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Global recession predicted for 2023

The IMF warns that a third of the global economy will be in recession this year.

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The list of countries insisting arrivals from China must test is growing

The list of countries insisting arrivals from China must test for Covid is growing.

• 26 mins

Sam Bankman-Fried pleads not guilty

Former FTX executive Sam Bankman-Fried pleads not guilty to fraud

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Unseasonably warm wet weather ruining ski season

Snow shortage threatens Alps with wet winter season.

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First broadcast 04/01/2023 22:32 GMT

The latest business and finance news from around the world, on the ÃÛÑ¿´«Ã½.

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Amazon lays off 18,000 employees

'More pain ahead' in tech, analysts say.

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US Congress chaos continues

Deadlock of the House of Representatives to elect a Speaker continues into a third day

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Food price inflation: what should we expect in the future?

Rising prices are squeezing millions of households across the globe.

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China's economy reopens

We look at what 2023 has in store as the world's second largest economy opens up again.

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China reopening: How does the world respond?

After 3 years of Covid restrictions, China has reopened its borders for tourists.

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Pakistan to receive $9 bln in help for flood recovery

Islamabad had sought funds to recover from devastating floods last year.

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World Bank: Global economy dangerously close to recession

The World Bank tells us its growth prediction for 2023 has nearly halved.

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World Bank warns of dangers of global recession

The world economy will grow by just 1.7% this year.

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US flights grounded

Flights across the USA were halted for several hours because of a computer glitch.

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‘Three Amigos’ Summit ends with pledges of economic cooperation

At the meeting there were some tensions between the leaders of the US, Mexico and Canada

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US inflation eases

A sharp drop in energy price contributed to the smallest increase in more than a year.

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Are price rises slowing?

Inflation in the US - the world’s largest economy - is slowing down.

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China tightens its grip on tech

Buying shares and installing board members, the Chinese state tightens control over tech.

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US banks reveal earnings amid uncertainty

US banks unveil their earnings - and reveal some nervousness about what the future holds

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China v US: Both need co-operation, not confrontation

An in-depth look at the trade relations between the world's two biggest economies

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The Mafia: How much does it cost the economy?

Italy's most wanted Mafia boss Matteo Messina Denaro arrested

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China's GDP growth slow down among worst on record

China's economy grew last year at the second slowest rate in almost half a century.

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China's birth rate hits 60-year low

China's population has fallen for the first time in 60 years

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Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

Majority of roles are expected to be eliminated in human resources and engineering

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Microsoft to axe 10,000 jobs

Microsoft hints at some changes to its hardware line up

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President Macron's reform programme faces mass protests

A new bill aims to raise the official age at which people can stop work from 62 to 64

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US crashes through the debt ceiling

The US has hit its debt limit, forcing the Treasury to take measures to prevent a default

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Google parent Alphabet to cut 12,000 jobs

The cuts will affect 6% of Alphabet's workforce worldwide.

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China prepares for first Lunar New Year since Covid Lockdowns end

More than 2 billion trips will take place in China as the Year of the Rabbit begins.

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Japan warns of severe finances

The country faces rising debt and a declining population

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