Business / Economy Apr 15, 2023
Pressure mounts on China to offer debt relief to poor countries facing default
There was optimism at the spring meetings of the IMF and World Bank that China will make concessions over restructuring its loans.
World / Politics Feb 26, 2023
War in Ukraine deepens divide among major economies at G20 gathering
U.S. Treasury Secretary Janet Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
World Nov 24, 2022
G7 and allies hit snag over setting price cap on Russian oil
The plan is close to being finalized and must be in place before an EU embargo on Russian oil imports kicks in Dec. 5.
Business / Economy Jul 27, 2022
World may be heading toward recession, IMF warns
If the thicket of threats continues to intensify, the world economy faces one of its weakest years since 1970, a period of intense stagflation across the globe.