This episode looks at whether the UK Chancellor's much-dreaded austerity program will help UK’s economy, which is projected to face the worst recession on record. 

Amazon has unveiled plans to lay off 10 thousand employees in corporate and technology jobs amid a “worsening macroeconomic environment”, as inflation in the United States is at a 40 year record high.

The European Union has warned that the eurozone is set to slide into recession over the winter with Brussels hiking inflation forecasts for 2022 and 2023 amid soaring energy prices.

A new survey has revealed that Canadians are buying cheaper food items, stockpiling food and even eating less to cope with rising food prices as inflation in the country has soared to its highest in almost half a century.

Paris commuters were bracing for bedlam Thursday as metro workers called a major one-day pay strike.

Soaring inflation and high energy prices have sparked mass protests and strikes across Europe, raising concerns over political turmoil in the continent.

At least 92 percent of French people are concerned about the level of rising inflation in France, a survey carried out by the Odoxa group has found. 

Rating agency Moody has urged the Italian banking outlook from stable to negative. association Confindustria

Some protesters chanted slogans such as, "There is no dignity without wage hikes."

Sweden is projected to fall into recession next year as unemployment rates are on the rise and the country’s gross domestic product (GDP) is likely to stagnate, the country’s new finance minister said on Monday.