In a surprising twist, the infamous $1 billion “ghost airport,” once celebrated for its ambitious potential, has been offloaded for just a tiny fraction of its original worth. This unexpected sale sparks critical questions about the future of infrastructure investments and highlights the silent abandonment of projects that once held so much promise
Browsing: economic downturn
Starbucks is slowing its expansion plans in India as rising inflation and economic concerns lead consumers to cut discretionary spending. The decision reflects shifting market dynamics, prompting the coffee giant to reevaluate growth strategies in a challenging environment.
The UK’s FTSE 100 experienced its largest daily decline since the onset of the pandemic, driven by renewed concerns over Trump’s tariffs. Market analysts warn that the tariffs could disrupt global trade and economic recovery efforts.
Germany, facing an economic downturn, is set to relax its strict debt brake rules, potentially allowing for increased government spending. This shift aims to stimulate growth and address pressing social and infrastructure needs amidst rising geopolitical tensions.
Japan’s factory activity has shown signs of decline as weakening global demand impacts manufacturing output. The latest reports indicate a contraction in production, signaling potential challenges for Japan’s economy amid shifting market conditions.