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The Latest Breaking News from Recession

Boris and Carrie Johnson mini-moon at 'soothing energy' villa while UK heads to recession

Boris Johnson boasted he’d had a ‘wonderful’ time swimming lakes in ‘peace and quiet’ at Vila Planinka, which urges guests to switch off phones while they dine on bear - while No10 rejected calls for an emergency budget

Daily Mirror

UK economy shrank in second quarter according to poll of economists – as it happened

Rolling live coverage of business, economics and financial markets as analysts weigh risk of recessions across the world

The Guardian - UK

Oil Bounces as China, US Data Ease Recession Concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. US West Texas Intermediate crude was at $89.76…

Asharq Al-Awsat

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FTSE 100 Live: Brent crude near $95 despite bumper US jobs report

Oil prices have remained near to a six-month low, despite Friday’s US jobs report easing fears about an imminent global recession.

Evening Standard

The Tories have gone AWOL as the country faces a recession

Record View says the Tories just don’t care about the cost of living crisis and have let down the country.

Daily Record

6 ways Canadians can prepare for the upcoming recession

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise.

The Conversation

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

The Guardian - UK

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Rishi Sunak takes aim at Liz Truss over her 'starry-eyed boosterism' as pair clash on economy

The two candidates vying to replace Boris Johnson as prime minister continued to clash over their plans for the economy after the Bank of England warned this week that the UK would fall into the longest recession since the financial crisis.

Daily Record

Want to know if US is in a recession? You’re asking the wrong question

America is simply too big for generalizations. The right question is whether your industry is in recession

The Guardian - US

Rishi Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes

Evening Standard

Brexit will make a bad recession even worse. But Sunak and Truss won’t question it

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU

The Guardian - UK

Sales are soaring for Tui but the cost of living crisis could soon bite

Results this week will reveal the tour giant’s post-Covid boom, but what might a deep recession do to holiday bookings?

The Guardian - UK

Sunak slams Truss’s ‘starry-eyed boosterism’ as clashes over economy continue

Ms Truss vowed to use a September emergency budget to “immediately” cut taxes.

The Independent UK

Recession or Not Recession…That Is the Question

Every investor appreciates that recessions and bear markets go hand in hand. But the definition of a recession often seems more difficult to pin down. So are we in a recession? And if not, then does that mean that disaster has been averted or that the pain train is still…

StockNews.com

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The Independent UK

Truss insists on tax cuts not ‘handouts’ to help families amid spiralling prices

The Tory leadership hopeful said her plans could avert a downturn.

Wales Online

Telegraph readers back Liz Truss to be next PM

Ms Truss today took a swipe at her rival's economic legacy, blaming it for the expected recession

Bangkok Post

Look for stocks with a strong growth outlook

The SET Index will probably remain volatile as the impact of the recent interest-rate increase by the US Federal Reserve may take a back seat to rising concerns about recession risk as numerous countries -- expected to be joined by Thailand next week -- tighten monetary policy.

Bangkok Post

Asian shares advance as oil prices retreat

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

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The Guardian - UK

Truss warns against ‘talking UK into a recession’ in leadership hustings

Tory favourite for No 10 says taxes should be kept low as rival Sunak says his priority will be to tackle inflation

The Independent UK

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

Al Jazeera

What the blowout US jobs numbers actually mean

While recession fears may have cooled for now, the Fed is likely to be more bold with its rate hikes at future meetings.

StockNews.com

3 Bargain Stocks Under $10 to Buy Now

Although investors have been under pressure with recession worries, St. Louis Federal Reserve President believes the economy is not in a recession. Moreover, the better-than-expected July job report is expected to boost investors’ sentiments. Thus, we think investing in bargain stocks ARC Document Solutions (ARC), Alliance Global Group (ALGGY), and…

Tribune News Service

US job growth surges, tempering recession worries and pressing Fed

U.S. employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession worries and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation.

Evening Standard

Stagflation: What is it, and what can be done to tackle it?

A recent report has warned that the UK is headed for a recession that will plunge millions of vulnerable households across the UK into financial crisis.

The Guardian - UK

Be warned: inflation could take British politics to a very dark place indeed

If Britain ends up in a recession, public anger will be looking for an outlet, says the Guardian columnist Jonathan Freedland

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