Its The Economy, Stupid - Economic & Business News From Around The World

Arnathor

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J Crew is going bankrupt - I say good riddance, diffused and low quality for as long as I knew the brand.
 

Fwiffo

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Well, at least it's better than the British economic forecast where it was worse since the 18th century.

"We have put our economy into a medically induced coma in order to heal it from the pandemic... and that has led to the most precipitous loss of jobs seen in any of the modern data."
 
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Fwiffo

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did you forget the Great Depression?
I was looking in that article for the 1930s. They didn't do a graph of that. Bank of England is predicting their contraction will be the worse since the 18th century.
 

Fwiffo

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"DoorDash is backed by investment giant Softbank, which this week posted a record-breaking loss of nearly $13bn.

Defending the loss, chief executive Masayoshi Son reportedly compared himself to Jesus.

The billionaire is said to have stated during a call with investors that Jesus was 'also misunderstood'.

He later apologised."
 

Pimpernel Smith

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Pimpernel Smith Pimpernel Smith your people doing the lords work

Very fake news indeed.

There is an online BDS type movement against Israeli potatoes. The farmers have not been dumping large amounts if potatoes outside of supermarkets. There was a riot over a year ago and supermarket was trashed by the so called Palestine Working Group Enschede who took great offence at Israeli foodstuff being sold in the supermarket.

And there's a very good reason that potatoes are not being sourced in the Netherlands as they make crap chips.
 
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Fwiffo

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“‘Most of the shopping centres in China are still empty. Half of the flights aren't there. German shops are open but who wants to go and shop?’

Emerging Asia though will see better growth than ’other advanced economies.’

But there will be a greater split between the US and China, and many Asian countries will be forced to choose between the two superpowers.

‘Each one of them is going to say to the rest of the world, either you are with us or against us,’ he says. ’Either you use my AI systems, my 5G, my technologies, my robotics. Or you are using the one of my rival's. Therefore there is going to be a more divided world.‘“

A choice between the enlightened leadership of Xi Jinping or Donald Trump.
 

Pimpernel Smith

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“‘Most of the shopping centres in China are still empty. Half of the flights aren't there. German shops are open but who wants to go and shop?’

Emerging Asia though will see better growth than ’other advanced economies.’

But there will be a greater split between the US and China, and many Asian countries will be forced to choose between the two superpowers.

‘Each one of them is going to say to the rest of the world, either you are with us or against us,’ he says. ’Either you use my AI systems, my 5G, my technologies, my robotics. Or you are using the one of my rival's. Therefore there is going to be a more divided world.‘“

A choice between the enlightened leadership of Xi Jinping or Donald Trump.
Certainly some jobs and ways of doing things are not coming back. And some will be coming back on much less wages and possibly hours e.g. pilots and flight attendants.
 

Fwiffo

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