Cutting emissions will hit growth, but costs of inaction much higher, says IMF

IMF says taking swift action to achieve 25% cut in greenhouse gases by end of decade will cost less than failing to act

Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts

Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP

Report says policies of high interest rates and austerity risk triggering global recession that will hit developing nations hardest

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price

In series of local BBC interviews, prime minister says she is prepared to make difficult decisions

East Asia and Pacific annual growth forecasts downgraded from 5% to 3.2% as China’s economy cools, largely due to zero-Covid policy

This weekend’s ballot could see Switzerland also giving farm animals the constitutional right ‘not to be intensively farmed’

Ocean Conservancy apologises for ‘false narrative’ of 2015 study that put blame for bulk of world’s plastic waste on five Asian states

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

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

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

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

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

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