US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement

Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt

German carmakers’ shares slump on fear Trump will impose steep tariffs

Move would create yet another challenge for European carmakers already struggling with falling sales and profits

NIESR warns British economy would be one of the worst affected by protectionist policies

Markets expect his policy package to harm trade and growth but reduce business taxes

West’s dominance is being challenged, with Brics summit showing emerging markets are unwilling to bow to pressure

Downward trend in oil price from higher production, falling demand in China and clean energy to continue

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%

Optimistic forecasts could be upset by high borrowing costs, war in the Middle East – or a Trump election win

In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations

We need to deal with the climate effects of global capitalism the way we deal with inflation – by applying the brakes

Setbacks mean UN goal of ending extreme poverty by 2030 is impossible to hit, report finds

Guests at all-day event include the NHS boss, execs from Google, BlackRock and Aviva – and Gareth Southgate

For the fourth time in 16 years, ‘bazooka’ stimulus aims to reset the economy – but China’s problems demand structural solutions

Investors disappointed after hoped-for policy plans by Beijing to stimulate economy failed to materialise

Lobby group UK Steel said country faces ‘cliff edge’ in 2026 when current protections run out