World Bank criticised over climate crisis spending
Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for
World Bank to discuss in October replacement for 'Doing Business' reports
The World Bank's board will discuss plans next month for replacing the bank's flagship "Doing Business" rankings that were canceled in September 2021 after an external report found data irregularities, World Bank President David Malpass said.
UK economy ‘will grind to a halt’ and then shrink, BCC forecasts
Business group downgrades its outlook for growth next year to 0.6% as inflation soars
Ukraine war: World Bank warns of global recession due to conflict
"As we look at the global GDP ... it's hard right now to see how we avoid a recession," David Malpass said.
Inflation bites hardest in developing world as Ukraine war raises prices
Poorer countries – hampered by Covid debt and aid cuts – are facing hunger and unrest as conflict pushes up the cost of staples
War significantly disrupting Ukraine’s food production, UK warns
MoD issues stark warning amid concerns conflict could cause food shortages in Africa and Middle East
UK economic growth will slow to weakest in G7, warns IMF
The projected growth for Britain next year is lower than for any other major advanced economy
Ukraine to receive $1.5bn in support package from World Bank
World Bank says its helping Ukraine provide critical services, including paying wages for hospital workers.
Ukraine invasion may lead to worldwide food crisis, warns UN
Food and Agriculture Organization sounds alarm as war threatens supply of wheat and other staples
World Bank approves $723 mln in loans, grants for Ukraine
The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine, providing desperately needed government budget support as the country battles a Russian invasion.
All bets are off if Putin weaponizes oil
Russia faces the specter of a full-blown financial meltdown. Punishing sanctions leveled by the West have sent the ruble crashing to record lows, shuttered Moscow's stock market and made Russian assets toxic on the world stage.
China warns west against rapid interest rate rise
Xi Jinping says major economies need to be wary of ‘negative spillovers’ hitting global recovery