The Latest Breaking News from Recession

The new Italian government faces some of the toughest challenges since World War Two and the economy could sink into recession in 2023, Prime Minister Giorgia Meloni said on Tuesday in her maiden speech to parliament.

Wall Street's solid October rally is back on track amid a parade of blue chip corporate earnings and a pullback in Treasury bond yields.

The pandemic's effect on the commercial real estate industry and subsequent upheaval has contributed to a seismic shift in how buildings will be used, valued, bought and sold in 2023. And relative uncertainty surrounding the possibility of a global recession could further impact an already volatile industry.

Although the software industry’s long-term prospects look bright, the rising interest rate environment and the imminent recession are expected to keep software stocks under pressure. Given this backdrop, software stocks Palantir Technologies (PLTR), VTEX (VTEX), and Latch (LTCH), which have seen significant bearish actions lately, could be avoided. Read on….

London (AFP) - Britain's next prime minister, former finance chief Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

London (AFP) - Britain's new prime minister, set to be former finance minister Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

Brussels (AFP) - Germany, the EU's top economy and Europe's export powerhouse, looks headed for imminent recession, according to a closely watched survey Monday that pointed to a deepening eurozone contraction.

Squeezed household budgets, recession concerns and delayed business investment decisions due to political uncertainty were all cited as factors

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…