Tag: recession

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Banking turmoil means recession fears are creeping back

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets...

Oil slips for third day as recession fears mount

Oil fell for a third day on Thursday as fears over the economic impact of rising interest rates offset a surprise drop in U.S....

Fitch sees recession coming in Germany, Italy later in 2023

Fitch sees Germany and Italy’s economies going into recession by the end of this year as they battle to control inflation, although the Eurozone...

Stocks shrug off rate risks as data tempers recession worries

Stocks rose on Thursday as economic data from around the world fed hopes that the global economy might not face as hard a landing...

Recession alarm bells are ringing, but (much) less loudly than before

The rapid reopening of China's economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and...

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IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts

The global oil market will see a slight surplus...

AfDB hybrid capital note could launch before end-November

 The African Development Bank (AfDB) could launch its debut...

Scholz pledges greater investment in Africa’s green energy sector

Germany will invest 4 billion euros in green energy...

World Bank sees $12 billion support to Kenya over next 3 years

The World Bank said on Monday that it foresaw...

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