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Business
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Economy
6/8/2023 1:15:49 PM
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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Business
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Economy
6/5/2023 12:05:25 PM
Turkey's annual inflation rate dropped below 40 percent in May for the first time in 16 months, pushed down by a temporary offer of free gas to households, official data showed on Monday.
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Business
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Energy
6/4/2023 8:21:44 PM
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Business
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Economy
5/25/2023 10:11:55 AM
Germany fell into a recession around the turn of the year, official figures published Thursday showed, as Europe's largest economy contracted by 0.3 percent over the first three months of 2023.
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Business
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Economy
5/23/2023 4:19:09 PM
The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund.
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Business
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Economy
5/14/2023 9:34:55 PM
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy including huge job losses if the country defaults, as negotiations to forge a debt deal are expected to resume this coming week.
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Business
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Markets & Companies
5/2/2023 5:40:55 PM
European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to the US Federal Reserve which kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th, and possibly final, time to tackle rising prices.
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Business
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Economy
4/14/2023 3:19:28 PM
Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.
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Business
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Markets & Companies
4/12/2023 2:29:36 PM
Wall Street inched slightly higher early Wednesday ahead of the release of key inflation data likely to influence the Federal Reserve's stance on interest rates.
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Business
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Economy
4/11/2023 4:03:44 PM
The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic and geopolitical concerns.
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Business
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Markets & Companies
4/10/2023 2:23:27 PM
Asian equities were mixed Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession.
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Business
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Markets & Companies
4/6/2023 12:03:46 PM
Global shares were trading mixed Thursday as investors turned their attention to upcoming earnings reports and other economic indicators.
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Business
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Markets & Companies
4/5/2023 10:54:38 AM
European equities drifted higher Wednesday at the open after a mixed Asian session as investors dwelled on US recession concerns.
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Business
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Economy
3/31/2023 6:01:01 PM
Stocks are rising Friday, and Wall Street is on track to close out a winning March and first quarter of the year despite a long list of worries being thrown at it.
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Business
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Economy
2/28/2023 6:28:16 PM
For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring remained surprisingly sturdy despite ever-higher interest rates imposed by the Federal Reserve.
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World
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International
2/28/2023 12:46:12 PM
Finland entered a recession in the final quarter of 2022, while the Swedish economy shrank more than initially estimated, official statistics showed Tuesday.
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World
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International
2/14/2023 5:32:30 PM
Hungary's economy entered recession in 2022 according to official data published Tuesday, as soaring energy prices drove inflation higher.
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World
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International
1/25/2023 5:29:43 PM
Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected.
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Business
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Economy
1/24/2023 4:20:19 PM
The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
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Business
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Economy
1/17/2023 8:11:18 PM
Germany will avoid a painful recession this year, Chancellor Olaf Scholz said Tuesday, predicting that Europe's largest economy will overcome elevated energy prices following the Russian invasion of Ukraine.
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