Nestlé says more price rises are coming after 5.2% increase KitKat and Nescafé owner blames surge in cost of ingredients, energy, labour and transport
Russia ‘preparing legal action’ to unfreeze $600bn foreign currency reserves Elvira Nabiullina lawsuits aim to release gold and foreign currency frozen amid sanctions over Ukraine invasion
IMF cuts global growth forecast over Ukraine war Economic gains made after recovery from Covid pandemic could be erased, says expert
IMF tells governments to protect vulnerable people when tackling Covid debt Analysis: Fund’s world economic outlook highlights need to protect people such as refugees
World Bank plans $170bn financing to ease ‘multiple crises’ President ‘deeply concerned about developing countries’ amid Russia’s war in Ukraine, Covid and inflation
Turkey’s war with inflation: ‘Prices change daily and everyone is scared’ Erdoğan’s quixotic policies are putting pressure on prices, but now fallout from Ukraine is pushing the country towards crisis
IMF to lower global growth forecasts due to Ukraine war and Covid Inflation shock caused by the invasion and ongoing pandemic is ‘a crisis on top of a crisis’ says IMF chief
Poorer countries need urgent food help to stop disorder, say global bodies WTO and World Bank among those saying richer countries must step in to alleviate effects of rising prices and shortages
Global overseas aid climbs to all-time high, rising 4.4% in real terms – OECD Concern expressed that figures count Covid vaccines as aid, while Britain is among EU countries accused of ‘gutting’ contributions
Mathias Cormann calls for greater foreign aid despite role in Australian cuts OECD leader urges increase despite previously defending Australia’s cuts while finance minister
World Bank planning to give support worth $1.5bn to Ukraine Funds will help to pay hospital workers and pensions, and continue social programmes for the vulnerable
Closer inspection of UK jobs market reveals economic scars of Covid While the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troubling
Ukraine economy to shrink by almost half this year, World Bank forecasts Bank says many surrounding countries will suffer severe hardship as result of invasion, with Russia predicted to fall into recession
Doug Bannister, head of the Port of Dover: ‘We’re at the centre of Brexit. I signed up for that’ The US executive took over the port in 2019, in the heat of the debate about the EU. He’s not surprised it’s been a challenge
Why is Vladimir Putin demanding Russian gas is paid for in roubles? Plan could be extended to include exports of oil, grain, fertilisers, coal, metals and other key commodities