recession
- World
Finland sinks into recession
Helsinki: Despite Finland’s gross domestic product (GDP) increasing by 2 per cent year-on-year in 2022, the country’s statistical department said that the Nordic nation has entered a recession, as GDP change was…
- Hyderabad
Gold rates in Hyderabad, other cities dip as US recession fear eases
Hyderabad: Providing a much-needed relief to the gold buyers, the yellow metal rates dipped in Hyderabad and other cities following the release of US CPI and retail sales data that eases the…
- World
Global recession likely in 2023: WEF survey
Davos-Klosters: About two-thirds of private and public sector chief economists in a World Economic Forum survey have said a global recession is likely in 2023 with almost 18 per cent saying it…
- Business
Alphabet’s health-focused company Verily to cut 15% of staff
San Francisco: Verily, the health-focused company housed under Google parent Alphabet, has announced that it will lay off 15 per cent of its workforce in a restructuring move as it strives for…
- Technology
Coinbase fires 950 people, shuts down several projects
New Delhi: Crypto exchange Coinbase on Tuesday laid off 20 per cent of its workforce, or about 950 people, to reduce its operating expenses amid the economic recession fears. Coinbase Co-founder and…
- Business
Cisco lays off nearly 700 employees in SF Bay Area in US
San Francisco: Networking giant Cisco has laid off nearly 700 positions in the Bay Area — including 80 at its San Francisco offices. According to SFGATE, the tech company has laid off…
- Business
Vimeo to lay off 11% of its workforce
San Francisco: Video sharing platform Vimeo has announced that it will be laying off 11 per cent of its workforce amid a decline in economic conditions. The announcement was made by Anjali…
- World
Third of global economy will be in recession this year: IMF
Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be “tougher” than 2022 as the…
- Business
Saudi Arabia, India remain well placed amid recession fears
“The world is still going through a phase of uncertainty amid talks of recession in the US and Europe that will have domino effect over the world. There has been a swing…
- World
Finnish economy to fall into mild recession in 2023
Helsinki: The Bank of Finland has forecast the country’s economy is expected to fall into a mild recession in 2023, although it will grow by 1.9 per cent over the entire year…
- Business
Tech layoffs surpass Great Recession levels, set to get worse in early 2023
San Francisco: The massive layoffs by the tech companies this year alone have surpassed the levels from the Great Recession the world went through 2008-2009 that began with Lehman Brothers collapse. In…
- World
UK economy rebounds in Oct but recession still looms
London: The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK. October’s rebound followed…
- India
Resign voluntarily with monetary benefits by Nov 30: Amazon to Indian employees
New Delhi: Amid ongoing layoffs in tech giants, Amazon has asked some of its Indian employees to resign voluntarily by November 30. The company also offers monetary benefits to employees who opt…
- Technology
Avoid buying big TV, car, refrigerator: Bezos warns of recession
San Francisco: Amazon founder Jeff Bezos has warned consumers and businesses to postpone large purchases during the holiday season in anticipation of an economic recession. In an interview with CNN, he advised…
- World
Most EU countries set to slide into recession in Q4
Brussels: European Commissioner for Economy Paolo Gentiloni warned that the outlook for next year has “weakened significantly”, and that most European Union (EU) countries will be in recession in the fourth quarter…
