Europe could face energy rationing as ‘really tough winter’ looms, Shell boss warns
Ben van Beurden says Ukraine war fallout means big rise in bills and possible need to ration supplies
Global recession risk rising as economic outlook ‘darkens significantly’, IMF says
Cost-of-living crisis ‘only getting worse’ says IMF chief Kristalina Georgieva, predicting a tough 2022, and ‘even tougher 2023’
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Neglect Africa now and we will face labour shortages globally, IMF warns
West’s response to effects of Covid and Ukraine war condemned as shortsighted ‘collective failure’ to invest in future human capital
Germany records first monthly trade deficit since 1991 as inflation soars
May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base
Europe at risk of recession amid concerns Russia could cut gas supplies
Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this
Inflation in eurozone hits record 8.6% as Ukraine war continues
ECB plans first interest rate rise in 11 years as food prices increase and Putin’s invasion drives up energy costs
Nations must work together through ‘conflict and crisis’ to reduce climate change risks, Albanese tells OECD
Prime minister will say food insecurity has become a significant challenge and Australia has a major role to play in meeting the challenge
£5bn Boots sale abandoned as potential buyers struggle to raise funds
UK’s biggest chemist to stay with Walgreens Boots Alliance as market turmoil makes debt-funded takeovers difficult
UK faces ‘significant risks’ to quality of food imported post-Brexit, says report
Better controls on EU goods needed as impact of Covid and Russia-Ukraine war also put pressure on standards
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