Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth $26tn of new wealth created since start of pandemic went to richest, Oxfam report reveals
Soaring food and energy prices could persist ‘for next two years’ Warning comes in annual global risks report for next week’s World Economic Forum in Davos
World Bank walking tightrope as it mulls increased lending to poorest Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?
Global economy risks second recession within three years, warns World Bank Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war
Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists Statement from 182 experts say only debt cancellation offers chance of recovery but investors are playing hardball
Job cuts and falling shares: how did it all go so wrong for the US tech sector? As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley
Global economic forecast for 2023? A stormy start followed by a ray of hope Wall Street predicts turbulent first six months but growing optimism at ebbing inflation, slowing pace of rate hikes and China’s reopening
Third of world economy to hit recession in 2023, IMF head warns China’s lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is ‘most resilient.’
Indian leather companies accused of enabling Russia’s war effort Soldiers’ boots are made from imported Indian leather as country’s trade with Russia soars by 400%
Goldman Sachs boss unveils plan to cut jobs amid global economy fears CEO David Solomon said he will make cuts in January with reports claiming investment bank will axe about 4,000 posts
China’s move to ease Covid travel restrictions lifts hopes for global economy Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023
Green tariffs: what are they and why do they matter? They are considered a means of levelling the playing field between countries with differing commitments to cutting carbon
EU becomes first leading economy to legislate for ‘green tariff’ on imports Countries that fail to decarbonise industries such as iron and steel face an effective carbon tax
World’s poorest countries’ debt interest payments rise 35%, report says Report’s author, the World Bank, states concern over poor countries’ increasing spending on debt
New York and Singapore top the list of world’s most expensive cities in 2022 Sydney sneaks into Top 10 as rising energy prices send inflation soaring globally, Economist Intelligence Unit survey finds