How the pandemic is harming the oil and gas industry

In August, Exxon Mobil, once the largest publicly traded company in the world, was dropped from the Dow Jones industrial average after 92 years. Exxon's removal is emblematic of the changing profiles of energy companies. ...

2019 was Europe's hottest year ever: EU

Last year was the hottest in history across Europe as temperature records were shattered by a series of extreme heatwaves, the European Union's satellite monitoring surface said Wednesday.

EasyJet losses deepen in first half

British low-cost airline EasyJet said Friday that first-half net losses more than quadrupled due to "tough" market conditions and high fuel costs.

China says air pollution dropped in 2018

China's air quality improved substantially last year, the environment ministry said Monday, following a government crackdown on pollution and a weakening economy.

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Recession

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

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