Europe Recession
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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.
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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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World Bank's President Sees Risk Of Stagflation, Likely Recession In Europe
World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia, prolonging the risk of stagflation, or a period of low growth and high inflation.
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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.
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Nifty, Sensex Gain, But End The Week With Losses On Global Recession Fears
Stock Market India: Equity benchmarks closed out with marginal gains on Friday, but ended the week with losses on rising global recession fears after poor economic data from Asia to Europe and Americas.
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How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
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Euro Falls To New Two-Decade Lows As Energy Crisis, Recession Risk Bites
The euro fell to a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain.
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Sensex, Nifty Start On A Rocky Note, Tracking Global Risk Assets' Sell-Off
Stock Market India: Equity benchmarks extended their losses from the fag end of last week and were in the red early on Monday, tracking a broad sell-off in risk assets as the dollar keeps gaining on rising recession risks from Europe to the US.
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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.
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Russian Gas Cut To Europe Hits Economic Hopes; Recession Risks Rise
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
-
"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 ...
-
World Bank's President Sees Risk Of Stagflation, Likely Recession In Europe
World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia, prolonging the risk of stagflation, or a period of low growth and high inflation.
-
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.
-
Nifty, Sensex Gain, But End The Week With Losses On Global Recession Fears
Stock Market India: Equity benchmarks closed out with marginal gains on Friday, but ended the week with losses on rising global recession fears after poor economic data from Asia to Europe and Americas.
-
How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
-
Euro Falls To New Two-Decade Lows As Energy Crisis, Recession Risk Bites
The euro fell to a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain.
-
Sensex, Nifty Start On A Rocky Note, Tracking Global Risk Assets' Sell-Off
Stock Market India: Equity benchmarks extended their losses from the fag end of last week and were in the red early on Monday, tracking a broad sell-off in risk assets as the dollar keeps gaining on rising recession risks from Europe to the US.
-
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.
-
Russian Gas Cut To Europe Hits Economic Hopes; Recession Risks Rise
Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
