カテゴリー: Global economy
European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in ChinaRussia-Ukraine war: latest updatesThe growth prospects for the EU have been revised sharply downwards after Russia’s invasion of Ukraine put paid to ho…
The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the lastThe departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. Ther…
Narendra Modi hails ‘good progress’ as Boris Johnson signals he is willing to make concessions on immigrationToday’s politics news – live updatesIndia and the UK will press ahead with talks on a bilateral free trade agreement, Boris Johnson and the Ind…
While the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …
Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflationRussia’s invasion of Ukraine has further dampened the economic prospects for developing countries in east Asia and the Pacific, meaning low…
Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardshipsUS inflation reaches 40-year high at 7.5%Rolling coverage of the latest economic and financial newsAfter decades lurking in the …
Worsening Sino-US ties, strict Covid rules, and the crackdown on dissent have dented the territory’s fabled allure as a business hub, say expatsIn July 2018, Tara Joseph, president of the American Chamber of Commerce in Hong Kong, wrote an article in t…
Resolution Foundation report also highlights risk of British firms being undercut by lower cost rivalsGains from a UK trade deal with India could be on a par with those from an agreement with the US but risks exposing the economy to tougher competition…
Elon Musk and Tesla must consider human rights in the Chinese region or risk being complicit, says Human Rights WatchTesla has opened a new showroom in the capital of Xinjiang, a region at the heart of years-long campaign by Chinese authorities of repr…
Half a million people have sunk into poverty since the pandemic struck, with rising costs forcing many to cut back on foodCoronavirus – latest updatesSee all our coronavirus coverageSri Lanka is facing a deepening financial and humanitarian crisis with…
Beijing to increase business lending and build more affordable housing, but reports say property giant has missed a key bond repaymentChina’s politburo has signalled measures to kickstart the faltering economy as the crisis gripping the country’s debt-…
Those most at risk warn countries such as Australia they will lose out economically if they do not raise targetsSome of the countries most vulnerable to climate breakdown have called on the UN and the UK and other countries who want to lead the climate…
From China backtracking on coal to Britain’s ‘chicken king’ calling for a rethink of food production, the virus has accelerated nationalist impulses towards autarkyWhen Xi Jinping promised the world’s movers and shakers in January 2017 that China would…
Nuclear-capable bombers entered air defence zone, says Taipei, amid simmering row over competing bids to join regional trade agreementChina has voiced opposition to Taiwan joining a major trans-Pacific trade deal as it flew 24 planes – including two nu…
The most vulnerable people will bear the cost of sanctions, as services and the economy collapseWatching Afghanistan’s unfolding trauma, I’ve thought a lot about Mumtaz Ahmed, a young teacher I met a few years ago. Her family fled Kabul during Taliban …