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World economy may feel effects of Chinese slowdown | Opinion

The Economist magazine recently pointed out that China, over the past 20 years, has been “the biggest and most reliable source of growth in the world economy.” It contributed a quarter of the rise in global GDP over that period and expanded in 79 of the 80 quarters. These impressive numbers reflect the impact of […]

Developer Mike Lundy sells construction business

WATERTOWN, New York (WWNY) – Two well-known local construction teams are combining to create a new company. Developer and builder Mike Lundy is selling his construction business, which includes the Butler Building Career Buildership franchise he owns. That business, Lundy Construction, also known as Lunco, is being acquired by Lawman Heating and Cooling of Sackets […]

Congress can prevent an over-regulated US digital economy. Here’s how

Last month, Connecticut became the fifth state to pass a comprehensive consumer data privacy law. As more states appear poised to follow suit, America’s digital economy is increasingly threatened by regulatory fragmentation. If Congress were to pass federal data privacy legislation, it should preempt this growing patchwork of state laws, protect consumer privacy and promote […]

How to Keep Pace With a Fast-Growing Business

Opinions expressed by Entrepreneur contributors are their own. According to the National Bureau of Economic Research, despite the advent of the Covid-19 pandemic, 2020 was a record year for new business formation. The startup trend continued into 2021 and is still going strong. Fortunately, that’s also led to rapid growth (over 200%) for my company […]

Core bonds and the dollar lose some ticks

Markets Stock markets guided global trading yesterday in an emotionless session. European stock markets opened rather weak in line with WS’s performance on Tuesday and failed to overturn those losses throughout the day. They eventually closed around 0.75% weaker. The EuroStoxx50’s revival since early May is showing more and more signs of fatigue. The downbeat […]

SBA Awards $250,000 to CCI for small business lending in North Carolina

CCI is the second SBA microloan lender based in North Carolina, along with Mountain BizWorks. CCI’s microloan program will provide loans up to $50,000 in the following 13 counties: Alamance, Caswell, Chatham, Durham, Franklin, Harnett, Johnson, Lee, Orange, Person, Vance, Wake, and Warren in North Carolina, with hopes of future expansion to other parts of […]

World Bank dims outlook for global economy amid Russia war

“For many countries, recession will be hard to avoid,” said David Malpass, the World Bank’s president. The agency doesn’t foresee a much brighter picture in 2023 and 2024: It predicts just 3% global growth for both years. For the United States alone, the World Bank has slashed its growth forecast to 2.5% this year from […]