Argentina’s new government devalues peso by more than 50%
Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades Argentina has devalued its currency, the peso, by more than...
Category : Economics
UK will not return to Cameron era’s close ties with China, Sunak says
At summit to drum up foreign investment PM says he does not intend to change policy towards Beijing Nils Pratley: Summit is very nice –...
Would Javier Milei’s dollar plan for Argentina be an economic experiment too far?
President-elect’s idea is a gamble that is likely to crash an economy paying the price for mistakes of his predecessor Javier Milei’s bigger-than-expected victory in...
High interest rates help double HSBC profits
Bank to buyback $3bn in shares after quarterly profits double despite financial hit from China’s property crisis HSBC will hand more than $3bn (£2.5bn) to...
‘Corruption is not an African issue’: bank chief says it’s time to believe in the continent’s future
In an exclusive interview, Akinwumi Adesina, head of the African Development Bank and ‘optimist-in-chief’, says the outlook is good for a continent with both the...
IMF clings to a hopeful agenda as crisis follows crisis
At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again Last week’s turmoil...
Investigation launched into killings and evictions on World Bank tourism project
Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes The World Bank is investigating allegations of...
‘I’m left with nothing’: Nigerians feel brunt of economic shakeup
President Tinubu’s policies please foreign investors, but a devalued currency and soaring petrol prices mean ‘national sacrifice mode’ is widely unpopular Nigerians are feeling the...
James Cleverly in Japan for G7 as UK tilts towards Pacific post-Brexit
Foreign secretary says ‘free and open Indo-Pacific’ is ‘critical to UK’ and releases manga-style cartoons to mark his visit James Cleverly has arrived in Japan...
IMF calls for ‘another Gleneagles moment’ on debt relief and aid
Package similar to 2005 deal needed as struggling African countries suffer severe funding squeeze, says official Western countries need to put together a debt relief...
