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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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Business
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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.
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World
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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.
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Business
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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.
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World
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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.
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War in Ukraine
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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World
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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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Business
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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.
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War in Ukraine
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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.
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World
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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.
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Business
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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.
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Business
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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.
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Egypt
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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.
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World
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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.
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