recession
- World
Bank of England warns of longest recession in 100 yrs
London: The Bank of England has warned the UK risked being plunged into the longest recession in 100 years after it pushed up the cost of borrowing to 3 per cent in…
- Business
Bank of England makes biggest interest rate hike in 30 years
London: The Bank of England on Thursday raised the base rate of interest by 0.75 percentage points to 3 per cent, the single biggest increase in more than three decades, as it…
- Business
World dangerously close to recession, warns World Bank President
Washington: World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered…
- World
Higher oil prices could tip world economy into recession: IEA
London: Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic, and the cartel’s actions may tip the global…
- Business
More than 1 in 2 senior business executives see recession looming: Report
New Delhi: More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey. Moreover, nearly 30…
- World
World Bank warns of rising global recession risk amid simultaneous rate hikes
Washington: As central banks across the world are simultaneously hiking interest rates in response to inflation, the world may be edging toward a global recession in 2023, the World Bank warned. Central…
- Business
Global recession fear drags down crude oil prices
Crude oil prices once again took a dip today amid concerns about a potential global recession. Today, the Brent crude oil price reached $91.51 per barrel which is over six percent less…
- World
Russian gas shutdown would send some EU countries into recession: IMF
London: A total shutdown of Russian gas supply would reduce GDP in the most vulnerable EU countries by as much as 6 per cent and send them plunging into recession, the International…
- Technology
Chinese app TikTok begins laying off people amid restructuring
New Delhi: Chinese short-video making app TikTok has started sacking employees worldwide as part of “a much larger re-organisation effort”. Owned by ByteDance and banned in India for last two years, TikTok…
- Technology
Netflix bids goodbye to 300 employees in 2nd round of layoffs
San Francisco: After laying off several employees recently, popular video streaming platform Netflix has once again shown the exit door to an additional 300 employees in the second round of layoffs. According…