Tesla chief Elon Musk sent an email to executives announcing staff cuts and a worldwide hiring pause. He attributed the announcement to a “super bad feeling” he has about the economy, Reuters reports. Elon Musk, the...
A series of shocks have combined to send prices spiraling in the UK. Inflation is a global problem, but Boris Johnson’s government is being accused of making things worse for consumers. The UK is entering...
The negative economic effects from Russia’s invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries. The economic damage...
It’s the latest attempt to slow soaring inflation and quell the anger of protesting Sri Lankans calling for President Gotabaya Rajapaksa’s removal. Sri Lanka has more than $50 billion in external debt. Sri Lanka will...
Global stocks have fallen amid fears that the invasion would further fuel price rises and hurt the global economic recovery. The military intervention could deepen the food crisis in many countries, experts warn. Crude oil...
The dimmer outlook reflects faltering growth in the world’s largest economies, the United States and China. Signaling tough times ahead for households and policymakers, the IMF expects elevated price levels to persist. The global economy...
The global economic recovery is being held back by the ongoing COVID pandemic. However, the mutating coronavirus is just one of the main risks which could dampen investor spirits in the coming year. The global...
If 2021 was the year the world ran out of everything, prospects are unlikely to change much for most of next year. So, sit back and relax on your couch and continue to perfect the...
China has long considered imposing a property tax nationwide to control the country’s property bubble and curb excessive housing speculation. The top decision-making body of the National People’s Congress, China’s parliament, on Saturday announced that...
The coronavirus pandemic caused German economy to shrink dramatically according to Economy Minister Peter Altmaier, although the drop was smaller than expected. Europe’s biggest economy shrunk by 5% last year, with large parts of economic and...
Goa, a western coastal state and major tourist destination, is welcoming visitors after months under a COVID-19 lockdown. But the comeback has been slow, and often painful. The coronavirus pandemic has wreaked havoc on the...
Here in London, it is tempting to resort to black humour with headlines such as ‘Fog in UK-rest of world isolated’ just as financial markets at last appear, after nine insouciant months, to be taking...
