Second global recession in a decade looms, warns World Bank
A second global recession looms this decade, the World Bank has warned as it slashed its growth forecasts for almost...
archiveGlobal economy
Goldman Sachs to cut 3,200 jobs this week
The impact of the slowdown in deals in the City last year is being felt amid reports Goldman Sachs will...
In 2023, Central Banks Will Have to Battle Inflation Amid Political Obstacles
Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask...
US bank forced to fire 40pc of staff as FTX fallout deepens
Amazon is laying off more than 18,000 employees — the biggest corporate workforce reduction in its history — in the...
‘Grinch selloff’ hits US markets as traders fear more rate rises
Another day, another set of gloomy statistics for Britain. Britain's economy contracted by more than first thought in the third...
Japan’s Christmas bombshell risks setting off another European credit crunch
The AAA stalwarts such as Germany or The Netherlands will have no trouble borrowing – yields may fall as recession...
no trains until second week of January because of strikes
Public borrowing rose last month to its highest figure for November since monthly records began in 1993. The Treasury borrowed...
Elon Musk told to quit as chief executive
Mr Musk’s poll followed a banning spree where the Tesla owner abruptly suspended, then reinstated, the accounts of multiple journalists....
Brussels accused of damaging EU competitiveness by bloc’s own banks
The European Commission is facing a fresh row with the bloc’s banking industry after a raft of financial trade bodies...
workers warn over ‘end of Royal Mail as we know it’
Sam Bankman-Fried has issued a mea culpa in a letter apologising to FTX staff for the collapse of his crypt...
