German Industry Faces Billions in Losses Due to Raw Material Dependency

The Kremlin forecasts ongoing salary increases in Russia, driven by a tight labor market and low unemployment, while launching initiatives to enhance workforce training and productivity.

The European Central Bank has cut interest rates for the third time this year, aiming to stimulate economic growth amid a recession in the eurozone.

The S&P 500 index reached a record high on Thursday, buoyed by positive forecasts from TSMC and stronger-than-expected retail sales data, indicating robust economic growth.

Turkey's central bank has maintained its interest rate at 50%, citing increased uncertainty over inflation. Following a recent uptick in monthly inflation, analysts expect a potential easing cycle may not occur until late 2024.

The electric vehicle market in Italy is facing significant challenges, with only one in 20 registered vehicles being electric. In response, Stellantis has launched two affordable electric car models at the Autosalon Paris, aiming to capture market share amid increasing competition from Chinese manufacturers.

Algeria is shifting its economic focus towards India and Asia, as highlighted by Indian President Droupadi Murmu's recent visit, coinciding with Algeria's plans to review its partnership with the EU in 2025.

PAI Partners has increased its bid for Sanofi's Opella, which markets Doliprane, by 200 million euros, positioning itself as the leading bidder against CD&R amidst public outcry and labor strikes.

Oil, gold, and the U.S. dollar have all seen increases following an unexpected drop in U.S. crude inventories and rising investor demand for safe-haven assets due to uncertainties surrounding the upcoming U.S. presidential election.

Hong Kong is implementing various strategies to protect its economy from the adverse effects of China's economic slowdown, including relaxing mortgage rules and diversifying trade partners.

John Abu Said, CEO of Halbert Hargrove, outlines key strategies for companies to enhance financial resilience amidst global economic challenges, emphasizing the importance of strategic planning, risk management, and customer relationship management.

The article examines how the United States has historically built its economic power through global conflicts and trade manipulation, leading to a recent resurgence of protectionism that threatens the future of globalization.