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The index of largest companies listed on the London Stock Exchange reaches its highest levelBritain’s FTSE 100 share index has passed 8,000 points for the first time, as fears of a global recession ease.In an afternoon surge, the index of the largest 1…
Index rises to 7934.30, pushing it above previous record set on 3 FebruaryThe UK’s blue-chip shares index has hit a fresh all-time high, only days after a previous record was set last Friday.The FTSE 100 index rose by almost 1% on Wednesday morning, ev…
The International Monetary Fund now expects the world economy to grow 2.9 per cent this year thanks to China dropping its zero-tolerance COVID-19 measures.
For the world’s least developed countries, the U.N. said growth is projected at 4.4% this year, about the same as last year but significantly below the UN’s target of 7% by 2030.
Exclusive: Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035Ministers have been accused of leaving a “record of failure and broken promises” as internal forecasts show Britain will be 15 years late in ach…
Amazon will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees.
Reuters: World Bank warns global economy could tip into recession in 2023 WASHINGTON (Reuters) -The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of c…
Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?Not since the early 1990s has the world faced such a period of low growth.Discounting the havoc caused by the financial c…
Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and warAny fresh setback to a global economy already rapidly weakening as a result of high inflation, interest rates and war could result in a second rec…
Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardballSome of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline…