Luxury Slump Leads Some Swiss Watchmakers to Seek State Aid

Girard-Perregaux and Ulysse Nardin among brands getting help Work stoppages follow drop in demand for Swiss watch industry Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse...

Australia’s Economy Stays Subdued as Consumers Cut Spending

Per capita GDP declined for a sixth consecutive quarter Household spending fell in quarter, detracting from GDP Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly...

S&P Is Watching New Zealand’s Current Account Gap, Weak Economy

Analyst ‘broadly comfortable’ with sovereign rating outlook Interest-rate cuts expected to restore GDP per capita growth S&P Global Ratings is “broadly comfortable” with New Zealand’s sovereign rating outlook, though it’s closely watching the nation’s large...

Goldman Sees US GDP Hit If Trump Wins, Boost If Democrats Sweep

Goldman economists lay out potential post-election effects Tariff policy, immigration measures seen as key elements Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections,...

US Manufacturing Activity Contracts for a Fifth Straight Month

ISM August factory index at 47.2 after 46.8 a month earlier Orders gauge shows steepest contraction since May 2023 US manufacturing activity shrank in August for a fifth month, reflecting faster rates of declines in orders and production. The Institute for Supply...