Ukraine war means governments must help with soaring bills, says OECD Leading thinktank raises global inflation forecast to 7.5% as cost of food staples, minerals and energy rises
What could China’s zero Covid strategy mean for Australian business? How will rising case numbers and tens of millions of people under strict lockdown affect local supply chains and Australia’s economy?
Ukraine economy could shrink by up to 35% in 2022, says IMF Institution believes invasion by Russia will cause ‘devastating’ damage to global economy
Can the west slaughter Putin’s sacred cash cow? Ukraine believes the only way the Russian president will back down is if his economic power base in fossil fuels is seriously threatened. Putin thinks Europe and the US are too weak to do it – but some believe there is a way
Bye-bye to the Big Mac: Russia’s war heralds a dark, isolated economic era The invasion of Ukraine could pitch Moscow, and the world, back into financial crises that had seemed part of history
McDonald’s in Russia: departure is about a lot more than burgers Stung by its honeymoon with westernisation, Putin’s way of restoring Russian relevance has been to tear up global norms
G7 nations strip Russia of ‘most favoured nation’ status Group of wealthy nations plan to revoke benefits and impose heavy tariffs to further isolate Moscow over Ukraine war
Ukraine war piles pressure on global food system already in crisis Analysis: invasion sending grain prices soaring, compounding effects of climate crisis on food production
Shell to halt buying Russian oil and gas and Unilever to stop sales in Russia Exodus of big British companies continues as bosses forced to examine their companies’ links to Russia
Pressure grows on McDonald’s and Coca-Cola to suspend Russia operations Calls for boycott include other big western food and drink companies such as PepsiCo, KFC, Starbucks and Burger King
Energy price shock eases slightly as Germany allays fears of imminent Russia embargo Gas and oil hit record highs before stabilising as countries dependent on Russian imports say measures likely to be introduced ‘step by step’
Mastercard and Visa block in Russia does not stop domestic purchases Impact of US card giants’ move diluted after local Mir payment system clarifies ban only affects foreign transactions
Russia’s economy is under siege, but will the west break first? Sanctions will take time and ‘Ukraine fatigue’ could blunt west’s resolve as cost of living crisis deepens
Russia’s central bank head ‘is mourning for her economy’ Elvira Nabiullina, noted for her symbolic outfits, wore funereal black when announcing the economic response to sanctions
Ukraine war a ‘catastrophe’ for global economy as stock markets plunge Moscow stock exchange remained closed during the week, while the rouble fell to record lows