Jan 11 Report warns the cost-of-living crisis may overshadow climate change By Kelvin Chan, Associated Press A report by the World Economic Forum says climate change is the global economy's biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis. Continue reading
Dec 12 After year of interest rate hikes, Wall Street ticks higher ahead of next Fed meeting By Stan Choe, Associated Press Wall Street is ticking higher at the start of a busy week where central banks are likely to unload the year’s final barrage of hikes to interest rates. Continue reading
Nov 29 IMF director urges targeted COVID approach in China to ease global economic impact By David McHugh, Associated Press IMF Managing Director Kristalina Georgieva urged a “recalibration” of China's tough “zero-COVID" approach aimed at isolating every case “exactly because of the impact it has on both people and on the economy… Continue reading
Nov 19 Asia-Pacific leaders condemn war, renew calls for open trade as APEC summit ends By Krutika Pathi, Chisato Tanaka, Chalida Ekvittayavechnukul, Associated Press Leaders from around the Asia-Pacific called for an end to Russia’s war on Ukraine and pledged to steer the region’s economies toward sustainable growth as they wrapped up summit meetings Saturday. Continue reading
Nov 15 World leaders set to condemn Russia’s invasion of Ukraine at G-20 summit By Seung Min Kim, Zeke Miller, Elaine Kurtenbach, Associated Press Leaders of the world's largest economies remain divided over Russia's invasion of Ukraine but appear prepared to convey a strong message from most condemning the war. Continue reading
Oct 06 Global economy ‘likely to get worse before it gets better’ warns IMF By Fatima Hussein, Associated Press The International Monetary Fund is once again lowering its projections for global economic growth in 2023. Continue reading
Jul 21 Europe’s central bank raises interest rates for first time in 11 years By David McHugh, Associated Press The ECB is joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. Continue reading
Mar 16 Climate change is already disrupting the global supply chain. Here’s how By Jacques Leslie, Yale Environment 360 The impact of the COVID pandemic on the global supply chain has been widely reported. But extreme weather, from floods to wildfires, is increasingly hammering ports, highways, and factories worldwide, and experts warn these climate-induced disruptions will only get worse. Continue reading
Mar 02 Watch 6:37 How high could gas prices go as sanctions ratchet up on Russia? By William Brangham, Karina Cuevas, Courtney Norris As nations increase economic pressure on Russia, President Biden has warned that some of those moves could also end up hurting U.S. consumers, especially at the gas pump. Gas prices are already high, further pinching consumers who are also dealing… Continue watching
Feb 27 In Russia, economic consequences of invasion begin to emerge By Associated Press Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs, while the Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs. Continue reading