Huawei founder sparks alarm in China with warning of ‘painful’ next decade

Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival

Britain imports no energy from Russia for first time on record

UK aimed to phase oil Russian oil imports by end of 2022; in June it achieved that target, ONS data shows

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

Oil prices hit lowest level since Ukraine invasion on China growth fears

Chinese recovery from lockdowns shows signs of fizzling out as central bank cuts interest rates

China’s export sector posts stronger than expected figures for July

Outbound shipments grew 18% after struggle with shortages of raw materials and lockdowns in first half of year

Fading global cooperation will make this crisis worse than the recession of 2008

The global financial crisis brought large economies together but the current crisis comes at a time of deep division

Friendshoring: what is it and can it solve our supply problems?

With offshoring now faltering, a US-led trend sees firms shifting manufacturing and more to countries with shared values. But this won’t be cost-free

UK inflation could reach 15% by start of 2023, experts say

Resolution Foundation says Bank of England likely to forecast higher and later peak, on eve of interest rates decision

Pelosi’s Taiwan trip could have significant consequences for global economy

Rising tensions between US and China threaten to accelerate decoupling of world’s two biggest economies

Food prices soaring in developing world amid Ukraine crisis, World Bank finds

Lebanon is worst-hit by food inflation after food grain store explosion in Beirut in 2020

China’s factory activity shrinks amid Covid disruption

Sharpest contraction is in energy-intensive industries, such as petrol, coking coal and ferrous metals

Era of soaring house prices is ending as central banks raise rates

Policies are tightening when major economies are either falling into recession or heading that way

What’s really behind the failure of green capitalism?

The UK is witnessing extreme temperatures, prompting public outcry. Yet new proposals to counter this are coming up short, says incoming Common Wealth director Adrienne Buller

IMF says global economy is edging towards recession

Fund cuts forecasts as US, China and eurozone stall and inflation beats expectations

Sunak ruse aims to outmanoeuvre Truss over China

Analysis: claims by ex-chancellor about Foreign Office weakness towards Beijing look like an attempt to head off a similar attack on him