Tag: recessions and depressions
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Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party with a series of tax cuts that he hopes can turn the political tide ahead of a general election this year
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Montreal’s ‘Just for Laughs’ comedy festival cancels this year’s edition, seeks to avoid bankruptcy
The Montreal company that operates the “Just for Laughs” comedy festival has canceled this year’s event as it seeks to avoid bankruptcy
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University of Arizona president to get a 10% pay cut after school’s $177M budget shortfall
University of Arizona President Robert Robbins is getting his salary cut, but he doesn’t have a problem with that
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Bitcoin bounces back to new high less than two years after the collapse of FTX exchange crushed prices
NEW YORK (AP) — Bitcoin bounces back to new high less than two years after the collapse of FTX exchange crushed prices.
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Puerto Rico’s power company holds a massive debt. A key hearing to restructure it has started
A key hearing over the future of Puerto Rico’s crumbling power company and its staggering $9 billion debt has begun following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments
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Stock market today: Asian shares track Wall Street rally as Japan’s Nikkei nears a record high
Shares in Asia are higher, with Japan’s benchmark Nikkei 225 index approaching a record high
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Japan slips into a recession and loses its spot as the world’s third-largest economy
Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany
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UK fell into recession at the end of 2023 as economy takes center stage in runup to general election
The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year
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Recession has struck some of the world’s top economies. The US keeps defying expectations
Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023
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Recession risks are fading, business economists say, but political tensions pose threat to economy
Just a quarter of business economists and analysts expect the United States to fall into recession this year