Severe debt burdens thwarting progress on climate and poverty, says World Bank
Bank’s new president Ajay Banga urges faster action on providing debt relief but says there is no ‘magic wand’
UK interest rates will need to stay high into 2024, warns IMF
Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check finds
IMF clings to a hopeful agenda as crisis follows crisis
At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again
WTO slashes growth forecast for global goods trade by more than 50%
Persistently high interest rates have had chilling effect on consumer spending, says trade body
‘It’s not done’: IMF head warns of costs in finally overcoming inflation
Kristalina Georgieva discusses protracted high interest rates and first term dominated by two ‘unthinkable’ events
Bond market sell-off sends UK long-term borrowing cost to 25-year high
Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook markets
Central banks ‘risk global recession unless they relax 2% inflation targets’
Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality
UK admits extra £330m a year in charges for post-Brexit animal and plant imports
Labour’s Stella Creasy elicits confirmation of higher charges to firms, which some say risk further fuelling food inflation
Investigation launched into killings and evictions on World Bank tourism project
Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes
Germany will suffer worst from world economic slowdown, says OECD
Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies
Beware sharper economic slowdown and tougher inflation, warns adviser to central banks
Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls
UK manufacturers cut hiring plans amid ‘sharp slowdown’, survey finds
Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby group
Key ‘Bidenomics’ architect calls for spending ‘race to the top’ on green tech
Biden adviser Heather Boushey urges UK and Europe to increase climate friendly investment to reboot growth
Global inflation fears as oil price rises towards $100 a barrel
Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia
World Bank spent billions of dollars backing fossil fuels in 2022, study finds
Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges