‘Adults buying kids toys to escape global turmoil’, sales data suggests

BBC A Stitch puppet (left) with Richard North from Wow Stuff at the DreamToys event Toy sales have fallen for a third year in a row as family budgets are squeezed – but adults are buying childhood favourites to escape their troubles, research suggests. A falling birth rate, the cost of living and fewer big hit film franchises have combined to push the value of sales down 3% on the

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Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024.  Daniel Slim | AFP | Getty Images The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think, highlighting skyrocketing fiscal deficits in the U.S. and China. Global public debt will rise above

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Will Trump victory spark global trade war?

Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. Trump sees tariffs as a way of growing the US economy, protecting jobs and raising tax revenue. In the past, he has targeted tariffs at individual countries such as

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Sovereign debt is biggest risk to global growth in 2025: Saudi minister

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. “I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in low-income countries and emerging economies that do not have the fiscal buffers to lean into

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Paramount Global misses revenue estimates on weak box office, cable TV declines By Reuters

(Reuters) – Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content. Revenue at the TV media business, which includes CBS and MTV, fell 6% in the third quarter due to lower spending from advertisers, a drop in subscribers and absence of

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What Trump’s historic election victory means for the global economy

A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump‘s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump

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Bank of Canada may have to cut rates deeper than global peers

Breadcrumb Trail Links News Interest rates may hit bottom at 2%, says analysis Published Nov 07, 2024  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump’s policies could put pressure on the Canadian dollar. Photo by Paul Chiasson/ The Canadian Press Article content It’s been quite the week — Donald Trump’s victory in the United States

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