The leader of the UK’s main opposition party Keir Starmer vowed to reverse a tax cut for top earners announced by the Conservative government as the nation heads for recession.

UK: Labour leader Keir Starmer plans to cancel tax cut for people who earn over $160,000

Indian firms would likely increase employee compensation by 10.4 per cent in 2023, which would be virtually in line with the 10.6 per cent increase seen so far in 2022, as reported by Reuters.

India might see double-digit salary increase in 2023 amid fears of global recession: Study

Economist Nouriel Roubini had correctly predicted the 2008 financial crisis. He now believes a "long and ugly" recession is coming in 2023. Molly Gambhir tells you more.

Gravitas: Fears of a "severe and ugly" recession in 2023

The Bank of England raised its key interest rate to 2.25% from 1.75% and said it would continue to "respond forcefully, as necessary" to inflation, despite the country entering recession.

Bank of England raises interest rate to 2.25% from 1.75% , in seventh consecutive hike

A World Bank assessment says that aggressive interest rate hikes by central banks could prove to be inadequate to bring inflation under control. Priyanka Sharma tells you how this could lead to a recession.

Gravitas: World Bank fears a global recession in 2023

After data revealed that UK retail sales plunged significantly in August as the rise in the cost of living continued to affect consumers, the pound dropped to a fresh 37-year low against the US dollar.

Pound hits new 37-year low as consumer spending falls, stokes recession chatter

The World Bank has expressed fears that the world may be edging towards a global recession following a hike in interest rates by central banks to combat inflation across the world simultaneously.

Global economy in steepest slowdown, may be edging towards recession, warns World Bank

The world economies may fall into a global recession next year amid aggressive monetary policy tightening by central banks to tame inflation, the World Bank said.

World Business Watch: World Bank sees rising risk of global recession in 2023 amid rate hikes

Though many of the experts of fifth-generation warfare thought that conventional war has become history, the Russia-Ukraine war has put their idea of modern-day warfare into serious scrutiny.

International oil and gas prices may further surge. World is on the verge of deep recession

Economists are becoming more pessimistic about Germany than they have been since the 2008 financial crisis. The Europe's biggest economy is facing significant pressures at the moment, here's our report.

Pessimism over German economy grows, recession inevitable for Germany?

European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2% or more to curb record-high inflation in the euro zone despite a likely recession.

World Business Watch: ECB governors see rising risk of rate hitting 2% to curb inflation

Experts have warned that the UK's recession-threatened economy, which saw a rebound in July, may take a hit from the public holiday marking Queen Elizabeth II's funeral next week.

Economic experts fear Queen Elizabeth II's funeral will further damage the UK's economy

Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation's economy into recession and that interest rate hikes would put people out of work.

US Senator: Fed will tip US into recession

Is work from home coming to an end? Companies in India and around the world are asking employees to return to office. Experts say with a looming recession employees may lose the the bargaining power with regard to flexible working. Palki Sharma tells you more.

Gravitas: Are we nearing the end of work from home?

The ongoing conflict between Russia and Ukraine is affecting the global economies. The war in Ukraine has caused the prices of all sorts of products to rise. Not just gas, oil and fuel, but also foodstuffs. The conflict is also pushing European countries towards recession.

Fallout of Russia-Ukraine war: How the conflict is impacting global economies

On Monday, the dollar rose and US and European markets plummeted as concerns grew that efforts by central banks to rein in increasing consumer prices through inflation-busting interest rate hikes would undermine the world economy and trigger a recession.

Shares tumble, dollar advances as inflation-busting interest rate hikes trigger recession

The 'lipstick index' says people buy more makeup when times get tough. Molly Gambhir tells you where it comes from and whether it can really predict a recession.

WION Fineprint: How your lipstick can predict the economy

Last week, Olaf Scholz was heckled and booed during an event. A survey found that only 25% of Germans believe Chancellor Scholz is doing a good job. With Germany staring at recession, Scholz has reached out to Canada. Palki Sharma tells you why it may not help.

Gravitas: Olaf Scholz loses public support in Germany

Chinese authorities are being forced to close factories. But this time - it is not because of the pandemic. A new crisis could derail China's economy. Palki Sharma tells you about it.

Gravitas: Why factories in China are shutting down

Work from home could soon become a thing of the past as more and more companies call their employees back to the office. However, employees across the world say they prefer a hybrid working model. Molly Gambhir tells you more.

WION Fineprint: Recession fears could test work from home flexibility

Isaac Blake suffers from Allan-Herndon-Dudley syndrome, a rare brain development disorder that means he requires care 24 hours a day and specialist equipment. His carer, Maxine Rothchester, who has looked after him since he was eight months old, says rising fuel bills amid a cost of living crisis have put Isaac's life in danger.

Carers of 8-year-old Isaac Blake struggle to help the child

Deepening cost-of-living crisis pushes growing numbers of Britons to part with their pets. The Bank of England has warned Britain faces a long recession.

As cost-of-living surge, cash-strapped Britons abandon pets

US President Joe Biden on Wednesday claimed that the US economy had 'zero inflation' in the month of July, inviting seething criticism from Republicans across the board for trying to manipulate the numbers and present a rosy picture.

President Biden claims US had ‘zero per cent inflation’ in July; gets trolled by Republicans

Amid a global pandemic, a war between two nations and a breakdown in the supply chain system resulting in sky-high inflation rates, most countries and their economies are in the doldrums.

Zero probability of recession in India while US has a 40 per cent chance: Study

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