Category : Search result: technical recession


UK Economy Flatlines with 0.0% GDP Growth in April

New ONS data reveals the UK economy showed zero growth in April 2024, a significant slowdown from the 0.4% expansion in March. The services sector stalled while production fell, putting pressure on the next government.

Hiker dies in fall on Alaska's receding Byron Glacier

A hiker has died in a tragic fall on Alaska's rapidly receding Byron Glacier. The incident highlights the increasing dangers of hiking on unstable, melting glacial terrain as climate change accelerates.

UK Gilt Yields Hit 27-Year High in Market Meltdown

UK financial markets face a severe stress test as long-term government borrowing costs surge to levels not seen since 1998. The gilt sell-off, driven by stubborn inflation data and hawkish central bank fears, triggers a flight to safety, sending gold and

Global Instagram outage leaves millions locked out

Meta's Instagram platform experienced a severe global outage, leaving millions of users unable to access their accounts, post content, or send messages in one of the platform's most significant technical failures this year.

Think Tank Demands Urgent Reform of Bank of England

A major economic think tank, IPPR, has launched a scathing report demanding a radical overhaul of the Bank of England's mandate. The proposed reforms aim to prioritise economic growth, green investment, and regional equality, challenging the Bank's curren

Newark Airport Tech Outage Sparks Flight Chaos and Delays

A significant technical systems failure at Newark Liberty International Airport has caused widespread disruption, leading to cancelled flights, massive delays, and passenger frustration. Get the latest on the ongoing situation.

UK Economy Stalls as GDP Flatlines in April

The UK's economic growth ground to a halt in April with 0.0% GDP growth, dashing hopes for a swift recovery. Key figures like Sir Richard Branson and Jo Malone voice concerns over political instability hindering business momentum.

2008 Recession-Era Restaurant Deals Make Worrying Comeback

Iconic money-saving deals from the 2008 financial crash, like 'Gourmet Burger Kitchen's' 'Two for Ten' and 'Strada's' £5 pizza, are reappearing on high streets. Economists warn this trend is a classic harbinger of an economic downturn as consumers tighten

Good Morning Britain halted by major technical meltdown

ITV's flagship morning show Good Morning Britain was plunged into disarray during a live broadcast, suffering a record-breaking 15-minute blackout due to a catastrophic technical failure, leaving hosts Susanna Reid and Ed Balls baffled on air.

GB News guest storms off after live TV audio fail

A GB News interview descends into farce as a guest's audio fails, leading to a heated exchange and a dramatic walk-off during 'The Morning Live' show with hosts Ellie Costello and Stephen Dixon.

Eamonn Holmes' on-air apology after technical meltdown

GB News presenter Eamonn Holmes was forced to issue an immediate on-air apology after a major technical blunder caused the show's video feed to fail, leaving viewers staring at a frozen screen for several minutes during a live political discussion.

UK Private Sector Growth Hits Nine-Month High

In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi

New Zealand Enters Recession as GDP Contracts Again

New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.

Manchester Airport chaos: EasyJet flights grounded

Hundreds of travellers faced major disruptions at Manchester Airport after a technical issue forced EasyJet flights to be delayed or cancelled, leaving passengers frustrated and seeking answers.

Tyson Fury's plane makes emergency landing

Tyson Fury and his wife Paris faced a mid-air scare when their private jet encountered technical problems, forcing an emergency landing en route to their wedding celebrations.

UK construction skills shortage hits crisis point

Britain's construction industry faces a looming crisis as technical colleges fail to attract enough students to meet demand for skilled workers. Experts warn of project delays and rising costs without urgent action.

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