Proposed price cap on Russian oil moves closer at G7 summit

Western leaders hope to tighten vice around Vladimir Putin without causing backlash at home or in global south

G7 relaunches funding programme for developing countries under new name

Global Investment and Infrastructure Partnership, aimed at rivalling China, comes a year after Build Back Better World plan

Concerns grow that India is ‘back door’ into Europe for Russian oil

Volume of Russian crude bought and then exported by India suggests some of it may end up in European petrol stations

History turns full circle as G7 alarm bells ring over energy once again

First meeting in 1975 grappled with the oil shock – now it is Russia’s war in Ukraine creating angst

There’s a simple way to unite everyone behind climate justice – and it’s within our power

Cancelling poor nations’ historic debts would allow their governments to channel money into climate adaptation, says Guardian columnist George Monbiot

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

Elon Musk says ‘inevitable’ US recession will probably come soon

Musk’s comments, echoing other CEOs, are accompanied by plan to lay off 10% of Tesla’s salaried staff

Gordon Brown urges Boris Johnson to force global action on cost of living crisis

Ex-PM says ‘any sensible government’ would be trying to build consensus to tackle economic crisis

We face a global economic crisis. And no one knows what to do about it

Central banks rode to the rescue of nervous investors for years. But now they are raising rates just as the world economy spirals downwards

Fight against inflation raises spectre of global recession

Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises

Stock markets plunge again as flurry of interest rate hikes fuels recession fears

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

Northern Ireland protocol: what is the UK and EU’s standoff about?

Disputes over customs checks and trade data are being intensified by the NI protocol bill’s proposed breach of international law

Markets brace for sharpest rise in US interest rates in almost 30 years

Federal Reserve expected to increase cost of borrowing by 0.75 percentage points to curb rising inflation

Pressure grows to extend UK steel import quotas

Producers fear losing £150m in annual sales unless government keeps ‘steel safeguards’

Poor countries forced to cut public spending to pay debts, campaigners say

Exclusive: Debt Justice calls on UK to use power to make private lenders take part in effective relief scheme