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    UK borrowing costs jump again as BoE sticks by bond plan deadline

    12 Oct 2022

    British government borrowing costs jumped again on Wednesday after Bank of England (BoE) Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank ends emergency bond-buying that has provided support. The 20-year gilt yield hit its highest in 14 years at 5.141 per cent, and 30-year yields

    WTO chief warns world edging into ‘global recession’

    27 Sep 2022

    The World Trade Organization’s chief said on Tuesday she believes the world is heading towards a global recession due to multiple colliding crises, and called for radical policies to revive growth.

    IMF chief warns global economic crisis ‘far from over’

    09 Sep 2020

    The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.

    Oil spurt lifts global stocks after three-day losing streak

    05 May 2020

    Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment.

    Global stocks turn sour as fears of second virus wave seep in

    11 May 2020

    Stock markets fell on Monday after reports of a pick-up in new coronavirus cases rattled investors, who worried that it could slow or reverse the loosening of lockdown measures.

    France sinks deeper into recession as GDP falls 14 per cent in Q2

    31 Jul 2020

    France is faring worse than Germany, Europe’s largest economy, which on Thursday reported a 10.1% plunge in GDP during the April-June period as its exports and business investment collapsed.

    OECD says global recession not as deep as expected, lifts outlook

    16 Sep 2020

    The global recession this year will not be as deep as expected as a result of countries’ efforts to counter the economic fallout from the coronavirus pandemic, the OECD said on Wednesday.

    IMF sees pandemic causing global recession in 2020, recovery in 2021

    24 Mar 2020

    The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.

    Wall Street flat on recession fears, energy shares offer support

    28 Aug 2019

    NEW YORK: Wall Street treaded water on Wednesday after moves in the US bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.

    As recession fears grow, strong US hiring is likely slowing

    05 Aug 2022

    The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, US employers just kept adding hundreds of thousands of workers, often beating forecasters’ expectations. But now economists worry that signs of weakness are starting to turn up in hiring, threatening

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