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2 mins read
Europe faces a 'full-blown recession' under Trump's tariffs, big bank says
Trump has pledged to launch fresh tariffs on imports into the US during his second term, which woul…
Polly Thompson,Will Martin
2 mins read
After Germany enters recession, fears in Singapore of 'technical recession'
Singapore fears slipping into a 'technical recession' in the second quarter as the challenges in th…
ANI
4 mins read
A baby boomer says he collects enough in retirement benefits to live a good life in Germany but doesn't think his money would go as far in the US
Gary Hohenstein, 73, retired early and moved to Germany with his wife. He said his benefits go furt…
John Towfighi
2 mins read
The US economy is booming — but Japan and the UK just slipped into recession. Here's why.
The economies in both Japan and the UK contracted in the last three months of 2023, signaling a rec…
George Glover
3 mins read
The US dollar is trading at its strongest level against the euro in 20 years as recession fears push the pair closer to parity
"Slowdowns fears are now arguably the main driver of currencies globally," said one strategist at t…
Carla Mozée
2 mins read
Germany's government tells citizens to brace for a recession while Biden tries to quiet fears in the US
Germany is dealing with skyrocketing energy prices that the US is not. But the US has its own warni…
Jason Lalljee
2 mins read
Germany is 'on the cusp of a recession' amid Russia's natural-gas squeeze and energy inflation, economist says
The Business Climate Index from the German think tank Ifo Institute is down to 88.6 — its low…
Huileng Tan
5 mins read
Germany is on the brink of recession due to energy security, and other parts of Europe could be close behind
Germany and Austria have activated emergency plans that could lead to gas rationing, but the Nether…
Huileng Tan
4 mins read
How Germany Europe's biggest economy — became so dependent on Russian natural gas that it faces a 'virtually unavoidable' recession if it cuts off supply
Russia accounted for 55% of Germany's natural-gas imports in 2021 and 40% in the first quarter of 2…
Huileng Tan
1 min read
Germany is under pressure to ban Russian natural gas, but Deutsche Bank's CEO says cutting supply would send the country into a 'virtually unavoidable' recession
Due to the war in Ukraine, German banks are now expecting the country's GDP growth to slow to 2% in…
Huileng Tan
1 min read
Citigroup's CEO says she is certain that war in Ukraine and the energy crisis will plunge Europe into a recession
War in Ukraine and the energy crisis have left Europe highly vulnerable to economic downturn, Jane …
George Glover
2 mins read
Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis
Any economic performance achieved in the first quarter was largely in part due to 45 million people…
Shalini Nagarajan
3 mins read
The horrendous impact of coronavirus on Europe's economy is growing clearer as GDP shrinks 3.8%, and Germany, France, and Spain report catastrophic data
The eurozone economy declined at the fastest pace on record by 3.8% in the first quarter of 2020 as…
Shalini Nagarajan
2 mins read
European natural gas prices soar 17% after Russia says it will slash supplies to the continent, driving fears of a deep recession
Russia said it will cut supplies through the Nord Stream 1 pipeline to 20% of capacity, further bat…
Harry Robertson
2 mins read
The European Central Bank just hiked interest rates for the first time in 11 years, amid political and economic crisis
The ECB opted to hike interest rates by an outsized 50 basis points in a bid to cool red-hot inflat…
Harry Robertson
2 mins read
Russia restarts natural gas flows to Europe through Nord Stream pipeline, cooling prices and recession fears
Politicians across Europe were breathing a sigh of relief Thursday as Russia restarted flows of nat…
Harry Robertson
2 mins read
Europe's natural gas crunch will further weaken the US economy by hitting trade between the two, Goldman Sachs warns
Goldman now expects Germany to tip into recession as the energy crunch intensifies, with negative c…
Harry Robertson
2 mins read
It's a matter of 'when and not if' Europe gets hit by power crunch as Russia chokes off energy supplies, Rystad Energy says
Europe is going to be underprepared for the chaos it will face this winter as alternative options t…
Zahra Tayeb
2 mins read
Mega-cap tech dominance in the S&P 500 is obscuring investor bets that the US may already be in a recession
The S&P 500 is up this year on a top-heavy rally in Nvidia and other tech stocks. BlackRock says an…
Carla Mozée
2 mins read
US stocks dive as bond yields flash recession warning and investors brace for inflation reading
The spread between the yields on the 10-year and 2-year Treasury bonds inverted to their deepest po…