Dow plunges low to 2022 on fear of recession in global markets

BEIJING — Shares fell sharply worldwide on Friday on concerns that an already slowing global economy could slide into recession as central banks ramp up pressure with additional rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P500 fell 1.7%, close to the mid-June 2022 low, … Read more

Stocks open mixed on Wall Street after Labor Day holiday

NEW YORK — Shares open mixed on Wall Street as the market kicks off a week of short break with a muted start. the S&P500 was just in the green early Tuesday as the tech-heavy Nasdaq wavered between small gains and losses. The Dow Jones Industrial Average had also changed little. ADT rose 12% after … Read more

Tunisia..the growth of the economy and the fall in unemployment rates – Sky News Arabia Sky News Arabia

Tunisia..The growth of the economy and the fall in unemploymentSky News Arabia Sky News Arabia Tunisian economy grows by 2% in second quarterAlittihad newspaper Al Ittihad newspaper Tunisia’s economy grows by 2.8% despite the crisesMiddle East newspaper Tunisia..The growth of the economy and the fall in the unemployment rate | #Maghreb_windowSky News Arabia Tunisian economy … Read more

UK economy shrinks in Q2, recession fears intensify

LONDON — The United Kingdom’s economy contracted in the three months to June, figures released Friday showed – a smaller-than-expected contraction that nevertheless added to the jitters over the rocky months ahead. According to the Office for National Statistics, Britain’s gross domestic product fell by 0.1% between April and June, compared to a growth of … Read more

US economy shrinks again, fueling recession fears

CNN — The US economy contracted again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a comprehensive measure of economic activity, declined 0.9% year-on-year from April to June. That drop marks an important symbolic threshold for the most widely used – albeit unofficial – definition of a recession as … Read more

Turkey’s 80 percent inflation as Erdogan’s gamble on interest rates explodes in his face

Australia’s annual inflation rate has reached its highest level since Bob Hawke took office in 1990 and is expected to continue rising in the coming months. That means the Reserve Bank will almost certainly raise interest rates again when it meets next Tuesday, putting more pressure on cash-strapped households in a bid to keep inflation … Read more

Australian inflation is expected to hit a 30-year high this month as costs rise

The pain Australians are experiencing will hit hard before the end of the month, when inflation is expected to hit a 30-year high. The pain will continue next month for Australians hit hard by a cost of living crisis with no end in sight. Consumers and businesses are now well aware that bills will rise … Read more

Free trade agreements give momentum to Cambodia’s economic growth: experts

PHNOM PENH, Jul 13 (Xinhua) — Free trade agreements (FTAs) have boosted Cambodia’s economic growth, attracting investment and providing greater market access for products made in Cambodia, experts said Wednesday. How Ee Khor, chief economist of ASEAN (the Association of Southeast Asian Nations) +3 Macroeconomic Research Bureau (AMRO), said the Regional Comprehensive Economic Partnership (RCEP), … Read more

China’s tech regulation becomes ‘rational’: JD.com top manager

At China’s annual 618 shopping festival, domestic e-commerce giants including JD.com rack up billions of dollars in sales on their platforms. The 2022 edition comes against a background of slowing economic growth in China and sluggish consumer spending. VCG | Getty Images Regulations for China’s tech sector aren’t relaxing, it’s just getting more “rational,” a … Read more

Economic growth makes her bankrupt

For life as we know it to continue, we must recognize that there are natural limits to growth. Economic growth equals increased demand, which is simply unsustainable in a finite world, writes Keith Prenell. THERE IS a dark side to economic growth. History has seen human communities evolve from hunter-gatherers to farmers, to industrialists, and … Read more