Global economic slowdown ‘to force more workers into poorly paid jobs’

International Labour Organization expects to see workers pushed into informal employment in 2023

Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth

$26tn of new wealth created since start of pandemic went to richest, Oxfam report reveals

Warning comes in annual global risks report for next week’s World Economic Forum in Davos

Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

Statement from 182 experts say only debt cancellation offers chance of recovery but investors are playing hardball

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

Wall Street predicts turbulent first six months but growing optimism at ebbing inflation, slowing pace of rate hikes and China’s reopening

China’s lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is ‘most resilient.’

Soldiers’ boots are made from imported Indian leather as country’s trade with Russia soars by 400%

CEO David Solomon said he will make cuts in January with reports claiming investment bank will axe about 4,000 posts

Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023

They are considered a means of levelling the playing field between countries with differing commitments to cutting carbon

Countries that fail to decarbonise industries such as iron and steel face an effective carbon tax

Report’s author, the World Bank, states concern over poor countries’ increasing spending on debt