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" Recession"

219 results

Business - Energy
8/16/2022 6:26:12 PM
European gas prices surged to a six-month peak on Tuesday, exacerbating recession fears as the region faces the prospect of rationing following cuts to Russia supplies amid the war in Ukraine.

War in Ukraine - Economy
8/16/2022 11:47:50 AM
Oil prices extended losses Tuesday after below-par US and Chinese data reinforced recession expectations, while equities were mixed as traders debate whether the data will allow central banks to temper their interest rate hikes.

World - International
8/5/2022 6:37:50 PM
A British cabinet member admitted Friday "I don't know where Boris is" as the prime minister checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

Business - Economy
7/26/2022 9:14:27 PM
By one common definition, the US economy is on the cusp of a recession. Yet that definition isn't the one that counts.

Business - Economy
7/26/2022 6:25:47 PM
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF said Tuesday.

Egypt - Society
7/24/2022 1:37:17 PM
The Ministry of Environment ordered the halting of all dredging activities along the shoreline of Marassi — home to an upscale gated community in the North Coast — where a planned marina project overlooking Sidi Abdel-Rahman Bay was recently launched, over complaints of causing shoreline recession and water turbidity.

World - International
7/21/2022 3:12:47 PM
The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.

War in Ukraine - Economy
7/18/2022 3:20:12 PM
Across Europe, signs of distress are multiplying as Russia's war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants.

World - International
7/13/2022 5:27:57 PM
Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data showed a surge in US inflation last month, convincing investors that further increases in borrowing costs are on their way.

World - International
7/13/2022 4:59:07 PM
Wall Street stocks opened sharply lower Wednesday after fresh consumer price data exacerbated recession fears, as the Federal Reserve aggressively hikes interest rates.

Business - Energy
7/4/2022 10:28:19 AM
Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

World - International
6/27/2022 11:18:30 AM
​In 1975, leaders of the world's wealthy democracies gathered to deal with an energy crisis sparked by a war and rampant inflation. Those same sore points are bedeviling their successors representing 46% of the global economy at this week's Group of Seven summit, with high consumer and energy prices threatening to trigger recessions in the U.S. and Europe.

World - International
6/24/2022 7:08:11 PM
A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention Friday to the severe economic turbulence from Russia's war in the neighbouring country as the conflict's full impact sinks in and the threat of recession rises.

Business - Markets & Companies
6/23/2022 11:48:40 AM
Asian markets mostly rose Thursday on bargain buying after the previous day's battering, though oil extended losses after US Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation.

Business - Markets & Companies
6/20/2022 11:46:48 AM
Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.

World - International
6/16/2022 10:55:24 PM
President Joe Biden told The Associated Press on Thursday that the American people are 'really, really down' after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are hitting family budgets.

War in Ukraine - Economy
6/2/2022 6:09:00 PM
At his garage in the south of Moscow, 35-year-old mechanic Ivan is starting to worry.

World - International
5/23/2022 1:43:00 PM
President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warned Americans worried about high inflation that it was ``going to be a haul'' before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.

Business - Markets & Companies
5/19/2022 7:18:46 PM
European and Asian markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

War in Ukraine - Economy
3/15/2022 11:09:56 AM
The government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said late Monday.

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