US and Australia become latest countries to confirm locally transmitted casesAct now against Omicron to stop new Covid wave, UK warnedGermany’s Covid wave could reach ‘sad peak’ at ChristmasCoronavirus – latest updatesSee all our coronavirus coverageTh…
Rishi Sunak to save billions by counting IMF cash as aid for poor
Exclusive: chancellor criticised by former Tory international development secretaries for planned use of $27.4bn windfallRishi Sunak is to save billions of pounds by counting as aid financial assistance to poor countries being provided as a result of a…
Will October again be memorable for wrong reasons as economic risks build? | Larry Elliott
Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
IMF cuts global economic forecast as pandemic ‘hobbles’ growth
Fund chief Kristalina Georgieva says most serious obstacle to full recovery remains Covid vaccine divide between rich and poor statesThe head of the International Monetary Fund has warned the world economy remains “hobbled” by the Covid-19 pandemic as …
IMF boss Kristalina Georgieva ‘faces coup plot’
Renowned economist Joseph Stiglitz says chief is victim of conservative ‘hatchet job’ using unfair report to discredit herThe International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winnin…
Has Covid ended the neoliberal era? | Adam Tooze
The year 2020 exposed the risks and weaknesses of the market-driven global system like never before. It’s hard to avoid the sense that a turning point has been reachedIf one word could sum up the experience of 2020, it would be disbelief. Between Xi Ji…
Will central bank digital currencies dethrone the dollar?
Some say the greenback’s dominance of cross-border payments will be erodedThis week marks the 50th anniversary of “the weekend that changed the world”, when the US president Richard Nixon suspended the dollar’s convertibility into gold at a fixed price…
IMF approves $650bn injection to help countries weather pandemic – business live
Rolling coverage of the latest business and financial news 10.50am BST Fancy a pasty for dinner?Ok, it’s not yet lunchtime, but Greggs is thinking about the evening meal as it looks to keep growing the business. Pre-ordering is a market trend that we b…
If education is such a great investment, it deserves serious international backing
The World Bank and IMF should step in to finance a recovery of children’s learning chances devastated by the pandemic“Education,” wrote Nelson Mandela, “is the most powerful weapon you can use to change the world.” One wonders what he would have made o…