion in budget cuts for 2025, part of a previously announced €5 billion reduction to meet deficit targets amidst slower economic growth. These cuts affect various ministries, including Ecology, Economy, Research, and Agriculture, impacting planned spending but not significantly hindering public policy execution, according to the government.

Showing 109 to 120 of 254 results