US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt Somalia has announced that more than $1.1bn (£860m)...
Category : Economics
China posts record trade surplus as foreign importers rush to beat tariffs
The $99bn figure comes as data shows exports growing at fastest rate in 15 months while imports fell China posted a record $99bn (£76.4bn) trade...
Russian ties and cheap tech: G7 leaders unequivocal in criticism of China
Concerns set out over supply of materials with military applications, and impact of subsidies on global market China’s role in providing assistance to Russia in...
Biden announces 100% tariff on Chinese-made electric vehicles
White House levy to protect US makers from cheap imports likely to inflame trade tensions The US president, Joe Biden, has announced a 100% tariff...
Biden White House to expand tariffs on Chinese trade
President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump Joe Biden is...
World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say
Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect The World Bank and the...
Covid pandemic made poorest countries even worse off, World Bank warns
Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’ Larry Elliott: At last G20...
China needs to do more on ‘silent crisis’ of debt, says World Bank official
Beijing must be more ready to support countries facing distress, says deputy chief economist China holds the key to speeding up debt relief and ending...
UK ditches post-Brexit Canada trade talks; Vodafone and Three UK merger under investigation – as it happened
Live, rolling coverage of business, economics and financial markets as Canada says UK was unwilling to give access to agricultural products Full story: UK suspends...
Javier Milei’s radical economic policies for Argentina met with protests
New libertarian president accused of drawing up a ‘battle plan against working people’ Thousands of protesters have poured on to the streets of Buenos Aires...
