World Bank chief calls for dramatic hike in funding to help developing world Outgoing boss David Malpass says more money needed to combat overlapping crises of war, pandemics and climate emergency
China spent $240bn on belt and road bailouts from 2008 to 2021, study finds Rise in emergency financing for other countries since 2016 correlates with drop in infrastructure lending
IMF chief warns global financial stability at risk from banking turmoil Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders
Economic growth is not a magic wand for ending poverty Misguided policies are hurting the poorest in society; our focus should be on reducing inequality not increasing GDP
Why did the $212bn tech-lender Silicon Valley bank abruptly collapse? Was it the result of Trump-era regulation rollbacks, risk mismanagement at the bank, sharp interest rate rises – or a combination of all three?
What is happening in financial markets and could there be a global crisis? Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash
Central banks must keep interest rates high to combat inflation, says OECD Organisation also says UK will be only G20 economy apart from Russia to shrink this year
Extreme poverty could be eradicated globally by 2050 – report Higher growth should mean stable employment and wages, with low- and middle-income countries seeing biggest improvements
Labour’s messaging on business tax is right. Just don’t leave a long-term plan until the last minute The shadow chancellor has read the room on the need for a stable tax regime, but the ‘to-be-decided’ list is long
New Brexit trading rules could take more than two years to bed in fully No 10 says UK is giving firms in Northern Ireland time to prepare with phased introduction
Russia could run out of money next year, says oligarch Oleg Deripaska Western sanctions are causing serious pressure, with budget deficit forecast to jump
The Guardian view on Germany’s economic miracle: it was built on debt relief Editorial: Cancelling loans put the Wunder into Wirtschaftswunder. Treat poor nations the same today
Bitter harvest for some in a global economy changed by Russia’s war A year of conflict has brought soaring prices and faltering trade, but also a step change in the switch to renewables
Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank US president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David Malpass