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Almost two in five CEOs ‘fear their global firms will be unviable within 10 years’

Worker shortages and need to adapt to tech changes given as reasons in survey as Davos meeting begins

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

Soaring food and energy prices could persist ‘for next two years’

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

World Bank walking tightrope as it mulls increased lending to poorest

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

Global economy risks second recession within three years, warns World Bank

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

Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists

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

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

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

Global economic forecast for 2023? A stormy start followed by a ray of hope

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

Third of world economy to hit recession in 2023, IMF head warns

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

Indian leather companies accused of enabling Russia’s war effort

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

Goldman Sachs boss unveils plan to cut jobs amid global economy fears

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

China’s move to ease Covid travel restrictions lifts hopes for global economy

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

Green tariffs: what are they and why do they matter?

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

EU becomes first leading economy to legislate for ‘green tariff’ on imports

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

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