Tag #Economic Slowdown

Showing 49 to 60 of 188 results

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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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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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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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.

lefigaro.fr

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Apr 26, 16:13

France Announces €3.1 Billion in Budget Cuts for 2025

The French government enacted €3.1 billion in budget cuts for 2025, impacting various ministries including ecology (€549.6 million), economy (€517.7 million), and research (€493.3 million), to meet public deficit targets amid slower economic growth and geopolitical uncertainty.

France Announces €3.1 Billion in Budget Cuts for 2025

The French government enacted €3.1 billion in budget cuts for 2025, impacting various ministries including ecology (€549.6 million), economy (€517.7 million), and research (€493.3 million), to meet public deficit targets amid slower economic growth and geopolitical uncertainty.

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How did revised macroeconomic forecasts and geopolitical uncertainty influence the government's decision to implement budget cuts?

This €3.1 billion reduction, detailed in a decree published in the Journal Officiel, is a direct response to revised economic forecasts showing lower-than-expected public revenue due to a 0.7% growth projection. The cuts primarily impact non-salary budget items, minimizing disruption to public services.

theguardian.com

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Apr 25, 22:15

Plummeting US Consumer Sentiment Amidst Trade War Uncertainty

US consumer sentiment in April fell to 52.2, down 32% since January, the lowest since summer 2022, driven by uncertainty surrounding Trump's trade policies and surging inflation expectations to 6.5%, the highest since 1981.

Plummeting US Consumer Sentiment Amidst Trade War Uncertainty

US consumer sentiment in April fell to 52.2, down 32% since January, the lowest since summer 2022, driven by uncertainty surrounding Trump's trade policies and surging inflation expectations to 6.5%, the highest since 1981.

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How do the consumer sentiment figures compare to past economic downturns, and what broader economic factors contribute to this decline?

Connecting this decline to broader economic patterns, the drop surpasses the impact of previous economic downturns, indicating a significant loss of consumer confidence. The surge in inflation expectations to 6.5%, the highest since 1981, further fuels this pessimism and suggests reduced consumer spending.

dailymail.co.uk

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Apr 25, 22:15

US Home Price Declines Double Since January 2024

The number of major US metro areas with falling home prices nearly doubled since January 2024, reaching 60 out of 300, driven by increased inventory, higher mortgage rates, and economic uncertainty; this trend is expected to continue into late 2025.

US Home Price Declines Double Since January 2024

The number of major US metro areas with falling home prices nearly doubled since January 2024, reaching 60 out of 300, driven by increased inventory, higher mortgage rates, and economic uncertainty; this trend is expected to continue into late 2025.

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What is the primary cause for the significant increase in US metro areas experiencing home price declines since the start of 2024?

The number of major US metro areas experiencing home price declines nearly doubled since January 2024, rising from 31 to 60 out of the 300 largest markets. This shift is most pronounced in Sun Belt regions like Florida and Texas, where inventory surpasses pre-pandemic levels, forcing price reductions. Nationally, home price increases slowed to 1.2 percent year-over-year in March 2024, compared to 4.6 percent last spring.

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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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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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.

dw.com

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Apr 26, 16:13

Germany's Falling Prestige in Poland: A Shift in Perception

Articles in German and Polish media highlight a decline in Poland's respect for Germany, citing bureaucracy, outdated infrastructure, and slower digitalization in Germany compared to Poland's progress, impacting migrant perceptions and potentially future EU relations.

Germany's Falling Prestige in Poland: A Shift in Perception

Articles in German and Polish media highlight a decline in Poland's respect for Germany, citing bureaucracy, outdated infrastructure, and slower digitalization in Germany compared to Poland's progress, impacting migrant perceptions and potentially future EU relations.

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What specific factors have contributed to the decline of Germany's image and prestige in the eyes of Poles, and what are the immediate consequences?

A recent shift in Polish perception views Germany, once a symbol of progress, as stagnating due to bureaucracy, outdated infrastructure, and lagging digitalization. This contrasts with Poland's development, leading to a diminished respect for Germany among Poles. While German salaries and healthcare remain superior, the image of Germany has significantly worsened.

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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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.

kathimerini.gr

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Apr 25, 13:18

China Pledges Support Amidst US Tariffs, Plans for Worst-Case Scenarios

Facing escalating US tariffs, China's Politburo pledged support for affected businesses and workers, accelerating debt issuance, easing monetary policy, and bolstering unemployment insurance while strategizing for worst-case scenarios, aiming to stabilize employment and the economy amidst the trade ...

China Pledges Support Amidst US Tariffs, Plans for Worst-Case Scenarios

Facing escalating US tariffs, China's Politburo pledged support for affected businesses and workers, accelerating debt issuance, easing monetary policy, and bolstering unemployment insurance while strategizing for worst-case scenarios, aiming to stabilize employment and the economy amidst the trade ...

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How does China's response to the trade war balance economic stabilization with political messaging?

The Politburo's response reflects a measured approach to mitigating the trade war's impact. While emphasizing job stability and economic support, the focus on gradual policy adjustments suggests a strategy of cautious observation and targeted interventions rather than immediate large-scale stimulus. This approach contrasts with some expectations of more drastic measures.

theglobeandmail.com

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Apr 21, 16:13

Oil Prices Fall on U.S.-Iran Talks and Tariff Worries

Oil prices fell over 2 percent on Monday, with Brent crude at $66.15 and WTI at $62.84, driven by progress in U.S.-Iran nuclear talks and concerns about tariff-related economic headwinds, impacting global demand.

Oil Prices Fall on U.S.-Iran Talks and Tariff Worries

Oil prices fell over 2 percent on Monday, with Brent crude at $66.15 and WTI at $62.84, driven by progress in U.S.-Iran nuclear talks and concerns about tariff-related economic headwinds, impacting global demand.

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What is the primary reason for the over 2 percent drop in oil prices on Monday?

On Monday, oil prices fell over 2 percent due to positive U.S.-Iran nuclear deal talks, potentially increasing Iranian oil supply. Brent crude dropped to $66.15 a barrel, and West Texas Intermediate to $62.84.

Showing 49 to 60 of 188 results