GlobtecGroup - Globtec Group

10 Jan

Blog

Global economy set for weakest growth since pandemic, warns World Bank

January 10, 2024
By GlobtecGroup
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The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of jus...

08 Jan

Blog

Strong US jobs growth dampens talk of rate cuts

January 8, 2024
By GlobtecGroup
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Hiring in the US was unexpectedly strong last month, as the American economy continued to defy forecasts of a slowdown. Employers ...

04 Jan

Blog

SpaceX accused of unlawfully firing staff critical of Elon Musk

January 4, 2024
By GlobtecGroup
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SpaceX has been accused of unlawfully firing eight workers who were critical of its multi-billionaire chief executive Elon Musk. A...

03 Jan

Blog

UK factory output lower than expected after fall in domestic and export orders

January 3, 2024
By GlobtecGroup
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Britain’s factories started the year on a weaker footing after 17 consecutive months of contraction, as higher borrowing costs and a sl...

02 Jan

Blog

China’s many systemic problems dominate its outlook for 2024

January 2, 2024
By GlobtecGroup
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There were contrasting reactions when the US rating agency Moody’s downgraded China’s A1 credit rating outlook from stable to negative ...

29 Dec

Blog

Five charts explaining the UK’s economic prospects in 2024

December 29, 2023
By GlobtecGroup
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As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway ...

28 Dec

Blog

Business Pound hits $1.28, with UK economy predicted to ‘turn corner’ in 2024

December 28, 2023
By GlobtecGroup
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Pound jumps over $1.28 The pound has hit its highest level against the US dollar since the beginning of August, as investors continue ...

27 Dec

Blog

House prices to fall and rents to rise in 2024, forecasts suggest

December 27, 2023
By GlobtecGroup
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UK house prices are expected to fall in 2024, according to analysts and lenders, while the cost of renting a home will continue to rise...

26 Dec

Blog

Bank of Russia Governor Says She Is Bracing for More Sanctions

December 26, 2023
By GlobtecGroup
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Bank of Russia Governor Elvira Nabiullina, who helped the Kremlin absorb the blow from sweeping sanctions over the invasion of Ukraine,...

22 Dec

Blog

Fears of higher oil prices after Red Sea attacks

December 22, 2023
By GlobtecGroup
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Attacks on commercial ships in the Red Sea risk pushing up the price of oil and other goods, analysts have warned. Several firms have ...