Global stock markets drop sharply amid fears of US recession

Stock markets around the world have dropped sharply amid fears the US economy may be heading for a recession.

The UK's FTSE 100 has been falling and was down by more than 3%. The FTSE 250 also dropped in early trading and had fallen 4%.

Other exchanges in Europe, including in France, Germany, Portugal, and Spain, also dropped between 2% and 4%.