‘It’s not done’: IMF head warns of costs in finally overcoming inflation Kristalina Georgieva discusses protracted high interest rates and first term dominated by two ‘unthinkable’ events
Bond market sell-off sends UK long-term borrowing cost to 25-year high Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook markets
Central banks ‘risk global recession unless they relax 2% inflation targets’ Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality
UK admits extra £330m a year in charges for post-Brexit animal and plant imports Labour’s Stella Creasy elicits confirmation of higher charges to firms, which some say risk further fuelling food inflation
Investigation launched into killings and evictions on World Bank tourism project Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes
Germany will suffer worst from world economic slowdown, says OECD Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies
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