Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank ...

Citi is the latest bank on Wall Street to sound the alarm for what would be a dire situation for the US economy. In a note to clients on Wednesday, the bank said it saw a higher risk of stagflation — ...

Recession alarm bells were ringing in the City today after the Bank of England slashed its growth forecast for this year to just 0.75%. The Bank, which today also cut its main interest rate to 4.5%, ...