US tariffs will result in shock to global growth but not recession, World Bank says
Washington-based institution says growth forecasts have been cut in nearly 70 per cent of economies
World Bank
Tariff deal talks to dominate IMF-World Bank meetings this week
Trump’s tariffs are already darkening the IMF’s economic forecasts, due to be released on Tuesday
EU issues US-bound staff with burner phones over spying fears
European Commission officials heading to IMF and World Bank spring meetings advised to travel with basic devices
In the Trump era, Europe should shift its gaze towards China – Joseph Stiglitz
Nobel prize-winning economist says defence spending move by EU is sound economic policy
Explainer: 10 takeaways from Cop 29, a collective failure
Amid pressure from petrostates, Donald Trump’s looming US presidency, curtailed activism and continuing implementation difficulties, the progress was better than nothing - but way short of what is required
Global South must be saved from fossil fuels and other climate-harming practices
Ethiopia is among many countries suffering hunger, poverty and misery due to the Global North’s destruction of the planet and its banks financing damaging agricultural programmes and fossil fuel expansion
Smurfit awarded €423m over Venezuela’s 2018 seizure of assets
South American country has lost numerous international arbitration cases following its nationalisation wave
What if your salary was tax free and materials were taxed instead?
A Dutch think tank is promoting a radical shift in taxation, away from labour, focusing instead on the creation of pollution
Netanyahu ‘rejects outright’ ending of Gaza conflict in return for hostages
Israeli prime minister’s comments follow reports that talks are expected on a new hostage-release deal
Global economy heading for weakest half-decade of growth in 30 years, World Bank warns
Washington-based bank says mounting geopolitical tensions could create fresh near-term hazards
Donohoe would face intense political fight for top IMF job
Under a longstanding agreement a European gets the IMF managing director job and an American heads the World Bank
Afghans return to Taliban rule as Pakistan moves to expel 1.7m
Islamabad’s threat has torn families apart and pushed even Afghans with valid papers to leave
Countries in debt distress thrown financial lifeline at climate summit
Significant support for shipping tax at Paris gathering but critics say measures are insufficient
‘Russia must pay’: How to meet Ukraine’s $411bn war bill
Support for Ukraine’s accession to the EU appears to be solidifying, as does the will to make Russia financially accountable
World Bank and IMF announce support and funding for countries affected by natural disasters
Summit for a New Global Financing Pact in Paris told financial system has ‘failed in its mission to provide a global safety net for developing countries’
Ukraine says dam destruction will devastate farming
Kyiv and Moscow accuse each other’s troops of shelling evacuation areas
Rapid hike in interest rates leaves global economy in ‘precarious position’, World Bank warns
Washington-based lender says restrictive global credit conditions have triggered sharp slowdown in growth while intensifying risk of financial stress
Ajay Banga confirmed as World Bank chief, signals climate-change shift
Former Mastercard chief executive was tapped by US President Joe Biden in February
As Blinken visits Niger, daily struggles are laid bare in city market
US secretary of state’s visit comes at a time when country is facing a humanitarian crisis
Unemployment driving young Africans into extremist militant groups, says the UN
Rural Niger offers young men no way to make a living, forcing huge numbers to emigrate and others to turn to crime
Nigerian elections: Tens of millions of voters expected to turn out for polls
Africa’s biggest economy has average life expectancy of 53 and is beset with poverty, debt and regional Islamic insurgency
Sri Lanka’s economic crisis leaves elderly homeless and penniless
Economic crisis strains family elderly care systems as large numbers of older workers lack pensions
Michael D Higgins: ‘How many atrocities are ignored because of trade relationships? Trade should not be defeating human rights’
The President on migration, the Irish housing crisis and how he has his role ‘quite worked out’
President questions future of national borders to block migration amid climate threat
‘We can’t look at those drowned in the sea… without realising that something has gone desperately wrong,’ Michael D Higgins says
Kathy Sheridan: The ‘Ireland is full’ brigade should reflect on how globalisation has transformed our fortunes
The population has soared, we are close to full employment and life expectancy is the highest in Europe
Martin Wolf: The threat of a lost decade in development
A way has to be found to resolve the debt problems that are now emerging for the world’s most vulnerable
TD’s case over Ceta shines a light on contentious investor courts system
System set up by former European colonial powers favours the wealthy, say critics
Planet Business: Trussonomics goes on tour
Plus top Christmas toys, a Hollywood paint job and accusations of climate denial at the World Bank
Many parts of the world are facing a hunger crisis that requires radical action
This, like Covid, needs to be designated a shared emergency and met with a collective, global response
‘Retiring at 66 has to go’: Taoiseach signals radical shake-up of pension system
Taoiseach says legal changes to pension system on the way during a visit to Japan
Sri Lankan president agrees to resign amid protests
Day of demonstrations also saw protesters set fire to prime minister’s home after he had agreed to step down
Ireland is missing the usual signs of recession
Ireland’s economic outlook comes with high downside risks but remains positive despite some fierce headwinds and the worst cost-of-living crisis in a decade
World Bank warns many countries headed for recession
Washington-based institution says Russia’s invasion of Ukraine has compounded damage from pandemic and raised risk of 1970s-style stagflation
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