Global Recession Warning As World Bank Cuts Economic Forecast
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Rich nations pledge $11bn to World Bank for climate and global crises
Contributions will boost lending to poorer countries as pressure growsFinancial Times - World - Climate -
Bank of England policymaker warns against cutting rates too soon
Pound rises against dollar as chief economist Huw Pill sets a different tone from deputy governorFinancial Times - Business -
High global food prices may finally see a bottom in 2024, says Oxford Economics
According to Oxford Economics, global food prices are expected to decline in 2024, offering some relief for shoppers.CNBC - Business -
Global banking regulator sounds out investors on suitability of AT1s
Debt instrument has been in spotlight since holders of Credit Suisse additional tier 1 bonds lost $17bn last yearFinancial Times - Business -
Global banking regulator sounds out investors on suitability of AT1s
Debt instrument has been in spotlight since holders of Credit Suisse additional tier 1 bonds lost $17bn last yearFinancial Times - World -
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiascoFinancial Times - Business -
Tesla cuts prices around the world as sales decline in a chaotic week
Global vehicle deliveries fall for first time in four years amid growing competition, while Cybertruck faces recall. Tesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe – including ...The Guardian - World - Tesla -
Climate change a health risk for 70% of world's workers, UN warns
Cancer, heart disease, respiratory illnesses and kidney dysfunction among the health consequences of a warming planet.CBS News - Top stories - Climate -
Climate change a health risk for 70% of world's workers, UN warns
Cancer, heart disease, respiratory illnesses and kidney dysfunction among the health consequences of a warming planet.CBS News - World - Climate -
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehiclesABC News - Tech - Tesla -
World Bank official calls for shake-up of G20 debt relief scheme
Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020. The mechanism for providing debt relief to the world’s poorest countries is failing to produce results and requires ...The Guardian - World -
World Bank suspends Tanzania tourism funding after claims of killings and evictions
Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budget. The World Bank has suspended financing intended to develop tourism in southern Tanzania after allegations of killings, ...The Guardian - World -
Tanzania tourism: World Bank suspends funding for Ruaha National Park project
Yahoo News - World -
UN labor agency report warns of rising threat of excess heat, climate change on world's workers
The U.N. labor organization is warning that over 70% of the world’s workforce is likely to be exposed to excessive heat during their careers, citing increased concern about exposure to sunlightABC News - Health - Climate -
World Bank president's speech on China poverty reduction taken out of context online
Yahoo News - World - China -
Facing pressure from rights groups, World Bank suspends funding for Tanzania tourism project
A U.S.-based rights group says the World Bank has suspended funding for a tourism project in Tanzania that allegedly caused the suffering of tens of thousands of villagersABC News - World -
Is South Korea’s economic miracle over?
Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on manufacturingFinancial Times - World - South Korea -
Is South Korea’s economic miracle over?
Decades of growth are tapering off as the country struggles to reform its model and reduce its dependence on manufacturingFinancial Times - Business - South Korea -
Breaking down climate change's economic impacts
Climate change could cause a $38 trillion income loss per year globally by 2049, according to a new study by the Potsdam Institute for Climate Impact Research. CBS News' Lilia Luciano breaks down the numbers.CBS News - Top stories - Climate -
UK borrowing casts doubt on pre-election tax cuts
Government borrowing for the year was £6.6bn higher than expected, according to new figures.BBC News - Top stories - United Kingdom -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Trump masks his rage as ‘hush money’ trial starts
With his freedom at risk, former US president scowls but sits silently at the start of testimony in his criminal trialFinancial Times - Business - Donald Trump -
UK business activity beats forecasts in April
Reading of 54 well above 52.6 predicted by economists, and fastest expansion since MayFinancial Times - Business - United Kingdom -
UK business activity beats forecasts in April
Reading of 54 well above 52.6 predicted by economists, and fastest expansion since MayFinancial Times - World - United Kingdom -
Ireland forecasts €8.6bn budget surplus this year
Government has room to offer generous pre-election budget but warns era of bumper tax receipts may be waningFinancial Times - World -
Ireland forecasts €8.6bn budget surplus this year
Government has room to offer generous pre-election budget but warns era of bumper tax receipts may be waningFinancial Times - Business -
Ireland forecasts €8.6bn budget surplus this year
Government has room to offer generous pre-election budget but warns era of bumper tax receipts may be waningFinancial Times - Business -
Mattel Sales Miss Forecasts as 'Barbie' Boost Wanes
Toymaker’s sales slipped in its first quarter as the boom from last year’s “Barbie” movie eased.The Wall Street Journal - World -
Economic coercion has failed, we must confront and contain Iran now
If President Biden is serious about regional stability, he will act decisively to eliminate Iran’s ability to terrorize its neighbors.The Hill - Politics - Iran -
U.S. dollar — and its No. 1 status — could become a casualty of economic war
A less-respected U.S. dollar will have major implications for world trade and American consumers.MarketWatch - Business -
The bubble has burst: On the road to a lost Chinese economic decade
No longer will the world be able to count on China to be the world’s primary engine of economic growth.The Hill - Politics -
Argentina economic activity seen plunging 6% in February- Reuters poll
Yahoo News - World -
New economic corridor planned to link Turkey to Gulf via Iraq
Yahoo News - World - Turkey -
Global defence budget jumps to record high of $2440bn
For the first time, government military spending increased in all five geographical regions, Sipri thinktank finds. Global military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on ...The Guardian - World