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Economy
Gatherings for central bankers and military chiefs
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Grim times lie ahead for UK as inflation combines with low growth
The UK is gripped by the kind of labor unrest not seen in decades. This is visible in the railways, London Underground and British Airways. Teachers and other public…
G7 aims to hurt Russia with price cap on oil exports
G7 leaders meeting for a summit in the Bavarian Alps on Sunday seek a deal to impose a "price cap" on Russian oil as the group works to increase Russia's ability to fund its…
Leading economies at risk of falling into high-inflation trap, BIS says
Leading economies are about to "tip" in a high inflation world where rapid price increases are common, dominate everyday life and are hard to suppress, the Bank for…
Global CEOs urge G7 leaders to step up climate action
Major international companies are urging world leaders to take more action to tackle climate change at the G7 summit in Germany this weekend, calling for large-scale carbon…
Economic turmoil tests G7’s ability to deliver united response
Olaf Scholz, who has only been in office for six months, will host Sunday's G7 summit at a time of danger to the West as rising inflation, an energy crisis and the threat of…
Travel chaos and cost of living leave Britons holidaying at home
Chaos over air travel and concerns over the cost of living have sparked a wave of bookings by Britons for domestic summer holidays, offering hope to an industry grappling…
Rising rates raise prospect of property crash
Brenda McKinley has been selling homes in Ontario for over two decades and even for a veteran, the past few years have been shocking.Prices in her area south of Toronto rose by as…
Chinese banks lend Pakistan $2.3bn to avert foreign exchange crisis
A consortium of Chinese state-owned banks has loaned $2.3 billion to Pakistan to help the country avert a foreign payments crisis, Finance Minister Miftah Ismail said…
Climate graphic of the week: ‘Worrying’ gap in clean energy investment between leading and emerging economies
The "disturbing" disparity in clean energy investment between advanced economies and developing countries was spotlighted this week ahead of the G7 leaders' meeting.G7 economies…