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

Rishi who? Sunak slips down pecking order in G20 scramble to court India

The British PM did eventually meet his counterpart at the Delhi summit – but after a day’s wait, and without an impressive photo op

Global economic fears deepen as service sector dips in China and Europe

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

Rishi Sunak rules out quick-fix trade deal with India

Exclusive: Sources believe deal will not be struck before meeting with Narendra Modi at G20 summit

China is too big for a Soviet Union-style collapse, but it’s on shaky ground

With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden

Putin sets sights on re-election but cost of war can only grow

With defence spending booming, China onside and murky deals filling gaps left by sanctions, the Kremlin believes it can weather a damaged rouble, but will Russians stomach welfare cuts if they come?

Putin to discuss capital controls to help prop up rouble, report says

Proposals said to include forcing large exporters to convert up to 80% of their foreign currency into roubles

Russia’s central bank hikes interest rates by 3.5 percentage points as rouble falls

Emergency decision is intended to halt slide after currency dropped to weakest point in almost 17 months

Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low

Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy

In previous downturns the world turned to China as an engine of growth – this time that driver may not be there

What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?

Why the US will break out first from the low-growth trap

Western economies must adopt industrial strategies, boost R&D and exploit new tech to prosper – Americans realise this better than Europeans