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Global economy

Cliff edge looms for UK’s financial system

Britain’s financial system is approaching a cliff edge. After stepping in to calm the market chaos that followed...

Cutting oil output risks global economy, warns US Treasury secretary

The world’s biggest oil-producing nations cutting production at a time of soaring energy costs is “unhelpful and unwise” for...

Europe on the brink: the states battling to stave off recession

Almost six months after Vladimir Putin ordered Russian troops into Ukraine, the extent of the damage to the European...

Era of soaring house prices is ending as central banks raise rates | Larry Elliott

I t’s over. An era of ever-rising house prices stimulated by cheap money is coming to an end....

IMF slashes global growth forecast as top three economies ‘stall’

The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s...

Ukrainian president Zelenskiy accuses Vitol over ‘Russian blood oil’

The Ukrainian president, Volodymyr Zelenskiy , has called on the world’s largest independent oil trader to stop shipping Russian...

Inflation in eurozone hits record 8.6% as Ukraine war continues

Inflation across the eurozone has soared to a fresh record of 8. 6% in June as Russia’s war in...

History turns full circle as G7 alarm bells ring over energy once again | Larry Elliott

I t is Germany’s turn to host the annual summit of G7 leaders this year and while the war...

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