Banana producers in Latin America want better pay to cope with effects of climate crisis

Farmers face big drop in production from extreme weather during this year’s super El Niño event

Trump may have lost but don’t bet Democrats can fix the economy

There’s not much they can do over the next couple of years to alleviate angry voters’ stress over prices

US tech stocks post modest recovery on Wall Street after worst day in 19 months – as it happened

European and Asia-Pacific markets slide after Wall Street rout, while latest US jobs report beats forecasts

US job growth exceeds expectations in October despite economic uncertainty

‘Low-hire, low-fire’ labor market shows sluggish growth but few layoffs, with an interest rate hike expected in December

Bank of England raises interest rates to 4%, the first increase for more than three years

Base rate increases from 3.75% and Bank governor signals another rise in near future to combat rising inflation

Today’s UK interest rate rise unlikely to be the last unless Iran war ends; Wall Street slides on AI fears as ‘panic sets in’ – as it happened

UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth

Rural voters were feeling left behind before the midterms, poll shows

Polling done for the Guardian shows plummeting support from a former key constituency of Donald Trump’s base

Thursday briefing: ‘A dignified life for all must be the north star’: economist Isabella Weber answers your questions

In today’s newsletter: From the cost of living to the AI bubble and the fight against fascism, Weber answers Guardian readers’ questions on how to build a fairer economy and world

Telstra apologises after customers mystified by phantom missed call notifications

Telco blames its MessageBank service and apologises for customer confusion

US stocks rise, dollar slides as investors digest Democrats’ midterm victories

Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy

After the US midterms, what will a lame duck Trump mean for the global economy?

Republicans’ crushing setback will play out in stock markets, inflation, interest rates and economic growth

The RBA says there is ‘excess demand’ in the economy. Households doing it tough might disagree

The problem with inflation driven by factors such as wars and supply side shocks is that interest rate rises don’t do much

UK interest rates increase expected after services sector activity accelerates

Purchasing manager’s index at eight-month high, bolstered by spending on AI as firms regain momentum lost to Iran war