World economy talk

**boybi** · August 29th, 2023 12:05 PM

Originally Posted by travajante

Check EVA & Starlux(west coast only) now before they adjust fares.

Sent from my SM-S901E using Tsikot Forums mobile app

Been monitoring their fares as well. Last time nag promo Eva, sobra ok ang fares nila.

**shadow** · August 29th, 2023 12:16 PM

Originally Posted by boybi

Been monitoring their fares as well. Last time nag promo Eva, sobra ok ang fares nila.

Lagi EVA air sinasakyan namin papunta NA

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**_Cathy_** · August 29th, 2023 04:26 PM

Dati EVA din ako pero now ANA na. I like it the best. Yung Aunties ko nag ANA na rin

**Monseratto** · September 1st, 2023 11:17 AM

**Monseratto** · September 1st, 2023 07:17 PM

**uls** · September 18th, 2023 02:09 PM

what the hell happened

US 2Y yield

**Monseratto** · September 22nd, 2023 06:31 PM

Work dries up for US consultancies in China after national security raids | Financial Times

Top US consultancies are struggling to attract business in China as Beijing’s national security raids scare away local clients and global investors pull back from dealmaking in the country.

Management consultancy Bain is telling new China hires to wait until as late as 2025 to start their jobs, while roughly half of McKinsey staff do not have paid client projects to work on. Boston Consulting Group’s China team has been holding strategy sessions on how to revive its flagging business, according to half a dozen people close to the firms.

In May, China’s state security services said they were investigating the industry for jeopardising national security after they carried out raids on Bain’s Shanghai office and Capvision, which specialises in connecting management consultants and investors with a network of 450,000 experts.

Without sufficient work for their existing teams, all three top-tier US management consulting firms are delaying start dates for new recruits, leaving the incoming consultants instead to sharpen their skills, gain an extra degree or travel while they wait, the people said.

McKinsey is also struggling to land new projects, with many staff working on proposals or other work that cannot be billed to clients, three people close to the firm said. “Being at McKinsey China feels like being on a sinking ship,” said one junior consultant.

Private equity groups, which often tap the group’s consultants to do due diligence on acquisition targets, are also pulling back from investing in China.

“Clients are saying we can no longer work with American consulting firms,” said one executive at a US consultancy. The executive said some state-owned groups had begun asking about hiring their firm through a third party, while others questioned them about where their data was stored.

Commenting on rumours that Bain and McKinsey were considering pulling out of China entirely, Bain said the firm had no plans to exit. McKinsey said it was committed to China.

**Ry_Tower** · September 22nd, 2023 08:32 PM

Originally Posted by Monseratto

Work dries up for US consultancies in China after national security raids | Financial Times

Don't worry, China will be great!

**uls** · October 7th, 2023 10:59 AM

when you raised rates to fight inflation by causing unemployment (to weaken demand) but the job market refuses to cooperate

Nonfarm payrolls increased by 336,000 in September, while economists surveyed by Dow Jones expected 170,000 jobs added. The unemployment rate was 3.8%, slightly higher than the 3.7% consensus estimate.

so inflation is expected to remain sticky