Global recession

Last Updated: June 30, 2023, 00:46 ISTNew York, United States of America (USA)Rising interest rates and shrinking crude supplies create uncertainty in oil market. (Photo: Reuters)Brent crude futures rose 31 cents, or 0.4%, to $74.34 a…

Individually, smartphone OEMs fared differently—some reported increase in production volume, while some saw massive decreases.TrendForce has reported new findings which show a historic low in global production volume, as the ongoing…

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<!-- -->FIIs have been on a selling spree. (File)4 Reasons Why FIIs Are Selling Indian StocksForeign investors love to invest in India. They can find stocks across categories, small and large, that are fundamentally strong and are…

Business Matters: Will global layoffs jolt India’s IT industry? There has been a slew of layoff announcements in the Western corporate world these past months, gathering pace over recent weeks. The latest was Google’s announcement that…

Referring to the recently released annual report by the World Bank wherein experts predicted a global recession in 2023, former Reserve Bank of India (RBI) governor Raghuram Rajan has said that it is premature to think that India will…

For the straight 16th month, the property market in China saw a slump in home prices, as widespread covid outbreaks “complicated” efforts to rescue the sector that has for months witnessed a steady fall. As per a Bloomberg report, 70 cities…

Last Updated: January 13, 2023, 06:31 ISTWashington, United StatesIMF chief Kristalina Georgieva said inflation rates across the world remain stubbornly high (Image: Reuters)IMF chief Kristalina Georgieva said central banks across the world…

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23. In its Global Economic Outlook report, World Bank maintained India's growth outlook has been maintained at the same level as that of…

WASHINGTON: The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday.In an annual report, the…