Shrinking Output From Europe to Asia Feeds Global Recession Fear -Bloomberg
Economic activity weakened from Europe to Asia, reinforcing concerns thatsoaring prices and the war in Ukraine will tip the world into a recession....
Category : News En
Expansion of Clean Energy Loans Is ‘Sleeping Giant’ of Climate Bill – TheNew York Times
Tucked into the Inflation Reduction Act that President Biden signed lastweek is a major expansion of federal loan programs that could help thefight against climate...
UK customers face ‘catastrophic winter’ as energy costs soar, says EDF retail boss – The Guardian
The UK faces a “dramatic and catastrophic winter for customers” as energy prices soar, according to a stark warning from the head of EDF Energy’s...
French supermarkets and gas stations are capping prices – CNN
French supermarkets and gas stations have an answer to soaring inflation — freezing some prices for the next few months. On Monday, French retail giant...
UK inflation projected to hit 18.6% as gas prices surge – The Financial Times
Surging wholesale gas prices are putting the UK on a path to exceed 18 per cent inflation next year, the highest rate among larger western...
Against expectations, global food prices have tumbled – The Economist
Six months after Russian tanks rolled into Ukraine, an inflationary shock is still ripping through boardrooms, finance ministries and households, with European natural-gas prices surging...
Chip Sales Set to Slow Further as Global Recession Fears Mount – Bloomberg
Chip sales are set to cool more than previously expected as the international economy struggles under the weight of rapid interest-rate increases and rising geopolitical...
Inventory Shortages & Gluts, by Retailer Segment: Where they Are and Why – Wolf Street
The retail industry measure of inventory levels – the inventory-sales ratio – ticked up to 1.21 months’ supply at the end of June, according to...
72% of economists expect a US recession by the middle of next year – CNN
The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a survey of economists released Monday. Seventy-two...
Corporate greed isn’t to blame for high inflation – CNN
In June, US inflation hit a 40-year high of 9% and hasn’t slowed much since. Some people argue that corporate greed is a key driving...