World dangerously close to recession, warns World Bank President

London, Oct 13: World Bank President David Malpass on Thursday warned that the global economy is "dangerously close" to a recession and called for targeted...

To tame inflation, European Central Bank raises rates by unprecedented 75 bps

Brussels, Sept 8: The European Central Bank raised interest rates by an unprecedented 75 basis points on Thursday to tame runaway inflation, even as a...

Global food inflation eases, Crop Futures retreat to pre-war levels

While the outlook for global crops is improving from the tumultuous weeks after Russia’s attack on Ukraine, the threats of drought, flooding and blistering...

IMF warning of global ‘recession’: What it could mean to us

The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the...

For first time since 2002, Euro falls below dollar parity

The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve...

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