Global financial system is failing developing countries, says Ed Miliband UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costs
IMF warns global economy ‘could soon test the limits of resilience’ World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026
EU to limit Chinese hybrid vehicle imports to 350,000 a year Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3%
Trump’s deal with Putin will have little impact on US diesel prices, experts say Analysts say fuel will take weeks to ship and quantity is too small to affect prices, while full deal is unlikely to be met given damage to Russian refineries
Labour has got the message – it’s developing nations suffering most from bond market turmoil Just as Brown and Blair did in 2005, Andy Burnham aims to champion debt relief to help developing countries
Developing nations face triple shock from energy crisis, El Niño and borrowing costs, UN warns UN’s development arm calls for urgent action as crises could ‘throw tens if not hundreds of millions back into poverty’
France’s dilemma: protesters demand spending as markets require fiscal restraint Waves of protests expose debt crisis faced by French government, but political wrangling is stalling an escape plan. Is there a way out?
EU ‘pulling out all stops’ with minerals projects as it tries to avert China trade war Commissioner Stéphane Séjourné says bloc will support 46 strategic projects including lithium and rare earths plants
IMF chief urges governments to tighten belts as global debt levels soar Kristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgets
EU negotiators head to China hoping to curb cheap imports of hybrid electric cars Mood in trade talks said to have changed as EU member states harden demands for protection against Chinese imports
UK reviewing whether to impose tariffs on Chinese car imports to align with EU Move would strengthen Britain’s case to be included in new legislation to protect European manufacturing
UK car industry faces ‘difficult trade-off’ between Chinese and EU markets Britain under pressure to put tariffs on cheap Chinese vehicle imports ahead of protectionist trade measures
G7 to release up to 100m barrels of emergency oil and diesel reserves Leaders agree a coordinated drawdown after surge in prices and Donald Trump’s threat to cut off US supplies
Labour figures uneasy about Healey’s ‘underpowered’ approach to budget Chancellor faces global volatility and soaring energy costs as some insiders worry lack of clarity could trigger fresh market shock
Britain in talks with European allies over release of emergency diesel stockpiles amid Trump pressure Ministers discuss drawing down EU countries’ reserves after Donald Trump threatens to cut off US supplies