Sri Lanka is the first domino to fall in the face of a global debt crisis

The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the last

Global stock markets fall sharply amid fears over inflation and China slowdown

FTSE 100 and S&P 500 among those to slide as investors worry that worldwide growth is weakening

Kyiv School of Economics estimates cost of conflict could rise to $600bn, almost four times the nation’s GDP

As deadline loom, Brussels commissioner says handing over roubles would breach sanctions

Germany, Hungary and others are devising ways they can use roubles to pay Gazprom and not be in breach of sanctions

World Bank says biggest commodity shock since 1970s raises spectre of stagflation

FTSE 100 drops by 141 points to 7380.5, its lowest close in more than five weeks

If Russia’s invasion of Ukraine is hurting developed countries, it’s proving a hammer blow for the poor

Immediate embargo would cost €180bn but economy may not shrink as much as first year of Covid

Narendra Modi hails ‘good progress’ as Boris Johnson signals he is willing to make concessions on immigration

KitKat and Nescafé owner blames surge in cost of ingredients, energy, labour and transport

Elvira Nabiullina lawsuits aim to release gold and foreign currency frozen amid sanctions over Ukraine invasion

Economic gains made after recovery from Covid pandemic could be erased, says expert

Analysis: Fund’s world economic outlook highlights need to protect people such as refugees

President ‘deeply concerned about developing countries’ amid Russia’s war in Ukraine, Covid and inflation