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Reuters (February 5)

2024/ 02/ 06 by jd in Global News

“Prolonged factory deflation is threatening the survival of smaller Chinese exporters who are locked in relentless price wars for shrinking business as higher interest rates abroad and rising trade protectionism squeeze demand.” Fifteen months of falling producer prices have crushed “profit margins to the point where industrial output and jobs are now at risk,” further “compounding China’s economic woes, which include a property crisis and debt crunch.”

 

Wall Street Journal (January 30)

2024/ 01/ 31 by jd in Global News

“Logistics technology companies are cutting costs and slashing staff as a prolonged slump in freight stretches into 2024.” After soaring to “huge valuations during the Covid pandemic when a wave of consumer spending pushed freight volumes and shipping rates to record levels,” high interest rates and weak freight volumes are now “stretching some companies to their limit.”

 

Irish Times (September 23)

2019/ 09/ 24 by jd in Global News

“Brexit may be a price worth paying for the cohesion of British society. The economic arguments of the past three years have done nothing to sway people whose vote was about culture, identity and fairness.” The only way to overturn the first referendum is a second referendum, “but if the narrow lead were reversed, we would simply have prolonged the uncertainty to arrive somewhere equally unstable.”

 

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