global economy

Whenever a recession hits the world economy, women have found themselves at the centre of a distinct struggle, facing various obstacles unique to their gender. As economic pressures intensified, wage disparities widened, and access to…

Last Updated: July 28, 2023, 12:24 ISTTaiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. (Twitter)TSMC launches massive…

“There's been cases in history where central banks have lifted up the fight too soon, only to see expectations sort of normalise above target levels, and then it's much harder to fight it later on,” he said. Inflation remains one of the…

Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US.“Many countries do depend on strong Chinese growth to promote growth in…

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Global stocks mostly fell Tuesday following a smaller-than-forecast Chinese interest rate cut, while a pullback in US markets suggested a rally was running out of steam.Asian stocks finished mostly lower, as did European equities. All three…

Last Updated: June 17, 2023, 00:40 ISTNew York, United States of America (USA)Oil has gained this week on hopes of growing Chinese demand. China's refinery throughput rose in May to its second-highest total on record. (Image: Reuters…

WASHINGTON: The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia's invasion of Ukraineand the lingering effects of the coronavirus pandemic.That's the latest outlook of the…

Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.The announcement came following a meeting of the 13-member Organization of the Petroleum…

Germany, the world's fourth-largest and Europe's largest economy, has become the first major economy to enter recession. However, a large number of people across the world already feel their economy is in a state of recession.A 29-nation…