Protests and violence are so routine in Bangladesh that treating the ongoing crackdown on opponents of Sheikh Hasina as anything other than the noise generated by the election might seem like a stretch. From the latest deaths of opposition activists in police shootings, and the opposition Bangladesh Nationalist Party (BNP) demanding an “interim” administration that …
BlackRock’s best minds seem worried. Investment strategists at the world’s largest asset manager have warned of a coming recession, stubborn inflation and a new era that won’t be so kind to investors in their Global outlook 2023 released this week. “The Great Moderation, the period of four decades of largely stable activity and inflation, is …
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Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …
White-collar layoffs soar at brand companies amid economic downturn Read More »
Brian Brenberg, Fox News contributor and professor of economics at King’s College, reacts to the November ADP report. The explosion of US government borrowing over the past 15 years has been fueled not by loans from China and Japan, but by the purchase of Treasury bills by US financial institutions, state governments and other national …
U.S. stocks edged lower on Tuesday as Wall Street continued a slow start to the week as investors continued to watch China’s COVID policy and anticipate Federal Reserve Chairman Jerome Powell’s expected speech. The S&P 500 (^GSPC) fell 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was virtually …
Live stock market news updates: Stocks drop on China COVID concerns, economic data Read More »
Growing protests over tough pandemic restrictions in China – the world’s second largest economy – are injecting a new element of uncertainty and instability into the global economy as nations already struggle to manage the fallout from a war in Ukraine, an energy crisis and painful inflation. For years, China has served as a global …
Chinese lockdown unrest upends global economic outlook Read More »
Speech by Christine Lagarde, President of the ECB, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament Brussels, 28 November 2022 Over the past 12 months, the ECB has embarked on a rapid and comprehensive process of monetary policy normalization. First, we ended net asset purchases within months. Then …
Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Read More »
US home sales extend their decline as Federal Reserve tightening pushes mortgage rates higher. This has helped bring inflation under control, which is now receding from four-decade highs. But a slowdown in the real estate market also increases the risk of recession. Loading Something is loading. Thank you for your registration! Access your favorite topics …
Investors and economists have sounded the alarm bells over the recession. But a top economist who has seen warning signs build up for many months said this potential recession is different from what we are used to. This economist is Mohamed El-Erian, former managing director of the highly influential bond market player PIMCO. He also …
