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NEW YORK — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according…
Read more Fed’s rate hikes likely to cause a recession, research saysBONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural…
Read more German energy czar warns: Don’t let guard down on gas supplyBANGKOK — Shares were mostly higher in Asia on Monday after Wall Street closed out another bumpy week with a mixed performance. U.S. futures edged lower, while oil…
Read more Asian shares mostly higher as inflation worries dog Wall StABUJA, Nigeria — No one in Godgift Inemesit’s family of eight is sure when they will eat each day — except for her three kids, two of whom…
Read more Nigerian cash crisis brings pain: ‘Everything is just tough’NEW YORK — Stocks are slipping on Wall Street Wednesday after a report showed U.S. shoppers opened their wallets at retail stores last month by much more than…
Read more Stocks slip on Wall Street amid fears about inflation, ratesAs Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal…
Read more ‘Fed is not your friend’: Wells Fargo delivers warning ahead of key inflation reportFRANKFURT, Germany — The European Union’s executive branch has raised its economic growth forecast for the year, saying Europe will narrowly avoid a recession and has already passed…
Read more EU foresees economy improving, but inflation still painfulNEW YORK — Wall Street is drifting on Friday as stocks head toward the close of their worst week since December. The S&P 500 was virtually unchanged in…
Read more Wall Street drifts, heading for worst week since DecemberNEW YORK — Wall Street is drifting lower on Friday as stocks head toward the close of their worst week since December. The S&P 500 was little changed…
Read more Wall Street dips, stocks head for worst week since DecemberLONDON — The small notice pinned to a wall at Union Chapel in north London is a sign of despair for charity workers dealing with the fallout from…
Read more UK economy avoids decline but cost of living pains manyCOLOMBO, Sri Lanka — Sri Lanka’s president on Wednesday appealed for patience amid the country’s worst economic crisis but promised brighter times ahead. President Ranil Wickremesinghe said in…
Read more Sri Lankan leader appeals for patience amid economic crisisWASHINGTON — Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that…
Read more State of the Union: Biden sees economic glow, GOP sees gloomCOLOMBO, Sri Lanka — Sri Lanka marked its 75th independence anniversary on Saturday as a bankrupt nation, with many citizens angry, anxious and in no mood to celebrate.…
Read more Sri Lanka marks independence anniversary amid economic woesJAKARTA, Indonesia — Southeast Asian foreign ministers are meeting in Indonesia’s capital Friday for talks bound to be dominated by the deteriorating situation in Myanmar despite an agenda…
Read more ASEAN foreign ministers meet under shadow of Myanmar crisisLONDON — Struggling U.K. regional airline Flybe collapsed for the second time in three years Saturday, putting jobs on the line and leaving passengers stranded. The airline initially…
Read more Flights canceled as UK airline Flybe sinks into bankruptcyWASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes…
Read more US inflation and consumer spending cooled in DecemberBy most measures, the U.S. economy is in solid shape. Although the first half of 2022 started off with negative growth, a strong labor market and resilient consumer…
Read more What is a ‘rolling recession’ and how does it affect consumers? Economic experts explainISLAMABAD — Pakistani authorities on Wednesday ordered shopping malls and markets to close by 8:30 p.m. as part of a new energy conservation plan aimed at easing the…
Read more Pakistan orders malls to close early amid economic crisisHONG KONG (AP) — Chinese technology giant Huawei says it has emerged from “crisis mode” after years of U.S. restrictions that have stifled its overseas sales, even though…
Read more Huawei says it’s out of ‘crisis mode,’ though revenue flatBEIJING — Asian stock markets were mixed Tuesday ahead of updates on U.S. employment amid fears of a possible global recession. Shanghai and Hong Kong gained. Seoul and…
Read more Asian markets mixed ahead of Fed report, US jobs data
