GLOBAL ECONOMY
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SPOTLIGHT
Global economy suffers Hormuz closure
The episode examines how the Iran conflict and Strait of Hormuz crisis are triggering a global energy shock, raising questions over whether Washington’s strategy has backfired.
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ECONOMY
US on track for June 1 debt default, Treasury warns
US Treasury Secretary Janet Yellen has warned once more that the United States is on track for default in June.
ECONOMY
Debt ceiling worries deepen as early June US default reinforced
The Washington standoff over raising the US government's $31.4 trillion borrowing limit is adding to global economic worries.
ECONOMY
IMF: US debt default would have global ‘repercussions'
The International Monetary Fund (IMF) has warned of severe consequences for the global economy if the United States defaults on its debt.
ECONOMY
IMF issues growth warning as it lowers 2023 forecast
The International Monetary Fund lowers its global growth outlook for the current year.
BUSINESS
Oil prices fall nearly 5% on worry over global economy
Concerns about future of the global economy and rising COVID cases in China cause oil prices to fall.
BUSINESS
Shipping rate surge threatens global economy recovery: UNCTAD
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, UN agency UNCTAD said on Thursday.
BUSINESS
New lockdowns threaten to slow first-quarter earnings recovery
Fresh rounds of pandemic-related lockdowns dampen hopes for a global economic recovery.
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