#economic-downturn

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Botswana's ruling party loses power after six decades, early results show

The Botswana Democratic Party (BDP) suffered a major election defeat after nearly 60 years in power, losing its parliamentary majority.
#layoffs

Dropbox is laying off 20 percent of its workforce

Dropbox is laying off 20% of its workforce due to slowing demand and organizational complexity.

What's going on with all these video game industry layoffs?

Video game industry facing job instability crisis
Massive layoffs affecting both small and large game development studios

Dropbox is laying off 20 percent of its workforce

Dropbox is laying off 20% of its workforce due to slowing demand and organizational complexity.

What's going on with all these video game industry layoffs?

Video game industry facing job instability crisis
Massive layoffs affecting both small and large game development studios
morelayoffs

Budget brands are winning in China as people turn to cheap food and fashion

China's economic downturn has led consumers to seek wallet-friendly options, benefiting companies like Saizeriya that offer budget-friendly food.
#real-estate

A 65,000-square-foot waterfront mansion, believed to be Canada's largest home, has been abandoned for over 15 years. Take a look inside.

The Peter Grant mansion, Canada's largest home, has been abandoned for over a decade and may soon be featured in a reality show.

Austin's Texas glow Is fading

Austin, a Covid-era economic superstar, is facing a downturn with Oracle moving headquarters to Nashville due to an office glut and falling real estate prices.

A 65,000-square-foot waterfront mansion, believed to be Canada's largest home, has been abandoned for over 15 years. Take a look inside.

The Peter Grant mansion, Canada's largest home, has been abandoned for over a decade and may soon be featured in a reality show.

Austin's Texas glow Is fading

Austin, a Covid-era economic superstar, is facing a downturn with Oracle moving headquarters to Nashville due to an office glut and falling real estate prices.
morereal-estate
#lvmh
from Business Insider
1 month ago
Business

LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.

Tiffany is shrinking its China flagship store by half as luxury spending collapses

Tiffany & Co. is downsizing its Shanghai flagship store amid declining luxury sales in China.
The move reflects broader economic challenges impacting global luxury brands.

LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.

Tiffany is shrinking its China flagship store by half as luxury spending collapses

Tiffany & Co. is downsizing its Shanghai flagship store amid declining luxury sales in China.
The move reflects broader economic challenges impacting global luxury brands.
morelvmh

4 Strategies to Achieve Market Dominance, Even During a Downturn | Entrepreneur

In economic downturns, businesses should pivot to invest strategically in growth opportunities rather than scaling back.

Layoffs Are Low. That Doesn't Mean the Labor Market Is Strong.

Job growth is slowing, but employers are retaining workers, indicating a level of confidence despite potential economic downturn signs.

Global turmoil and rising taxes tilt art trade towards new era

The international art market is experiencing a notable slump, raising concerns about whether it signals a temporary downturn or lasting change.
from Medium
2 months ago

UX is dead. Long live UX.

Economic downturns historically present opportunities for innovation and growth, especially with the influence of AI today.

How to win a raise even during an economic downturn, according to bosses

Demonstrating value with data is crucial for negotiating pay increases during economic uncertainty.
#federal-reserve

Jamie Dimon says he's skeptical inflation will hit the Fed's 2% goal

Jamie Dimon warns of a potential economic downturn, predicting a mild recession.

Opinion | The Economy Is Looking Pre-Recessionary

Policymakers need to act quickly to prevent economic deterioration similar to intervening in prediabetic conditions to prevent Type 2 diabetes.

Jamie Dimon says he's skeptical inflation will hit the Fed's 2% goal

Jamie Dimon warns of a potential economic downturn, predicting a mild recession.

Opinion | The Economy Is Looking Pre-Recessionary

Policymakers need to act quickly to prevent economic deterioration similar to intervening in prediabetic conditions to prevent Type 2 diabetes.
morefederal-reserve

Recession Fears May Be Overstated, but Not Unfounded

The U.S. economy showed unexpected weakness in the job market, causing concerns about a possible economic downturn.

Gold, copper and oil prices fall as market contagion spreads-'It's just widespread panic'

Commodities across various sectors, including copper, gold, and crude oil, plunged due to a global financial crisis and concerns about economic downturn.

How TGI Friday's made its media more cost-effective in tough economic times

Restaurants must adapt media and marketing strategies during economic downturns to attract customers effectively.

Can carbon capture transition California's oil fields? - High Country News

The oil industry downturn in Taft, California had a significant impact on the town's economy and community services.

Is It Even Possible to Become More Productive?

The impact of the Great Recession on job choices
Struggles of young workers during economic downturn

Bloomberg

The global economy is projected to contract by 4.9% in 2020 due to the COVID-19 pandemic.
The consequences of job losses and business closures are expected to have lasting effects on the global economy.

Germany plans partial reform of its debt brake, Lindner says

German Finance Minister Christian Lindner plans to reform the country's debt rules to allow more spending in times of economic downturn.
Lindner opposes broader changes to the debt rule, such as exempting investments in climate protection from spending restrictions.
#economic downturn

How to Safeguard Your Brand Against Economic Downturn

In times of economic downturn, marketing budgets are often the first to be cut.
Brands can build a safety net by investing in owned assets and using behavior data to connect with consumers.

California's revenue decline is reminiscent of the Great Recession, new report says

California is projected to have a $58 billion revenue shortfall over three fiscal years due to lower-than-expected tax payments.
The state's economy has been impacted by higher borrowing costs, reduced investment, and a slowdown in the housing market.

Good News About Biden's Meeting With the President of China

The meeting between Biden and Xi resulted in the resumption of communications between U.S. and Chinese military officers
Xi agreed to significantly reduce China's export of fentanyl
Xi attended a business dinner with over 300 U.S. business executives

How to Safeguard Your Brand Against Economic Downturn

In times of economic downturn, marketing budgets are often the first to be cut.
Brands can build a safety net by investing in owned assets and using behavior data to connect with consumers.

California's revenue decline is reminiscent of the Great Recession, new report says

California is projected to have a $58 billion revenue shortfall over three fiscal years due to lower-than-expected tax payments.
The state's economy has been impacted by higher borrowing costs, reduced investment, and a slowdown in the housing market.

Good News About Biden's Meeting With the President of China

The meeting between Biden and Xi resulted in the resumption of communications between U.S. and Chinese military officers
Xi agreed to significantly reduce China's export of fentanyl
Xi attended a business dinner with over 300 U.S. business executives
moreeconomic downturn

Top Biglaw Firm Leaders Criticize Milbank's Money Moves

Law firms criticized for raising associate salaries during an economic downturn.
Critics argue that increasing salaries puts more pressure on associates and leads to increased billable hours.
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