Global economic fears deepen as service sector dips in China and Europe Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors
Rishi Sunak rules out quick-fix trade deal with India Exclusive: Sources believe deal will not be struck before meeting with Narendra Modi at G20 summit
China is too big for a Soviet Union-style collapse, but it’s on shaky ground With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden
Putin sets sights on re-election but cost of war can only grow With defence spending booming, China onside and murky deals filling gaps left by sanctions, the Kremlin believes it can weather a damaged rouble, but will Russians stomach welfare cuts if they come?
Putin to discuss capital controls to help prop up rouble, report says Proposals said to include forcing large exporters to convert up to 80% of their foreign currency into roubles
Russia’s central bank hikes interest rates by 3.5 percentage points as rouble falls Emergency decision is intended to halt slide after currency dropped to weakest point in almost 17 months
Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy
In previous downturns the world turned to China as an engine of growth – this time that driver may not be there What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?
Why the US will break out first from the low-growth trap Western economies must adopt industrial strategies, boost R&D and exploit new tech to prosper – Americans realise this better than Europeans
UK interest rates need to stay higher for longer to beat inflation, says IMF US Fed will also have to raise rates more aggressively than forecast, says Washington-based body
Share of EU trade for English and Welsh factories falls despite global trade boom Make UK report says post-Brexit structural shift in trade is particularly hurting factories in north-west and West Midlands
Australian grain growers locking in surging prices following collapse of Black Sea deal Russia’s end to Ukrainian grain export deal set to benefit local farmers during their fourth consecutive year of healthy harvests
Grain prices rise after Russian pullout of Black Sea deal sparks food crisis fears Moscow criticised as concern grows about impact of climbing agricultural commodity prices on poorer countries
UN agency pushes for debt repayment breaks as poverty rates rocket Estimated 25 low-income countries spent more than 20% of their revenues on debt servicing last year
Economic ‘headwinds’ lead IEA to cut global oil demand forecast International Energy Agency still expects a record high this year, but for growth to be lower than thought