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"Very real risk" of global economic recession, says IMF

Its latest report says the global economy is in a precarious situation at the moment.

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Uber's computer systems are hacked

The ride-hailing company said it was responding to a 'cybersecurity incident'.

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UK economy comes to a halt for Queen鈥檚 state funeral

Thousands gathered in London to pay their respects to Britain's longest reigning monarch

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Markets brace for a big jump in US interest rates

The Federal Reserve is expected to announce an increase of up to one percentage point

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US interest rates hit 14-year high in inflation battle

Fed puts up interest rates for the third time

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Russian citizens leave country to escape the military mobilisation

Russian economy under pressure as people flee country to escape the military call up.

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Global markets stall after troubled week

Interest rates, inflation and insecurity have been the watchwords around the globe.

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Currency plunge fuels concerns

Fears about the weaker value of the pound against the US dollar

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IMF reacts to UK economic policy

International Monetary Fund openly criticises UK economic policy

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Hurricane Ian sweeps through Florida

Many residents stranded, others experience power cuts

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30/09/2022 GMT

Global business news, with live guests and contributions from Asia and the USA.

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Hurricane Ian leaves trail of destruction in its wake

Will Bain presents global economic discussion as Hurricane Ian hits the US.

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Kim Kardashian pays $1.26m fine over crypto ad

Reactions as influencer Kim Kardashian agrees to pay up $1.3 million crypto ad fine

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Elon Musk Twitter deal back on track

Elon Musk Twitter deal back on track

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OPEC+ slashes production by two million barrels a day

OPEC+ cuts daily production target

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Global recession risk rises as IMF lowers growth forecast

The IMF says the risk of a global recession has increased

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US jobs growth slows: is the world's largest economy cooling?

Jobs growth in the US has slowed for a second month, relieving some pressure on inflation

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World Economic Outlook predicts 'the worst is yet to come'

There are warnings from the IMF the world is heading into a global recession

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IMF: Global economic storm just beginning

The IMF has downgraded global growth from 3.2 per cent in 2022 to 2.7 per cent next year.

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Alex Jones told to pay $965m damages to Sandy Hook victims' families

Conspiracy theorist Alex Jones has been ordered to pay $965m in damages.

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US inflation shows no signs of slowing down

The latest on the global impact of rising prices in the United States

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What is China鈥檚 Xi Jinping鈥檚 legacy?

President Xi prepares to extend his tenure as China's leader for a third term

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UK Prime Minister apologises for 'going too fast' with her economic policies

Liz Truss steers away from her original plans for the economy after market turmoil

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EU reveals emergency package to tackle soaring energy costs

The European Commission's emergency measures do not include a price cap.

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Ukraine bracing for winter after power stations destroyed

President Zelenskiy says a third of Ukrainian power stations were attacked in eight days.

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Contest for UK's next PM starts after Truss resigns

Liz Truss's resignation means the UK must find its third PM this year.

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Far-right leader Giorgia Meloni appointed as Italy's PM

Her Brothers of Italy party won elections last month and she'll be sworn in on Saturday.

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Rishi Sunak: The new UK Prime Minister pleas for unity

Rishi Sunak has issued a plea for unity in the face of a "profound economic challenge"

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Tech giants hit by slowing economy

Sales at Google and Microsoft have slowed sharply amidst fears of economic downturn

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Reality bites for Meta

Facebook's parent company continues to stumble as it steps into the Metaverse.

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