Q32024

UK Experiences Unexpected Economic Slowdown in Q3: A Closer Look at the Data

1 month ago

The UK economy has reported a sharper-than-anticipated slowdown during the third quarter of 2024, raising concerns among analysts and policymakers. Official statistics unveiled a notable contraction, revealing that the nation’s GDP shrank by 0.4%, contrary to earlier forecasts that predicted modest growth. This unexpected downturn has led to serious discussions regarding the implications for future economic policy and the overall health of the economy.

STMicroelectronics Reports Decline in Third Quarter Revenue Amid Sluggish Automotive Demand

2 months ago

STMicroelectronics has released its financial results for the third quarter of 2024, revealing a downturn in revenue primarily attributed to diminishing demand in the automotive sector. The company, which is a significant player in the semiconductor field, experienced a notable decline in its quarterly revenue, raising concerns about the sustainability of growth in a key segment of its business.