Boeing Plans to Raise $25 Billion to Strengthen Balance Sheet
Boeing, the aerospace giant, has announced plans to raise up to $25 billion in new capital through debt and equity …
April 4, 2022: -The cost of living hit another record high in the eurozone last month, raising further questions about how the European Central Bank can stabilize such rapidly rising consumer prices.
Headline inflation came in at 7.5% for March on an annual basis, according to preliminary data from Europe’s statistics office Eurostat released on Friday. Headline inflation had reached 5.9% in February.
The numbers come when Russia’s invasion of Ukraine has brought renewed economic uncertainty, with some economists wondering whether the eurozone will enter a recession in 2022 — something that European officials have so far refused to say.
For instance, Italy’s Prime Minister Mario Draghi said last week that there would be economic damage from the invasion of Ukraine, but not a recession.
The eurozone has taken unprecedented measures to punish Russia for its decision to invade Ukraine — such as blocking the sale of luxury goods — and these sanctions have repercussions on the eurozone economy itself.
In addition, there are other side-effects from the war, most notably higher energy prices — which are driving up inflation across the bloc.
European Central Bank President Christine Lagarde said that “three main factors are likely to make inflation higher.”
She said, “energy prices are expected to stay higher for longer,” “pressure on food inflation is likely to increase,” and “global manufacturing bottlenecks are likely to persist in certain sectors.”
This economic backdrop leads consumers to be more pessimistic about their prospects in the future, too. “Households are becoming more pessimistic and could cut back on spending,” Lagarde said in Cyprus on Wednesday.
Lower spending could bring even further economic headaches, as businesses would be selling less, have less room to pay employees, and would be less likely to invest.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
Boeing, the aerospace giant, has announced plans to raise up to $25 billion in new capital through debt and equity …
Crude oil prices have experienced a significant decline, exceeding 2%, following the Organization of the Petroleum Exporting …
Morgan Stanley, a leading investment bank, has reaffirmed its positive outlook on Nvidia Corporation, reiterating its recommendation …
The global food and beverage giant PepsiCo has revised its full-year revenue outlook downward, citing sluggishness in its …
Crude oil prices have declined, trading below the $74 per barrel mark, following a period of selling pressure. The retreat comes …
Crude oil prices experienced a significant uptick, surpassing the 3% mark, as global markets anxiously awaited Israel’s anticipated retaliation ….