German economy in recession after high prices take toll, revised figures reveal

Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%

Sunak to urge G7 support for collective action against ‘economic coercion’

Leaders expected to form council that will discuss response if states such as Russia and China boycott trade for political reasons

Republicans want to force spending cuts by threat instead of legislating – and the cuts they’re asking for are appalling

Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%

Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering

Report details how local people and firms allegedly helped Alisher Usmanov conceal assets

Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok?

Warmer winter, lower energy prices and China’s reopening help bloc surprise economists and stave off severe downturn

Venkatakrishnan says bank remains cautious about months ahead despite first-quarter profit of £2.6bn

UK foreign secretary warns a war across Taiwan strait and likely destruction of semiconductor industry would have global effects

Deal would build closer economic ties as most western states push to isolate Moscow over Ukraine

Konstantin Malofeyev, accused of aiding pro-Russian rebels in Ukraine, appeared to continue moving money through the global system

Foreign secretary says ‘free and open Indo-Pacific’ is ‘critical to UK’ and releases manga-style cartoons to mark his visit

Bridgetown Initiative could be way for rich nations’ development finance words to become action

Analysis raises questions over role of speculators in inflating food prices amid global cost of living crisis