Recession

US recession fears darken outlook for global growth

Manufacturing growth is slowing from Asia to Europe as China's COVID-19 curbs and Russia's invasion… Read More

Banking giant axes 35,000 jobs as profits slump

Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from… Read More

Germany is facing a recession: Ifo economist

Wohlrabe added that although the business climate improved in Germany’s struggling auto industry Read More

US economists expect recession in 2020 or 2021: survey

A majority of economists expect a US recession in the next two years, but have… Read More

Downward trend in crude oil prices in Asian markets

Crude oil prices facing downward trend in the world market as Brent oil price went… Read More

US recession odds jump as Trump trade wars bite

The odds of a US recession by next year have increased sharply, with mounting protectionism… Read More

Germany at risk of recession but economists keep faith

Economy Minister Peter Altmaier, who expects German growth of around 1.5 percent for 2018 compared… Read More

World’s rich confident they can scale wall of global risk: survey

LONDON: The global economic, financial and political landscape has never been shakier, but the world's… Read More

Taiwan economy booms in Q3 after coming out of recession

TAIPEI: Taiwan's economy grew at the fastest pace in more than a year during the… Read More

Recession ahead in Britain? Factories slow, business confidence tumbles

LONDON: British manufacturing shrank at its fastest pace in more than three years in July… Read More

Puerto Rico to default on $422 mn debt payment: governor

SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the… Read More

Hit by cheap oil, Canada's economy falls into recession

OTTAWA: The Canadian economy shrank again in the second quarter, putting the country in recession… Read More

US economic growth in 2014 fastest in four years

WASHINGTON: The US economy grew at its fastest pace in four years in 2014, outpacing… Read More

Anti-austerity Syriza storms to historic Greek victory

ATHENS: Radical left party Syriza swept to power in Greece on Sunday promising to end… Read More

Coca-Cola to cut 1,600-1,800 jobs

NEW YORK: US soda giant Coca-Cola plans to cut 1,600-1,800 jobs in a cost-saving move,… Read More

G20's new growth plans suspiciously long in the tooth

SYDNEY: As leaders of the world's 20 most powerful nations congratulate themselves on plans to… Read More

Election eyed as Japan slides into recession

TOKYO: Japan's economy sank into recession in the third quarter, figures showed Monday, making it… Read More