The World Bank must take a “quantum leap” to provide new finance to tackle the climate crisis or face “climate-driven economic catastrophe” that would bring…
View More World Bank must take ‘quantum leap’ to tackle climate crisis, UN expert saysTag: Global economy
UK to introduce carbon tax on steel imports from 2027
Imported raw materials such as steel and cement will incur a new carbon tax from 2027 under UK plans designed to support domestic producers and…
View More UK to introduce carbon tax on steel imports from 2027UK inflation expected to fall to 6.5% in September
Headline inflation eased again in September, official figures are expected to show this week, while pay growth is slowing. Economists polled by Refinitiv expect the…
View More UK inflation expected to fall to 6.5% in SeptemberParis talks to focus on funding poor countries to tackle climate crisis
Talks on a global financial pact that will give poor countries access to funds to help them tackle the climate crisis and develop their economies…
View More Paris talks to focus on funding poor countries to tackle climate crisisUK firms using legal muscle to facilitate human rights and climate abuses – report
UK companies operating overseas are afforded far greater legal protections than the citizens of the countries they invest in, leading to corporations getting away with…
View More UK firms using legal muscle to facilitate human rights and climate abuses – reportCutting emissions will hit growth, but costs of inaction much higher, says IMF
Vital steps to reduce greenhouse gases by 25% by the end of the decade will lead to lower growth and higher inflation but the costs…
View More Cutting emissions will hit growth, but costs of inaction much higher, says IMFReturn to the 70s: World Bank warns of weak growth and high inflation
The global economy faces a protracted period of weak growth and high inflation reminiscent of the 1970s as the impact of a two-year pandemic is…
View More Return to the 70s: World Bank warns of weak growth and high inflationWhy a swift economic victory against Russia looks unlikely
Be ready for a long haul. That was the subtext of Boris Johnson’s message to MPs as he committed to toughening up sanctions against Russia.…
View More Why a swift economic victory against Russia looks unlikelyUK petrol prices poised to hit record 150p a litre soon, warns RAC
UK petrol prices are poised to hit a record 150p a litre later this week after the worsening tension in Ukraine added fresh pressure to…
View More UK petrol prices poised to hit record 150p a litre soon, warns RACClimate-vulnerable countries call for help forcing high emitters to act
Some of the countries most vulnerable to climate breakdown have called on the UN and the UK and other countries who want to lead the…
View More Climate-vulnerable countries call for help forcing high emitters to act