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.
Donald Trump has warned that any Iranian ships approaching a declared U.S. blockade zone in the Strait of Hormuz will be “immediately elimina...
Spanish Prime Minister Pedro Sánchez is on a five-day visit to China, his fourth trip in four years, highlighting Spain’s push to stre...
Nine suspects have been formally arrested over last week’s gun attack near Israel’s consulate in Istanbul, judicial officials have said...
Azerbaijani and Armenian civil society representatives have convened for a new round of dialogue under the ‘Peace Bridge’ initiative, a...
Hungary’s political landscape is entering a new phase after voters brought an end to the long rule of Prime Minister Viktor Orbán, wit...
Donald Trump has warned that any Iranian ships approaching a declared U.S. blockade zone in the Strait of Hormuz will be “immediately eliminated”, as tensions escalate over maritime restrictions in the Gulf. The comments come after weekend peace talks in Pakistan failed to reach an agreement.
Spanish Prime Minister Pedro Sánchez is on a five-day visit to China, his fourth trip in four years, highlighting Spain’s push to strengthen economic and strategic relations with the world’s second-largest economy.
Nine suspects have been formally arrested over last week’s gun attack near Israel’s consulate in Istanbul, judicial officials have said. The assault left one attacker dead and two Turkish police officers lightly wounded.
Azerbaijani and Armenian civil society representatives have convened for a new round of dialogue under the ‘Peace Bridge’ initiative, as both sides seek to sustain engagement ahead of key political developments in the region.
Hungarians vote in elections on Sunday that could see the end of hard right nationalist Prime Minister Viktor Orbán’s more than 15 year rule. Opinion polls show Orbán’s Fidesz party trailing 45-year-old Péter Magyar’s centre-right opposition Tisza party.
U.S. and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday in an effort to end their six-week war, as President Donald Trump said the U.S. military had begun the process of clearing the Strait of Hormuz.
At least 30 people were killed on Saturday in a stampede at Haiti’s Laferrière Citadel World Heritage Site, with authorities warning that the death toll could rise.
Israel has reprimanded Spain’s most senior diplomat in Tel Aviv after a giant effigy of Prime Minister Benjamin Netanyahu was blown up in a Spanish town.
Nine suspects were arrested on Saturday (11 April) in connection with a terror attack targeting a police post in Istanbul’s Beşiktaş district.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
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