The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
JP Morgan has downgraded its 2025 U.S. growth forecast from 2% to 1.3%, warning that higher tariffs are weakening consumer demand and eroding corporate profit margins.
Analysts pointed to a troubling mix of slow economic output and persistent inflation, drawing comparisons to the 1970s stagflation era.
The bank expects the Federal Reserve to cut rates gradually - by just 100 basis points through spring 2026 - leaving borrowing costs high and financial conditions tight for longer.
Such pressure could weigh further on the economy, increasing the likelihood of a recession later this year, according to analysts.
Russia’s aircraft industry has produced only one of 15 scheduled commercial jets this year, data shows, as sanctions, supply chain gaps and rising i...
U.S. Vice President JD Vance has arrived in the UK for a working visit with Foreign Secretary David Lammy, as political tensions and protests loom ove...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of August, covering the latest developments you need to kn...
Australia has warned Israel against taking full military control of Gaza, saying the move would worsen the humanitarian crisis and breach internationa...
Archaeologists in northern Peru have uncovered 14 skeletons buried face down at the ancient Puemape temple, shedding new light on early ritual practic...
Russia’s aircraft industry has produced only one of 15 scheduled commercial jets this year, data shows, as sanctions, supply chain gaps and rising interest rates hinder domestic aviation ambitions.
U.S. Vice President JD Vance has arrived in the UK for a working visit with Foreign Secretary David Lammy, as political tensions and protests loom over U.S. foreign policy.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of August, covering the latest developments you need to know.
Australia has warned Israel against taking full military control of Gaza, saying the move would worsen the humanitarian crisis and breach international law.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
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