The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.
Category: Economic Conditions and Trends
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Europe’s Leaders Seek Greater Unity to Counter Trump’s ‘America First’ Agenda
At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.
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Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.
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Logging Is the Deadliest Job, but Still an Oregon Way of Life
Logging has long been a way of life for rural communities in the Pacific Northwest and South. It also comes with grave risk.
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World Fears a Wider Trade War. Malaysia Sees an Opportunity.
In a new era for global trade in which Donald J. Trump has promised tariffs, Malaysia and Singapore are finalizing a deal for greater economic integration.
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Hong Kong’s Trophy Homes Are Selling at Fire Sale Prices
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
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Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
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As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China
The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.
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Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
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Bank of England Cuts Interest Rates, but Warns Inflation Will Fall Slowly
The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.
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Another Jolt of Uncertainty for a Global Economy Mired in It
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.