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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall,Writer, Formative Content 1. US banks brace for recession The biggest US banks are bracing for a worsening economy next year as inflation threatens consumer demand. JPMorgan Chase Chief Executive Jamie Dimon told CNBC that consumers and companies […]
The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]
Last Thursday morning the International Monetary Fund and the American central bank, the Fed, simultaneously but in the face of it independently, issued warnings about the health of the largest German lender, the long ailing Deutsche Bank. A few days before that the US rating agency Moody’s had degraded the creditworthiness of the bank close […]
