‘Great Slowdown’ in U.S. Arms, Ammunition Shipments
Israeli Prime Minister Benjamin Netanyahu said on Friday he had confirmed a “significant slowdown” in U.S. shipments of arms and ammunition, publicly criticizing the White House after months of quiet frustration. As reported by Breitbart News, Netanyahu posted a video on social media earlier this week thanking the Biden administration for their help but asking […]
Tesla Announces Layoffs of Over 10% of Global Workforce amid Growth Slowdown
Elon Musk’s Tesla has announced significant reductions in its workforce worldwide, with more than 10% of its workforce affected by layoffs. Electrek report Tesla CEO Elon Musk announced in a company-wide email that the company has decided to reduce its workforce by more than 10 percent worldwide. The move comes as Tesla seeks to streamline […]
Ford delays launch of electric SUV, truck amid slowdown in demand
Ford Motor Co. on Thursday postponed plans to launch a three-row electric vehicle in Canada and a next-generation electric pickup truck in Tennessee, as a slowdown in global EV demand is forcing automakers to revise production plans. announced. Separately, Ford said it is ramping up sales of hybrid electric vehicles and plans to offer hybrid […]
China pursues aggressive growth to prevent devastating slowdown: government aims to ‘transform’ economy
China has launched a series of ambitious economic reforms to boost growth amid the economic crisis. Downturn in the housing market and slump in spending –Mainly, this year’s economic growth rate is “approximately 5%.” “Achieving 5% growth is going to be difficult,” Elaine Dezensky, senior director of the Foundation for Defense of Democracies and director […]
Apple iPhone sales slump 24% in China, fanning fears of a slowdown
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024 as the company faces increasing competition from domestic rivals such as Huawei, according to research firm Counterpoint. Huawei, the tech giant’s biggest competitor for premium smartphones in China, saw unit sales increase by 64% in the same period, the report […]
Global economic slowdown predicted for third straight year: World Bank
The World Bank predicted on Tuesday that the global economy will slow for the third consecutive year in 2024. World Bank struggles with global high interest rates, inflation, and sluggish Chinese economy predict the world economy This year's growth rate is only 2.4%. That would be down from 2.6% in 2023, 3% in 2022 and […]
German carbon emissions hit seven-decade low amid economic slowdown
Germany's carbon emissions have fallen to a 70-year low as Europe's largest economy cut back on coal production. According to the report This was announced by the think tank Agora Energiewende. The report predicted emissions in 2023 at 673 million tonnes, down 73 million tonnes from 2022 and about 46 percent below 1990 levels. The […]
Apple stock downgraded by Barclays over iPhone sales slowdown
Apple started the new year on a tough note Tuesday, as analysts at Barclays downgraded the company's stock rating, citing concerns about slowing sales demand for its flagship iPhone. Analysts cited recent sales surveys showing weak demand not only in developed markets but also in China. Barclays downgraded Apple's rating to “underweight.” Barclays also lowered […]