Global economy approaching a recession, central banks unchained - Reuters poll
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation.
European shares slide for fifth straight day on growth worries
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
BoE widens action on 'UK financial stability' fears
The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned over risks to the nation's financial stability.
UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England's inflation headaches.
Dollar climbs as case for U.S. rate hikes firms
The dollar started the week firmly on Monday, with a strong U.S.
Futures Pare Losses As Jobless Claims Data Calms Rate-hike Fears
U.S. stock indexes futures pared losses on Thursday, with Nasdaq futures briefly turning positive after data showing an increase in weekly jobless claims suggested the Federal Reserve may need to ease its aggressive monetary tightening cycle.
U.S. Weekly Jobless Claims Surge Partly Because Of Hurricane Fiona
The number of Americans filing new claims for unemployment benefits increased by the most in four months last week, but the labor market remains tight even as demand for labor is cooling amid higher interest rates.
Euro zone bond yields rise, focus on economic data
Euro zone government bond yields rose on Wednesday, but stayed well below multi-year highs, as concerns about systemic risks and economic slowdown led investors to lower bets on where interest rates might peak.
Mini-budget: lessons from the UK's long history of economic crises
From 1925, the Bank of England had kept interest rates high to keep the pound at a fixed parity to gold
Euro zone eyes temporary, targeted energy support amid high inflation
Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said.
European stocks climb, pound stalls on mixed data
European stock markets climbed Friday but the pound and euro fell as traders assessed mixed growth and inflation data.
Eurozone inflation jumps to record 10% as energy prices soar
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday.
Swiss National Bank ends era of foreign currency purchases
The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, data on Friday showed, ending an era of heavy foreign currency purchases to curb the franc's gains.
Rideshare, Retailers Brace For Tough U.S. Independent Contractor Rule
After weeks of lobbying the White House on how gig workers should be treated, the rideshare, delivery and retail industries are bracing for a new rule that is likely to make it easier to classify them as employees, multiple sources say.
Fed's Evans Sees Interest Rates Peaking At 4.50-4.75%
The U.S. Federal Reserve will need to raise interest rates to a range between 4.50% and 4.75%, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank's hardening resolve to quash excessively high inflation.
Mini budget: how will tax cuts and stamp duty affect young adults?
Liz Truss's government is following an economic doctrine which argues that richer people are more likely to invest, set up businesses, hire people and grow the economy.
Fraudsters likely stole $45.6 billion from U.S. unemployment insurance program in COVID
Fraudsters likely stole $45.6 billion from the United States' unemployment insurance program during the COVID-19 pandemic by applying tactics like using Social Security numbers of deceased individuals, a federal watchdog said on Thursday.
Fed Set For Big Rate Hike As Waters Get Choppy For World's Central Banks
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
Analysis-Rally In U.S. Consumer Stocks Teeters With Fed, Inflation In Focus
Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the sector will outperform other areas of the market if growth begins to wobble in coming months.
US Fed Set To Raise Interest Rates As Recession Fears Mount
US Fed set to raise interest rates as recession fears mount
Spain's domestic staff fight to end discrimination
For years, Aracely Sanchez went to work without counting her hours, always fearful she could lose her job from one day to the next.
Frugal is the new cool for young Chinese as economy falters
Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands.
Asian stocks brace for salvo of central bank hikes
Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States.
With Charles king, His Prince's Trust Youth Charity goes on
A British youth charity set up by the then Prince Charles in the 1970s that has helped a million young people, including actor Idris Elba, to get training, find work or create community projects will continue to operate now he is monarch.
Fuel Prices Jump In Kenya After Subsidies Cut
Fuel prices jump in Kenya after subsidies cut
What Kenya's New Presidency Could Look Like
What Kenya's new presidency could look like
UK unemployment hits lowest since 1974 but jobs boom is fading
Britain's jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the workforce and there were other signs that the country's jobs boom is petering out, adding to the Bank of England's inflation headache.
Uber pays New Jersey $100 million in back taxes over driver employment status
Uber Technologies Inc said on Monday it back-paid New Jersey $100 million in unemployment taxes over classifying drivers as contractors
Gusher Of Pandemic Aid Averted Global Depression, But Left A Bad Hangover
Economists around the world, from the most liberal free-spenders to fiscal conservative deficit hawks, largely agreed the coronavirus pandemic required a go-big, go-fast policy response to avoid an outright global depression.
An outspoken prince, King Charles may have to bite his tongue
Throughout his long wait to ascend the throne, King Charles stood out for his outspoken views on everything from climate change to architecture.