Swiss Watch Exports Plummet: Industry Faces Decline Amid Market Pressures
Swiss watch exports fell to 1.2 million units in August, facing significant challenges in key markets like China and Hong Kong. Despite a rise in total export value, the industry struggles with declining demand and pressure on pricing. Government support and strategic adjustments are critical for recovery.
China's Deflation Threatens Global Economy: Key Insights for 2024
China faces potential chronic deflation, posing risks to its economy and the global market. With rising unemployment and declining producer prices, the implications for global inflation and growth are significant. Discover the latest insights on China's economic challenges and their potential global impacts.
Brazil Set to Join China's Belt and Road Initiative Amid Declining Investments
Brazil is preparing to join China's Belt and Road Initiative, with President Xi Jinping expected to announce the accession in November. Despite a decline in Chinese investments, the partnership promises significant economic benefits and may impact Brazil's relations with the United States.
Ethiopia's Currency Crisis: Birr Devalued by 30% Amid Economic Struggles
Ethiopia faces economic challenges as the birr is devalued by 30%, leading to soaring prices and inflation. Despite short-term pain, experts believe reforms may benefit the economy in the long run.
Karameh Crossing Closure: A Major Blow to West Bank's Economy After Security Incident
The closure of the Karameh crossing due to a security incident has severely impacted the West Bank economy, leaving hundreds of transport workers unemployed and causing shortages of goods. Calls for international intervention are increasing as the situation worsens.
Iraq's Central Bank Takes Bold Steps to Strengthen Economy and Financial Systems
The Central Bank of Iraq is implementing key strategies to enhance economic stability, reduce reliance on the US dollar, and promote digital banking, aiming for a resilient financial future.
Amazon CEO Andy Jassy Declares End of Remote Work Era: Employees to Return Full-Time by January 2025
Revolutionizing Finance: How AI Enhances Efficiency and Mitigates Risks in 2023
Swiss Watch Exports Plummet: Industry Faces Decline Amid Market Pressures
Russian Banks Expand Operations in Eastern Ukraine: Sberbank and VTB Lead the Charge
Saudi Arabia's Embrace of the Petroyuan: A Strategic Shift in Global Trade Dynamics
Air France Tests Paid Catering: A New Era in In-Flight Dining Begins in 2025
2024/9/22
Karameh Crossing Closure: A Major Blow to West Bank's Economy After Security Incident
The closure of the Karameh crossing due to a security incident has severely impacted the West Bank economy, leaving hundreds of transport workers unemployed and causing shortages of goods. Calls for international intervention are increasing as the situation worsens.
China's Deflation Threatens Global Economy: Key Insights for 2024
China faces potential chronic deflation, posing risks to its economy and the global market. With rising unemployment and declining producer prices, the implications for global inflation and growth are significant. Discover the latest insights on China's economic challenges and their potential global impacts.