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IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
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"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
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"Monitoring Carefully": US On China Facing Economic Challenges
Many are worried about the Asian giant's struggles, with the threat of recession in Europe and high inflation in many major economies contributing to a plunge in demand for Chinese goods.
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Eurozone Entered Into Technical Recession At Start Of 2023: Report
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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Germany, World's Fourth Largest Economy, Enters Recession
The euro dropped on Thursday as Europe's largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted about a US default.
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Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
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PM Modi's Building Boom - What It Means For India
With China's massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand.
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The Year London Lost Its Markets Crown to Europe
The onset of a recession, inflation at a 41-year high, two prime ministers resigning and the highest number of strikes since Margaret Thatcher in the 1980s have helped trigger selloffs in domestic stocks and both government and corporate debt.
-
Microsoft, Amazon, Google Hit as Customers Cut Spending on Cloud, Datacentre Services
Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...
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Risk Of Recession Is High, Says Top EU Official Amid Rising Energy Prices
The threat of recession is rising in Europe, a top EU official warned on Wednesday, as skyrocketing energy prices caused by Russia's invasion of Ukraine punish the economy.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
2021 Hyundai Santa Fe SUV Teased
Hyundai, the South Korean auto manufacturer on Tuesday officially revealed the first glimpse of the 2021 Santa Fe SUV. The teaser image of the new Santa Fe reveals a significant front-end makeover sporting a refined yet rugged design of Hyundai's new-generation Santa Fe. Apart from the cosmetic updates on the outside, the SUV will also feature inte...
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Samsung's Phone Fortunes Wane as COVID-19 Hits 5G Phones in Europe and US
The world's biggest smartphone vendor, Samsung Electronics in full, warned on Wednesday of a significant drop in mobile earnings in the second quarter, as recession fears dampen demand for high-end models and carriers in major markets delay the rollouts of fast 5G networks.
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Asian Stocks Sink, Extending Global Rout On Recession Fears
Tokyo stocks plunged more than seven percent Friday after a rout on global equity markets on mounting recession fears after the US banned travel from Europe over the coronavirus outbreak.
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What's Making US Economy a World Beater? 5 Factors
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.
-
IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
-
"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
-
"Monitoring Carefully": US On China Facing Economic Challenges
Many are worried about the Asian giant's struggles, with the threat of recession in Europe and high inflation in many major economies contributing to a plunge in demand for Chinese goods.
-
Eurozone Entered Into Technical Recession At Start Of 2023: Report
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
-
Germany, World's Fourth Largest Economy, Enters Recession
The euro dropped on Thursday as Europe's largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted about a US default.
-
Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
-
PM Modi's Building Boom - What It Means For India
With China's massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a savior for flagging global steel demand.
-
The Year London Lost Its Markets Crown to Europe
The onset of a recession, inflation at a 41-year high, two prime ministers resigning and the highest number of strikes since Margaret Thatcher in the 1980s have helped trigger selloffs in domestic stocks and both government and corporate debt.
-
Microsoft, Amazon, Google Hit as Customers Cut Spending on Cloud, Datacentre Services
Microsoft, Amazon, and Intel may be girding against imminent recession, after the US tech giants revealed this week that customers had cut cloud and datacentre spending. Investors are now looking to see if there is a glut in capacity, which could lead to cuts in investment in cloud services, one of the largest and most dependable sources of growth ...
-
Risk Of Recession Is High, Says Top EU Official Amid Rising Energy Prices
The threat of recession is rising in Europe, a top EU official warned on Wednesday, as skyrocketing energy prices caused by Russia's invasion of Ukraine punish the economy.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
-
2021 Hyundai Santa Fe SUV Teased
Hyundai, the South Korean auto manufacturer on Tuesday officially revealed the first glimpse of the 2021 Santa Fe SUV. The teaser image of the new Santa Fe reveals a significant front-end makeover sporting a refined yet rugged design of Hyundai's new-generation Santa Fe. Apart from the cosmetic updates on the outside, the SUV will also feature inte...
-
Samsung's Phone Fortunes Wane as COVID-19 Hits 5G Phones in Europe and US
The world's biggest smartphone vendor, Samsung Electronics in full, warned on Wednesday of a significant drop in mobile earnings in the second quarter, as recession fears dampen demand for high-end models and carriers in major markets delay the rollouts of fast 5G networks.
-
Asian Stocks Sink, Extending Global Rout On Recession Fears
Tokyo stocks plunged more than seven percent Friday after a rout on global equity markets on mounting recession fears after the US banned travel from Europe over the coronavirus outbreak.
-
What's Making US Economy a World Beater? 5 Factors
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.
