Economy

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US bear market deepens: What that means for you
US stocks are in a free fall as recession fears and a slew of uncertainties return after a brief late summer rally.
Published On 30 Sep 2022
American consumers spent more in August, as prices rose
The spending suggests that the US economy is resilient despite high inflation and wild swings in the stock market.
Published On 30 Sep 2022
US unveils plan for long-term baby formula imports
The United States has been forced to turn to foreign manufacturers to boost formula supplies since February.
Published On 30 Sep 2022
Eurozone inflation hits record 10 percent
ECB is expected to hike rates as price growth in the 19 eurozone countries accelerated to 10 percent this month.
Published On 30 Sep 2022

The walkout over a pay dispute comes after failed negotiations, hitting postal deliveries across the UK.

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

Targets reportedly included chief economic minister, senior military personnel and two regional diplomats.

Authorities say perpetrator of one of country’s biggest cyberattacks used ‘obfuscation techniques’ to hide identity.

City-state tightens lending limits for housing loans in response to rise in interest rates.

Asia’s fourth-largest economy sees industrial output shrink a worse-than-expected 1.8 percent in August.

Two consecutive quarters of economic contraction is an informal rule of thumb for a recession.

The economy grew 0.1 percent in July, compared with a forecast for a 0.1 percent decline, but inflation persists.

Several tech giants have been forced to cut headcount in recent months amid fears of a looming recession.

Republicans ramp up attack on Joe Biden’s student debt forgiveness plan, saying US president overstepped his powers.

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