recession
- Business
Global markets slide on recession fears
London: Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession, a media…
- 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…
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