Germany's Mittelstand Is Collapsing
(unherd.com)
Sometimes it is hard to know who to believe during a crisis. Optimists in Germany might take solace in a recent Bloomberg report announcing that “the country’s economic downturn may be ending”. Unfortunately, the word “may” is carrying a lot of weight here.
Sometimes it is hard to know who to believe during a crisis. Optimists in Germany might take solace in a recent Bloomberg report announcing that “the country’s economic downturn may be ending”. Unfortunately, the word “may” is carrying a lot of weight here.
AI Exuberance Masks Broad Weakness in Tech Sector, Say Investors
(ft.com)
Enthusiasm about artificial intelligence masks weakness across most of the technology sector, with many companies “still in a recession” following a slowdown that started in 2022, according to investors and analysis of recent financial reports.
Enthusiasm about artificial intelligence masks weakness across most of the technology sector, with many companies “still in a recession” following a slowdown that started in 2022, according to investors and analysis of recent financial reports.
Swiss watchmakers put employees on state-funded leave as luxury demand disappear
(fortune.com)
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.