The International Monetary Fund warns the world is in a fundamental shift towards ‘more fragility’ and ‘uncertainty’.
Investors are fretting over financing for the $44bn buyout as economic uncertainty grows.
The United States labour market remains tight even as demand for labour cools as interest rates climb.
Wage and price hike dynamics in 2020 and 2021 were driven by ‘highly unusual’ pandemic shocks, IMF said.
Musk’s proposal to abide by his original plan to buy Twitter is based on it dropping its case against him.
Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.
There are early signs of caution for world’s most valuable car maker, including for its increasingly premium pricing.
After the billionaire tried to get out of the deal, a securities filing showed he agreed to buy the social media site.
Shares slid as much as 11.5 percent before recovering as investors panicked over bank’s ability for a turnaround.
Cutting output by over a million barrels per day would be the cartel’s largest cut since the start of the pandemic.
UK government has introduced tax cuts to kick-start the economy. The IMF warns the plan could stoke soaring inflation.
The spending suggests that the US economy is resilient despite high inflation and wild swings in the stock market.
US stocks are in a free fall as recession fears and a slew of uncertainties return after a brief late summer rally.
The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.
