MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Five big economies are at risk of recession. It won’t take much to push them over the edge.The in the second quarter, and growth flat lined in . Data published Wednesday , the , contracted in the three months to June.“The bottom line is that the German economy is teetering on the edge of recession,” said Andrew Kenningham, chief Europe economist at Capital Economics.just dodged a recession— usually defined as two consecutive quarters of contraction — and its economy is expected to remain weak...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Five big economies are at risk of recession. It won’t take much to push them over the edge.The in the second quarter, and growth flat lined in . Data published Wednesday , the , contracted in the three months to June.“The bottom line is that the German economy is teetering on the edge of recession,” said Andrew Kenningham, chief Europe economist at Capital Economics.just dodged a recession— usually defined as two consecutive quarters of contraction — and its economy is expected to remain weak...WW…

Stay Updated on Developing StoriesView in AppBy Charles Riley, CNN BusinessLondon(CNN Business) The is plunging the global economy into its deepest slump since the Great Depression of the 1930s and governments and health officials must work together to prevent an even worse outcome.That's the stark warning from the International Monetary Fund, which said on Tuesday there was a risk of the extending into 2021 if policymakers to the virus.In its latest outlook for the world economy, the IMF said it expects GDP will contract by 3% in 2020, a far worse recession than the one that followed the...…Stay Updated on Developing StoriesView in AppBy Charles Riley, CNN BusinessLondon(CNN Business) The is plunging the global economy into its deepest slump since the Great Depression of the 1930s and governments and health officials must work together to prevent an even worse outcome.That's the stark warning from the International Monetary Fund, which said on Tuesday there was a risk of the extending into 2021 if policymakers to the virus.In its latest outlook for the world economy, the IMF said it expects GDP will contract by 3% in 2020, a far worse recession than the one that followed the...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — UK regulators have pulled the broadcasting license for , or CGTN.said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.”Ofcom said that Star China Media Limited did not have “editorial responsibility” for the channel’s output, and therefore “does not meet the legal requirement of having control over the licensed service.” Star was acting as the distributor, rather than the...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — UK regulators have pulled the broadcasting license for , or CGTN.said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.”Ofcom said that Star China Media Limited did not have “editorial responsibility” for the channel’s output, and therefore “does not meet the legal requirement of having control over the licensed service.” Star was acting as the distributor, rather than the...WW…

Tokyo / London (CNN Business)Simon Hu has resigned as chief executive officer of , months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators."The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," said a spokesperson for the affiliate."We are thankful to Simon for the efforts he made at our company," the spokesperson added. Chairman Eric Jing has been named Ant Group's new CEO, according to the company's website. Jing had previously served the company in that position from 2016 to 2019.Ant...…Tokyo / London (CNN Business)Simon Hu has resigned as chief executive officer of , months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators."The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," said a spokesperson for the affiliate."We are thankful to Simon for the efforts he made at our company," the spokesperson added. Chairman Eric Jing has been named Ant Group's new CEO, according to the company's website. Jing had previously served the company in that position from 2016 to 2019.Ant...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Reporters Without Borders has filed a criminal complaint in Germany accusing and other Saudi officials of committing crimes against humanity in the killing of and the detention of 34 other journalists.The Paris-based media advocacy group said in a statement that it had filed the complaint with a federal court in Karlsruhe, Germany, on Monday and was requesting that prosecutors open a formal investigation. The court confirmed to CNN Business that it had received the complaint.According to...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Reporters Without Borders has filed a criminal complaint in Germany accusing and other Saudi officials of committing crimes against humanity in the killing of and the detention of 34 other journalists.The Paris-based media advocacy group said in a statement that it had filed the complaint with a federal court in Karlsruhe, Germany, on Monday and was requesting that prosecutors open a formal investigation. The court confirmed to CNN Business that it had received the complaint.According to...WW…

London (CNN Business)UK regulators have pulled the broadcasting license for , or CGTN. said Thursday that it had withdrawn the Chinese state-owned channel's license after an investigation "concluded that the license is wrongfully held by Star China Media Limited."Ofcom said that Star China Media Limited did not have "editorial responsibility" for the channel's output, and therefore "does not meet the legal requirement of having control over the licensed service." Star was acting as the distributor, rather than the provider of the news channel, it added. The regulators also rejected a...…London (CNN Business)UK regulators have pulled the broadcasting license for , or CGTN. said Thursday that it had withdrawn the Chinese state-owned channel's license after an investigation "concluded that the license is wrongfully held by Star China Media Limited."Ofcom said that Star China Media Limited did not have "editorial responsibility" for the channel's output, and therefore "does not meet the legal requirement of having control over the licensed service." Star was acting as the distributor, rather than the provider of the news channel, it added. The regulators also rejected a...WW…

London (CNN Business)President Joe Biden's $1.9 trillion will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind.The US economy will surpass its pre-pandemic size as growth reaches 6.4% this year, the IMF said, up 1.3 percentage points from the group's forecast in January. The will help the global economy expand 6% in 2021, an upgrade of 0.5 percentage points from the IMF's previous outlook. The estimates are broadly in line...…London (CNN Business)President Joe Biden's $1.9 trillion will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind.The US economy will surpass its pre-pandemic size as growth reaches 6.4% this year, the IMF said, up 1.3 percentage points from the group's forecast in January. The will help the global economy expand 6% in 2021, an upgrade of 0.5 percentage points from the IMF's previous outlook. The estimates are broadly in line...WW…

London (CNN Business) has ordered a month-long production halt at one of its plants in Germany, the latest sign that a is putting carmakers under increasing pressure and threatening their recovery from the pandemic.The US said it would idle its factory in Saarlouis, Germany, from Monday until February 19 because of the chip shortage and weak demand. The plant makes Ford's most popular car in Europe, the Focus, and employs around 5,000 workers."We are closely monitoring the situation and adjusting production schedules to minimize the effect on our employees, suppliers, customers and dealers...…London (CNN Business) has ordered a month-long production halt at one of its plants in Germany, the latest sign that a is putting carmakers under increasing pressure and threatening their recovery from the pandemic.The US said it would idle its factory in Saarlouis, Germany, from Monday until February 19 because of the chip shortage and weak demand. The plant makes Ford's most popular car in Europe, the Focus, and employs around 5,000 workers."We are closely monitoring the situation and adjusting production schedules to minimize the effect on our employees, suppliers, customers and dealers...WW…

London (CNN Business)Message board juggernaut is accelerating its push into video, snapping up a sharing platform that is popular with young people and women. Reddit said in a statement on Sunday that it has acquired rival Dubsmash. It did not disclose the financial terms of the deal. Dubsmash allows users to create and share video content, and it's especially popular with young, diverse audiences. About 25% of Black teens in the United States use the app. Women make up 70% of Dubsmash users, and roughly 30% of users log in every day, according to Reddit.The New York-based platform enables...…London (CNN Business)Message board juggernaut is accelerating its push into video, snapping up a sharing platform that is popular with young people and women. Reddit said in a statement on Sunday that it has acquired rival Dubsmash. It did not disclose the financial terms of the deal. Dubsmash allows users to create and share video content, and it's especially popular with young, diverse audiences. About 25% of Black teens in the United States use the app. Women make up 70% of Dubsmash users, and roughly 30% of users log in every day, according to Reddit.The New York-based platform enables...WW…

New York/Hong Kong/London (CNN Business)Global markets and US stock futures dropped Monday after the White House for the coronavirus pandemic and President Donald Trump warned the disease could kill up to 90,000 Americans.Hong Kong's tumbled more than 4% as tensions escalated, while South Korea's dropped 2.7%. Other major markets in Asia, including those in Japan and mainland China, were closed for holidays. European markets dropped sharply even as lockdowns were eased in some of the region's biggest economies. Germany's shed 2.8% in early trading, while France's dropped 3.2%. The was off...…New York/Hong Kong/London (CNN Business)Global markets and US stock futures dropped Monday after the White House for the coronavirus pandemic and President Donald Trump warned the disease could kill up to 90,000 Americans.Hong Kong's tumbled more than 4% as tensions escalated, while South Korea's dropped 2.7%. Other major markets in Asia, including those in Japan and mainland China, were closed for holidays. European markets dropped sharply even as lockdowns were eased in some of the region's biggest economies. Germany's shed 2.8% in early trading, while France's dropped 3.2%. The was off...WW…