The S&P Global Eurozone Manufacturing PMI contracted to 49.8 in July of 2022 from 52.1 in June, pointing to the slowest growth in factory activity since June of 2020. This is the recession we have expected.
Economics
Grace Blakeley: Property Developer Patriotism
“The irony of Keir Starmer’s plan for a ‘patriotic economy’ is that it relies on corporate developers to enrich shareholders, many of which don’t pay their taxes in Britain.” In Tribune. Read the article HERE.
Environment
The Guardian – Monsanto trial: judge rejects bid to overturn landmark cancer verdict
This is very mixed news. When things get tough for transnational corporations, the American justice system gets going. Besides, Germany´s pharmaceutical transnational Bayer still has the Trump administration, the Republicans, and of course the Supreme […]
Economics
Shaun Richards -Falling house prices in Germany add to the pressure on the ECB
Last week brought some news which caught my eye. On Thursday Bloomberg told us this. Germany’s housing boom is over as prices for residential properties dropped for the first time in over a decade. Read […]
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