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" Recession"

219 results

Business - Economy
11/11/2022 2:26:22 PM
Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

Business - Economy
11/3/2022 2:18:00 PM
​Global stocks sank Thursday after the Federal Reserve added to recession fears by suggesting more U.S. rate hikes are likely to cool inflation.

Business - Economy
10/27/2022 4:09:08 PM
The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency's history and raising questions about how far the bank intends to go with the threat of recession looming over the economy.

World - International
10/25/2022 2:26:59 PM
Rishi Sunak became Britain's third prime minister of the year on Tuesday, tasked with taming an economic crisis that has left the country's finances in a precarious state and millions struggling to pay their food and energy bills.

Business - Economy
10/5/2022 2:11:49 PM
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy.

World - Region
9/29/2022 6:15:34 PM
Lebanon's parliament failed to elect a new president after a first round of voting Thursday amid deep divisions over a replacement for Michel Aoun whose term expires next month.

World - Africa
9/29/2022 5:20:50 PM
Fuel prices in Ethiopia rose by about 20 percent Thursday, in the second such increase in less than three months as the government lifts fuel subsidies, deepening economic hardship in Africa's second most populous country.

World - International
9/28/2022 11:02:55 AM
Equities and crude prices fell while the dollar held at multi-year highs Wednesday as recession fears mount and traders grow increasingly concerned about tensions between Russia and the West.

Business - Economy
9/21/2022 8:39:43 PM
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.

World - Region
9/16/2022 10:00:00 PM
Lebanese depositors, including one armed with a hunting rifle, broke into at least five banks on Friday to demand their trapped savings, a sign of growing chaos in the small Mediterranean nation amid a historic economic meltdown.

Business - Economy
9/13/2022 3:26:15 PM
Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

World - Region
9/12/2022 1:58:34 PM
Lebanon's central bank lifted its remaining subsidies on fuel on Monday, gas station owners said, ending a year-long process of scaling back on the expensive program.

Business - Energy
9/12/2022 11:33:00 AM
Germany will fall into recession next year, a leading think-tank warned Monday, with Europe's biggest economy facing soaring inflation as Russia slashes energy supplies.

World - International
9/11/2022 8:26:00 PM
The United States faces "a risk" of recession as its battle against inflation could slow the nation's economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen said Sunday.

War in Ukraine - Economy
9/9/2022 4:56:59 PM
Europe is facing an energy crisis that is squeezing ordinary people's finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Already, many economists say a recession is on the way.

Business - Economy
9/8/2022 5:40:59 PM
The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession.

Business - Energy
9/5/2022 3:52:07 PM
OPEC and allied oil-producing countries, including Russia, cut their supplies to the global economy by 100,000 barrels per day, underlining their unhappiness with crude prices that have sagged because of recession fears.

Business - Economy
9/5/2022 11:10:23 AM
Faced with recession fears, the OPEC+ countries are expected to agree a modest increase in oil production at a meeting on Monday, with some experts even forecasting a cut to support prices.

Business - Economy
8/23/2022 6:39:19 PM
The euro dived to a new two-decade low against the dollar and European stock markets fell Tuesday as weak economic data raised fears of recession amid an energy crunch.

World - International
8/17/2022 10:17:29 AM
British inflation surged to a new 40-year high in July on rising food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.

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