The Latest Breaking News from Recession

The electric vehicle (EVs) industry is growing but remains constrained by supply chain disruptions and the lack of EV charging stations. Moreover, rising recession fears have hampered consumer sentiment and could decelerate aggregate demand. So, fundamentally weak electric vehicle stocks Rivian Automotive (RIVN) and Lucid Group (LCID) are best avoided…

London (AFP) - Stock markets recovered further Thursday as investors weighed recession risks, while the pound rallied on the resignation of Britain's scandal-hit Prime Minister Boris Johnson as leader of the Conservative party.

The flood of ministerial resignations from UK prime minister Boris Johnson’s government in recent days started with Rishi Sunak’s resignation as UK chancellor of the exchequer on July 5 2022, alongside health secretary Sajid Javid’s. His resignation letter cited differences of opinion over the economy, saying that a “low-tax, high-growth…

Hong Kong (AFP) - Equities rose Thursday following a recent sharp drop, though recession fears continue to cast a shadow over markets with the euro stuck around 20-year lows and crude struggling to bounce back from this week's hefty selling.

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows and equities were mixed as recession fears continued to cast a pall across trading floors. Expectations for a contraction in some of the world's leading economies, including China, where a new Covid-19 flare-up has generated…

Hong Kong (AFP) - Equities rose Thursday following a recent sharp drop, though recession fears continue to cast a shadow over markets with the euro stuck around 20-year lows and crude struggling to bounce back from this week's hefty selling.

Hong Kong (AFP) - Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows, and while stocks bounced from early losses recession fears continued to cast a pall across trading floors.

Colombo (AFP) - Cash-strapped Sri Lanka raised interest rates one percentage point Friday, the second sharp hike in three months, as the central bank warned of 80 percent inflation and a painful recession.

Hong Kong (AFP) - Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows and equities were mixed as recession fears continued to cast a pall across trading floors.