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Martin Meissner/AP German households spent less in the third quarter, weighing on economic growth. London CNN — Germany's output fell slightly in the third quarter, official data showed on Monday, raising the risk of Europe's biggest economy slipping into recession. According to the announcement, gross domestic product (GDP) decreased by 0.1% (increased by 0.1%) in the July-September period compared to the previous quarter. German Federal Statistical Office (Destatis). The decline was driven by a decline in consumer spending.On the other hand, investment Mr. Destatis said that investments in machinery and equipment by businesses made a positive contribution to GDP. This…
New York City is losing its status as the financial services capital of the country. New York's financial services industry, a major contributor to the state's gross domestic product, is in danger as the population of high-income earners flees due to rising taxes and housing costs, a damning new study finds. “Future success is not assured as other states are attracting talent and investment in this sector,” the New York State Business Council report said. “Addressing the state's tax burden, business climate and cost of living issues will help ensure New York's position as a national and global leader in…
LONDON (Reuters) – Global economic activity was mixed in the third quarter of 2023, with clear signs of improvement in the United States and China but continued weakness elsewhere.According to estimates compiled by the Netherlands Bureau for Economic Policy Analysis (CPB), global industrial production rose just 0.4% in August 2023 compared to the same month last year.But trade volumes fell 3.8% year-on-year in August and have not grown in a year, a sign of stagnation consistent with an economic recession (“World Trade Monitor,” CPB, October 25).The world's two largest economies, the United States and China, showed signs of slightly faster…
metro by carl campanile issued October 29, 2023, 8:14 PM ET The Empire State is losing its grip as the nation's financial services center. The financial services industry, which contributes significantly to New York State's gross domestic product (GDP), is in crisis as the population of high-income residents flees amid high taxes and rising housing costs. , revealed in a serious new investigation. “While other states are attracting talent and investment to the sector, there is no guarantee of future success,” the New York State Business Council report said. “Addressing the state’s tax burden, business environment, and cost of living…
Running a small business takes a lot of work, but being a small business owner can be rewarding. As the year draws to a close, now is the perfect time to consider what you can do to set your small business up for success in the new year.Making additional plans before January 1st will help you feel more confident heading into next year. Are you ready for next year? Here's what small business owners should do before the end of the year. 1. Sort out financial issuesAs a small business owner, it's a good idea to keep your financial affairs…
Opinions expressed by Entrepreneur contributors are their own. This is part 4 of 12 in the series “Writing a Business Plan: Section 1: Business Plan Basics.” The only people who don't need a business plan are those who aren't starting a business. You don't need a plan to start a hobby or a side hustle for fun. But anyone starting or expanding an enterprise that will require significant capital, energy, time, and potential profits should take the time to create some kind of plan.Who needs a business plan?StartupsThe typical business plan writer is an entrepreneur seeking funding to start a…
Opinions expressed by Entrepreneur contributors are their own. This is part 11 of 11 in the series “Writing a Business Plan: Section 2: Putting your Business Plan to Work.” When is the best time to update your business plan? Why not update it anytime?Writing a business plan is one of those skills that gets better with practice, and the first time or two you try it, you might feel a little unsure of yourself and whether what you're doing is worthwhile.If you start multiple ventures over the course of your career, you'll naturally write multiple business plans, each one better…
GARY — Indiana University's Anderson Library Conference Center looked like a typical market Wednesday night. People darted around the crowded room, inspecting merchandise, shaking hands, and exchanging business cards. These vendors weren't just peddling their wares, they were peddling their dreams. The New Business Vendor Showcase was held as the culmination of the four-week Start Up Business Success Program. The course was created by the City of Gary and his partnership with IUN and taught 49 students the ins and outs of starting a small business. On Wednesday, Jadi Brown, owner of Flawless Treats and Catering, fist-bumped Chancellor Iwama while…
Myra A coma ended his life after 30 years, but he struck up a new friendship with a young neighbor. Ossie. Together they are searching for their place in this world. The Colorado Sun is a nonpartisan news organization, and the opinions of our columnists and editorial writers do not reflect those of the newsroom. For more information about The Sun's opinion policy, read our ethics policy. Learn how to submit a column. Please contact our opinion editors at opinion@coloradosun.com. Follow Colorado Sun Opinion on Facebook. R. Alan Brooks teaches graphic novel writing in Regis University's MFA program and the…
The opinions expressed by Entrepreneur contributors are their own. This is part 1 of 8 of the “Writing a Business Plan: Section 4: Marketing Your Business Plan” series. Readers of your business plan may want to see an industry with few established competitors and a fast-growing trajectory with great potential. Or you may be interested in a larger market where your competitors may be disengaging from the market, leaving you open to rivals, even if growth is somewhat slower.Whatever the facts, they need to be backed up with a snapshot analysis of the current state of the industry and the…