World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’
A group of 50 NGOs found that bank and subsidiaries had funded oil refinery and gas processing
Fears grow over oil price as Opec+ agrees to bigger than expected output cuts
Cartel curbs production by 2m barrels a day despite strong US pressure, further squeezing supplies
Cutting emissions will hit growth, but costs of inaction much higher, says IMF
IMF says taking swift action to achieve 25% cut in greenhouse gases by end of decade will cost less than failing to act
Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts
Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP
UN accuses richest countries of ‘imprudent gamble’ in inflation fight
Report says policies of high interest rates and austerity risk triggering global recession that will hit developing nations hardest
High interest rates paid by poorer nations spark fears of global debt crisis
Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar
The Guardian view on the UK economy: sack Kwarteng, oust Truss
Editorial: The crisis was created by the new government. But the British people, not ministers, are paying the price
Truss says she has ‘right plan’ on economy and will not change course
In series of local BBC interviews, prime minister says she is prepared to make difficult decisions
China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook
East Asia and Pacific annual growth forecasts downgraded from 5% to 3.2% as China’s economy cools, largely due to zero-Covid policy
Swiss to vote in national poll on banning factory farming
This weekend’s ballot could see Switzerland also giving farm animals the constitutional right ‘not to be intensively farmed’
NGO retracts ‘waste colonialism’ report blaming Asian countries for plastic pollution
Ocean Conservancy apologises for ‘false narrative’ of 2015 study that put blame for bulk of world’s plastic waste on five Asian states
Big oil and Opec are holding the world to ransom – it’s time to rein them in
The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels
Huawei founder sparks alarm in China with warning of ‘painful’ next decade
Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival
Britain imports no energy from Russia for first time on record
UK aimed to phase oil Russian oil imports by end of 2022; in June it achieved that target, ONS data shows
Europe on the brink: the states battling to stave off recession
War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?