Data showing that the US economy added more than a quarter of a million jobs last month soothed recession worries Friday, bringing a rebound in stocks including for troubled midsized American banks.Just a day before, equities took a lashing over worr...

By AFPBritain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.Gross domestic product rebounded 0.5 percent in the month...

Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation.With price rises showing no solid sign of lett...

By AFPThe German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent."The signs of a recession for the German economy are multipl...

Stock markets fell further on Friday as weak UK retail sales data and a dire warning from global shipping giant FedEx fueled fears of recession.Equities were already struggling this week after data showed US inflation slowed but not as much as expect...

European stock markets slid Friday after the Bank of England's gloomy recession warning raised the spectre of stagflation, and as investors awaited critical US payrolls data, dealers said.London equities retreated 0.2 percent one day after the BoE un...

By AFPPresident Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter."We're not going to be in a recession in...

Oil prices plunged more than five percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession caused by a sharp hike in interest rates aimed at reining in inflation.West Texas Interme...