Recession

Surat diamond firm announces 10-day 'vacation' for 50,000 employees citing recession

As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds.

06 August 2024, 14:14 IST

Surat diamond firm announces 10-day 'vacation' for 50,000 employees citing recession

06 August 2024, 14:14 IST

UK economy puts recession behind it but inflation pressures rise

Adding to signs that Britain's shallow recession of last year is likely to be short-lived, the preliminary February SP Global/CIPS UK Composite Purchasing Managers' Index (PMI), which spans services and manufacturing firms, rose to 53.3, the highest in nine months, from January's 52.9.

22 February 2024, 10:10 IST

UK economy puts recession behind it but inflation pressures rise

22 February 2024, 10:10 IST

UK by-election results deliver double trouble for Rishi Sunak

Labour’s Dan Egan won the House of Commons seat of Kingswood, south-west England, and the party’s Gen Kitchen won Wellingborough, in the East Midlands region of England.

16 February 2024, 09:23 IST

UK by-election results deliver double trouble for Rishi Sunak

16 February 2024, 09:23 IST

No lunch in Ginza: Japan's scaled-back spending helps push economy to recession

Japanese consumers, used to years of flat prices, have been punished as the weak yen currency has driven up the cost of living, and everything from food to fuel.

15 February 2024, 17:20 IST

No lunch in Ginza: Japan's scaled-back spending helps push economy to recession

15 February 2024, 17:20 IST

UK economy enters recession, spells trouble for PM Rishi Sunak

In January last year, Sunak had made growing the economy one of his five pledges ahead of an election year in 2024, besides halving inflation, getting debt falling, tackling illegal migration and cutting health service waiting lists.

15 February 2024, 13:29 IST

UK economy enters recession, spells trouble for PM Rishi Sunak

15 February 2024, 13:29 IST

How were so many economists wrong about the US recession?

Most economists expect the US to avoid a recession in 2024 as both inflation and unemployment are headed in the right direction and things went well.

27 December 2023, 04:25 IST

How were so many economists wrong about the US recession?

27 December 2023, 04:25 IST

Amid lurking recession and limited spending by clients, India's $245bn IT sector accepts tougher contracts

Clients are slashing expenditure on discretionary projects amid inflationary pressures, while making IT firms agree to conditions like guaranteeing minimum cost savings, billing the client only if certain goals are achieved among others.

19 December 2023, 09:42 IST

Amid lurking recession and limited spending by clients, India's $245bn IT sector accepts tougher contracts

19 December 2023, 09:42 IST

Biden does not expect recession in 'strong' US economy

Biden delivered his remarks on Tuesday at a private fundraiser in Chevy Chase, Maryland.

27 June 2023, 23:01 IST

Biden does not expect recession, says US economy is 'strong'

Biden does not expect recession in 'strong' US economy

27 June 2023, 23:01 IST

New Zealand dips into recession

Inflation in New Zealand is tracking at 6.7%, well above the central bank’s target band of 1% to 3%.

15 June 2023, 04:00 IST

New Zealand dips into recession

15 June 2023, 04:00 IST

Eurozone slipped into mild recession early in the year

Growth in the 20 nations that use the euro currency declined in the first three months of the year by 0.1%, revised data showed

08 June 2023, 16:34 IST

Eurozone slipped into a mild recession early in the year

Eurozone slipped into mild recession early in the year

08 June 2023, 16:34 IST