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Business
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Economy
1/10/2023 6:16:54 PM
The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned on Tuesday.
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Business
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Markets & Companies
1/4/2023 9:43:06 AM
Asian markets were mixed Wednesday as investors weighed China's reopening moves against its surging Covid cases, while recession concerns and a drop on Wall Street kept sentiment grounded.
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Business
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Markets & Companies
1/3/2023 4:59:00 PM
European stock markets started the New Year on a high note on Monday after a rough 2022 but the IMF chief warned that a third of the world economy faces recession in 2023.
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World
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International
12/31/2022 2:29:33 PM
Britain has had a tough 12 months and its problems will not ``go away'' in 2023 - but the coronation of King Charles III will help bring the country together, Prime Minister Rishi Sunak said Saturday in his New Year message.
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Business
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Economy
12/30/2022 7:17:54 PM
Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia's invasion of Ukraine, high inflation, and rising interest rates.
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Business
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Economy
12/26/2022 9:22:42 PM
In an interview with Al-Arabiya News channel, UN Climate Change High Level Champion for Egypt Mahmoud Mohieldin said that though global recession is inevitable in 2023 developing countries can find ways to alleviate its impact.
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Business
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Economy
12/7/2022 3:17:41 PM
Major stock markets suffered more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession.
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Business
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Economy
11/21/2022 6:42:50 PM
Britain needs more migrant labor to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country's main business lobby group warned Monday.
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World
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International
11/11/2022 5:54:22 PM
The European Union's executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power.
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Business
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Economy
11/11/2022 3:20:36 PM
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.
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Business
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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.
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Business
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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.
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Business
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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.
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World
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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.
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Business
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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.
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World
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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.
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World
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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.
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World
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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.
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Business
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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.
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World
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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.
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