Category: Economic Conditions and Trends

Why Japan’s Sudden Shift on Bond Purchases Dealt a Global Jolt

The New York Times – Business:
The world has relied on ultralow interest rates in Japan. What will happen if they rise?
Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts

The New York Times – Business:
The tech giant has so far taken steps to streamline without mass layoffs, but employees are girding for deeper cuts.
Ukraine’s Battered Economy Leaves It More Reliant on Foreign Aid.

The New York Times – Business:
Unable to roll over debt accumulated before the war, Ukraine has paid investors more than it has collected this year, the Central Bank says.
Waiter Shortage Hits London Restaurants After Brexit

The New York Times – Business:
Europeans used to flock to London for restaurant jobs. Now, with doors to migrants largely closed after Britain left the European Union, many establishments are becoming desperate.
European Central Bank Raises Rates Half a Point, Moderating Its Pace

The New York Times – Business:
But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
How Will China Fare With Covid? ‘Meaningless’ Data Clouds the Picture.

The New York Times – Business:
Despite assurances that the situation is under control, information on infections has become more opaque now that Beijing has rolled back pandemic restrictions.
U.K. Inflation Rate Slows to 10.7 Percent

The New York Times – Business:
Helped by an easing of price increases for fuel and other goods, the rate of inflation in November edged down from a 41-year high.
In New Mexico, Trying to Capitalize on Natural Beauty as Climate Change Disrupts It

The New York Times – Business:
Climate change is reshaping the American economy. New Mexico is leaning on ecotourism and sustainable industries to see it through, but extreme weather keeps getting in the way.
UK Approves New Coal Mine, Despite Climate Concerns

The New York Times – Business:
Local politicians said the facility, the country’s first new coal mine in decades, would create hundreds of jobs.
How Will China Turn Its Economy Back On? The World Is About to Find Out.

The New York Times – Business:
Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
Out of the Public Eye, a Debate Is Raging Over a Postwar Ukraine Economy

The New York Times – Business:
Beyond the enormous cost of rebuilding the country are difficult and delicate choices about how to best connect the nation to European markets and commerce.
U.K. Braces for Strikes Across Several Industries Through Christmas

The New York Times – Business:
Job actions by ambulance staff, nurses, rail workers and others will hit Britain every day between now and Dec. 25.