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 : Global economy
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...
‘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...
