Swedish multinational company Ericsson has decided to trim 1,400 jobs in Sweden with larger headcount loss in other countries. Not too long ago, big tech companies were hiring at an alarming rate during the pandemic, expecting greater demand for their tech offering.

Ericsson plans to fire nearly 1,400 employees

The European Commission (EC), on Monday (February 13), raised its growth forecast for the eurozone this year and also expects inflation to be lower than previously estimated at the end of 2022.

European Commission raises eurozone growth forecast for 2023 as inflation eases

The Bank of England increased interest rates on Thursday (Feb 2), in the midst of a recession, for the 10th time in a row, to the highest level since the 2008 financial crisis, with a warning that more hikes may be necessary to combat inflation.

UK: Bank of England hikes interest rates for 10th consecutive time amid recession

Data released on Wednesday (Feb 1) indicated that South Korea's economy has advanced closer to its first recession in three years in January as a result of a record-high trade deficit, largely driven by falling exports as a result of extended holidays and a slowing global economy.

S. Korea's economy inches towards first recession in three years, says data

A majority of Chief Economists at the World Economic Forum believe that a global recession is likely in 2023. What does this mean for you and the global energy prices? Also, how can you prepare for a recession? Listen in to Vikram Chandra.

This World: The rising fear of a global recession

Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.

Microsoft to fire 10,000 people as tech layoffs intensify

Asia's third-largest economy India has a sizeable presence at World Economic Forum's Annual Meet which is taking place in Switzerland. The Forum has called on leaders from across the globe to address the immediate energy and food crisis. Watch to know more.

WEF Davos 2023: Resilience of the Indian Economy

The World Economic Forum's annual meeting kicks off in the city of Davos, Switzerland, from today (January 16) and will continue till January 20. 2,700 delegates from 130 countries are expected to convene at Davos during the mega summit.

Davos 2023: WION speaks to Saudi Arabia Industry Minister Bandar bin Ibrahim AlKhorayef

The Global elites are gathering in Davos for the Annual Summit 2023. Last year Russia's invasion of Ukraine dominated the discourse in forum but this time, other teams are expected to form the agenda of the annual event.

WION at Davos 2023: India features prominently at WEF 2023

WION at Davos 2023: Gathering of global elite amid recession fear

After days of discussions about Russia’s war in Ukraine, a global food crisis, climate change and other hot-button issues, the World Economic Forum’s annual meeting is set start in Davos. Watch further to know more.

Davos ready to host the World Economic Form amid recession fears

An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living.

UK economy registers 0.1 per cent increase in November; still, recession looms

As the world is worried about a recession in 2023. Moody's Analytics says the more likely scenario is a "slowcession," where growth grinds to a near halt but a full economic downturn is narrowly avoided.

World Business Watch: Get ready for a 'slowcession' in 2023, Moody's warns

From gas to groceries, the year 2022 has been a whirlwind for people across the world. Prices rose at the fastest pace in decades. Economists say the coming year could bring in feeble growth as central banks raise rates to tackle high inflation. Will 2023 be the year of recession? Molly Gambhir tells you more.

Gravitas: What Could Tip Global Economy Into Recession?

British Consultancy Center for Economics and Business Research warns of global economic recession in 202,3 raises concerns on China's Covid policy and lack of growth-oriented policies in the UK.

Gravitas Global Headlines: UK recession warning raises concerns | Russia air base attack

The findings are more pessimistic than the latest forecast from the International Monetary Fund. That institution warned in October that more than a third of the world economy will contract and there is a 25 per cent chance of global GDP growing by less than 2 per cent in 2023, which it defines as a global recession.

World Business Watch: World economy headed for a recession, says report

The world is headed for a recession in 2023, according to the Centre for Economics and Business Research (CEBR). Fresh borrowing costs aimed at tackling inflation cause a number of economies to contract.

Reports: World economy is headed for a recession in 2023

Wall Street's major averages closed low ways today with tech heavy NASDAQ two percent drop leading losses. Investors are worried the data showing resilient economy would lead us that deserve to keep high kicking interest rates for longer.

World Business Watch: Wall Street tumbles on rate, recession worries

US stock indexes closed sharply lower on Thursday (December 15), with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve's battle against inflation using aggressive interest rate hikes could lead to a recession.

Wall Street slumps as Fed heightens recession fears

US Treasury Secretary Janet Yellen said on Thursday (December 8) that a recession in US was 'not inevitable', adding that the economy was on the right track in lowering inflation.

US economy is heading into a short and shallow recession, say economists in poll

The EU and the euro area are now anticipated to see contraction in the final three months of this year and the first three months of 2023, which would constitute a technical recession, before recovering to positive growth in the spring of 2023.

WION Wideangle | Europe: Heading to a recession?

China: protests erupt over Zero Covid policy. Mass Layoffs grip the tech world. With Ukraine-Russia War causing food shortages, and Britain seeing a slumping economy, are we entering a Global Recession? Find out with WION Wideangle.

WION Wideangle | Global Recession: Imminent?

A global recession is coming in 2023. Economies the world over are contracting, layoffs are growing at an alarming pace. Which countries are at risk? Will India be able to escape the crisis? How will it impact you? Priyanka Sharma explains on Gravitas Plus.

Gravitas Plus: A global recession is coming

Britain's main business lobby group said on Monday (November 21) that the country needed more migrant labour for greater productivity in view of soaring inflation and shrinking growth.

More migrant labour needed in recession-hit UK, says business body

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