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TECHNICAL RECESSION
Canada introduces legislation to ban social media for children under 16, regulate AI chatbotsThe bill also aims to make AI chatbots safer by setting up a digital regulator to establish safety standards, a government official said. C...- War weighs on global growth with price worries intensifyingGlobal economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors...
- Walmart cuts 1,000 jobs amid AI push: Are even retail jobs not safe in the AI era? Walmart layoffs leave employees searching for answersWalmart layoffs: Walmart is cutting around 1,000 corporate jobs as part of a major restructuring. The layoffs are affecting teams in techno...
- US Workers’ paychecks lose buying power for first time since 2022: What is crushing middle-class Americans despite rising wages and bigger paychecks running higher?US inflation rose to 3.8% in April. That is the highest level since May 2023. American workers are now losing buying power again as rising ...
- Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall StreetUS stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell...
- Is UK economy on the brink of recession? Growth slows, job market faces biggest hit since pandemic as Iran tensions and energy costs weighUK economy recession warning: Britain's economy is nearing a recession. New forecasts predict difficult times for workers and businesses. R...
- Global Market | From Panic to Pause: Bonds face a new ‘higher for longer’ phaseGlobal bond markets show signs of stabilization following a war-driven selloff, but a full recovery is unlikely due to persistent inflation...
- Trade Tensions & Tariffs: Will Singapore enter a technical recession?
- Singapore could enter technical recession, trade ministry official saysSingapore may enter a technical recession with two consecutive quarters of contraction, but a full-blown recession is not certain, accordin...
- Goldman raises odds of US recession to 35%, predicts three interest rate cutsGoldman Sachs has raised the chance of a U.S. recession to 35% from 20% and expects more rate cuts by the Federal Reserve due to impacts of...
- UK recovering faster than expected after slipping into technical recession: IMFThe UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025, IMF said. Soft landing in ...
- Japan Q4 GDP revised up to slight expansion, economy avoids recessionRevised government GDP data showed Japan's economy avoided a technical recession. The upward revision highlighted concerns about sluggish e...
- Eurozone in recession at the start of 2023The Eurozone has been confirmed as entering a 'technical recession' after the region shrank by 0.1% in Q1 2023, marking two consecutive qua...
- European Central Bank: Recession "has become more likely""People and firms are already feeling the impact of rising inflation and the slowdown in economic activity," ECB Vice President Luis de Gui...
- Explainer: How to know when a recession has begunFor more such web stories click on the ET icon below
- US enters 'technical recession'. But why is Dalal Street rallying?The US economy entering a 'technical recession' is not good news for India and the world. But analysts said one should not see too much int...
- Sensex climbs 550 points, Nifty tops 17,100; Tata Steel up 4%, Dr Reddy's drops 4%"The market ignored the technical recession in the US and is pinning faith on the resilience of the economy, as reflected in low unemployme...
- India has entered into recession due to PM Modi's policies: Rahul GandhiRahul Gandhi cited a news report wherein the Reserve Bank of India has said that the country's GDP is likely to contract by 8.6 per cent in...
- India in historic technical recession, signals RBI in its first-ever nowcastGross domestic product contracted 8.6% in the quarter ended September, the Reserve Bank of India showed in its first ever published ‘nowcas...
- US recession 'likely over' technically: BernankeFederal Reserve chairman Ben Bernanke said Tuesday the US recession "is very likely over" technically but that the economy may remain weak ...
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