Europe’s Economy Takes a Hit: What Does This Mean for the Future? Prior 50.9Composite PMI 46.7 vs 47.0 prelim Prior 48.6The headline reading is a 30-month low while the composite reading is a 33-month low. That puts into perspective the kind of downturn and economic contraction we’re seeing in Europe in Q3. Germany and France…
The Latest Economic Update in Germany Prior 52.3 Composite PMI 44.6 vs 44.7 prelim Prior 48.5 Weaker demand conditions continue to weigh on overall business activity as the final estimates reaffirm a sustained downturn in the German economy in Q3. Price pressures in the services sector continue to stay elevated, so that is a bit…
PSFU Launches “Enhancing Lead Firm Structure for Youth Employment” project Transforming Youth Employment through Lead Firm Structure The Private Sector Foundation Uganda (PSFU), in collaboration with the Mastercard Foundation, has initiated the groundbreaking “Enhancing Lead Firm Structure (LFS) for Youth Employment” project. This project aims to revolutionize the youth employment sector by addressing the challenges…
Professionally Analyzing the Recent Fed Decision Understanding the US Economy and the Federal Reserve As the global economy continues to face uncertainties and challenges, the recent decision by the Federal Reserve to hike interest rates by 25 bps was met with mixed reactions. Fed Chair Powell reiterated the central bank’s commitment to data dependency and…
Spain’s Services Sector Enters Contraction Territory: A Troubling Sign What Happened? Prior to the latest report, Spain’s services sector had been showing signs of strength and resilience. However, recent data reveals that the sector has entered contraction territory for the first time since last October. This shift is concerning and points to underlying challenges in…
Uganda’s Minerals Sector Poised for Significant Job Creation State Minister Peter Lokeris Paves the Way for Economic Advancement In a significant development set to address Uganda’s unemployment challenges, the nation’s mineral sector is poised for a substantial boost in job creation, projected to increase by an impressive 63%. Hon. Peter Lokeris, the State Minister for…
France’s Economic Contraction Deepens in Q3 Prior 47.1Composite PMI 46.0 vs 46.6 prelim Prior 46.6 The downward revisions just paint a worse picture of France’s economic contraction in Q3, with the services sector seeing its sharpest fall in two-and-a-half years. New orders are seen falling for a fourth month straight but at least input cost…
The crypto gambling site, Stake.com, falls victim to cyber criminals Security Breach The popular crypto gambling platform, Stake.com, recently experienced a major security breach where approximately $41 million in cryptocurrencies were stolen in what has been described as ‘suspicious outflows’. The unauthorized transactions were traced back to the platform’s Ethereum and Binance Smart Chain hot…
