Explainer - Reserve Bank governor Adrian Orr says it's the price New Zealanders will have to pay to get inflation under control - but what exactly is a recession and what could it mean for you?
The cake is shrinking. The UK is probably in recession, and, as the Bank of England predicted the other day, the misery will probably last until 2025, the longest such run of contraction in a century. As the new chancellor Jeremy Hunt has warned, the country now faces a “tough road ahead”. That’s putting it lightly.
A recession is a decline in economic activity that can last for months or even years. Whether the US is in or headed toward one is a topic of much debate.
Facebook (now known as Meta) reportedly has proposed a new plan to work with the Wikimedia Foundation to use AI to improve the accuracy of articles on the left-wing "encyclopedia" Wikipedia.