Poorest countries are biggest losers from economic shocks, says World Bank Combined impact of Covid crisis, Ukraine war and tough measures by central banks taking heavy toll
German economy in recession after high prices take toll, revised figures reveal Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%
Sunak to urge G7 support for collective action against ‘economic coercion’ Leaders expected to form council that will discuss response if states such as Russia and China boycott trade for political reasons
The US debt ceiling crisis is more proof of Republicans’ cynicism and bad faith Republicans want to force spending cuts by threat instead of legislating – and the cuts they’re asking for are appalling
European economy expected to grow faster than forecast, says EU Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%
The UK has a PR plan masquerading as an industrial strategy Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering
Cyprus handed 800-page US dossier on Russia sanctions breaches Report details how local people and firms allegedly helped Alisher Usmanov conceal assets
How war in Taiwan could mean the wheels come off the UK economy Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok?
Eurozone economy avoids recession ‘by a whisker’ Warmer winter, lower energy prices and China’s reopening help bloc surprise economists and stave off severe downturn
UK economy not ‘out of the woods’, says Barclays boss after bank’s record profit Venkatakrishnan says bank remains cautious about months ahead despite first-quarter profit of £2.6bn
If China invaded Taiwan it would destroy world trade, says James Cleverly UK foreign secretary warns a war across Taiwan strait and likely destruction of semiconductor industry would have global effects
India and Russia in ‘advanced talks’ over free trade agreement Deal would build closer economic ties as most western states push to isolate Moscow over Ukraine
Revealed: how Cypriot firm helped the ‘Orthodox oligarch’ after he was placed under sanctions Konstantin Malofeyev, accused of aiding pro-Russian rebels in Ukraine, appeared to continue moving money through the global system
James Cleverly in Japan for G7 as UK tilts towards Pacific post-Brexit Foreign secretary says ‘free and open Indo-Pacific’ is ‘critical to UK’ and releases manga-style cartoons to mark his visit
Age of globalisation is now the age of instability – and we need a plan Bridgetown Initiative could be way for rich nations’ development finance words to become action