Global economy heading for weakest growth since 1990, says IMF boss Kristalina Georgieva says slowdown last year after Covid pandemic and Russian invasion of Ukraine could persist for five years
Macron arrives in China hoping to talk Xi into changing stance on Ukraine French leader sees Beijing as possible ‘gamechanger’ and will also discuss European trade on three-day visit
Why are oil prices rising and what does it mean for inflation? All you need to know about the Opec+ decision to cut production and the potential knock-on effects
Pacific trade deal is more useful to Joe Biden than it is to the UK’s economy Hailed by Tory MPs as a Brexit benefit, CPTPP membership actually turns the UK into a willing pawn in Washington’s geopolitical game
Rishi Sunak sidesteps question about whether having private swimming pool means he’s out of touch – as it happened PM also refused to say what he would do if inquiry into Dominic Raab found justice secretary bullied officials
UK joins Asia-Pacific CPTPP trade bloc that includes Japan and Australia Unions have condemned clauses in deal that will allow large firms to sue UK government behind closed doors
World Bank chief calls for dramatic hike in funding to help developing world Outgoing boss David Malpass says more money needed to combat overlapping crises of war, pandemics and climate emergency
China spent $240bn on belt and road bailouts from 2008 to 2021, study finds Rise in emergency financing for other countries since 2016 correlates with drop in infrastructure lending
IMF chief warns global financial stability at risk from banking turmoil Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders
Economic growth is not a magic wand for ending poverty Misguided policies are hurting the poorest in society; our focus should be on reducing inequality not increasing GDP
Why did the $212bn tech-lender Silicon Valley bank abruptly collapse? Was it the result of Trump-era regulation rollbacks, risk mismanagement at the bank, sharp interest rate rises – or a combination of all three?
What is happening in financial markets and could there be a global crisis? Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash
Central banks must keep interest rates high to combat inflation, says OECD Organisation also says UK will be only G20 economy apart from Russia to shrink this year
Extreme poverty could be eradicated globally by 2050 – report Higher growth should mean stable employment and wages, with low- and middle-income countries seeing biggest improvements