Tag: economic

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Nato head warns over risks of close economic ties with Russia and China

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The head of Nato has issued a blunt warning of the security risks of close economic ties with Russia and China as he told business leaders in Davos thatvalues should matter more than profits. Jens Stoltenberg, the sec...

Shanghai to end Covid lockdown and return to normal life in June amid economic slowdown

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Shanghai has set out plans for the return of more normal life from 1 June and the end of a painful Covid-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity...

South Korea’s new president offers North economic plan in return for denuclearisation

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South Korea’s new president, Yoon Suk-yeol, has offered North Korea “an audacious plan” to transform its creaking economy in return for abandoning its nuclear weapons programme. Speaking on the first day of his presid...

Sri Lanka president declares public emergency after protests against economic crisis

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Sri Lankan president Gotabaya Rajapaksa has declared a nationwide public emergency, following violent protests over the country’s worst economic crisis in decades. Rajapaksa said in a government gazette notification l...

UK economic recovery at risk from rising inflation and waning business confidence

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Britain’s recovery from the Covid-19 pandemic is being put at risk by the escalating price pressures and blow to business confidence caused by Russia’s invasion of Ukraine, the latest snapshot of the economy has shown...

China has already decided to send economic aid to Russia in Ukraine conflict, US officials fear

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China has already decided to provide Russia with economic and financial support during its war on Ukraine and is contemplating sending military supplies such as armed drones, US officials fear. The US national securit...

Incessant crises show old economic model is running on empty

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First it was a financial crisis. Then a decade of slow growth that bred political anger. After that came a pandemic. Just as the threat of Covid-19 appeared to be receding along came a European war. Welcome to the era...

Bye-bye to the Big Mac: Russia’s war heralds a dark, isolated economic era

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The big western brands showed Vladimir Putin how to do it. While the Kremlin’s army was getting bogged down in Ukraine, Coca-Cola and Starbucks lost no time in closing their doors to Russian customers. But the most e...

The oligarch’s guide to getting round the UK’s economic crime bill

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The economic crime bill being debated today in the House of Lords does not, as the home secretary, Priti Patel, insisted, show Britain’s determination to root out Vladimir Putin’s “mob of oligarchs and kleptocrats”. O...

All-out economic warfare is the best way to stop Putin

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“Putin must fail.” These are the words of the British prime minister, Boris Johnson. The way to do this is via all-out economic warfare, not the weak sanctions and half-measures that have been put in place so far. All...

What is the economic crime bill and how effective will it be?

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The economic crime bill, or to give its formal title, the economic crime (transparency and enforcement) bill, is scheduled be rushed through the Commons on Monday. Here’s what it is and what it is meant to do. In broa...

China sets lowest economic growth target in decades at annual meeting

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China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and uncertainty over the war in Ukraine...

The Guardian view on economic war with Russia: target oligarchs not ordinary people

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On Thursday evening, Boris Johnson tweeted new sanctions on “Kremlin associates … to inflict maximum economic pain on Putin and his war machine”. The prime minister claimed to MPs he is leading the west in punishing t...

UK’s economic growth to halve this year says British Chambers of Commerce

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Britain’s economic growth will halve this year as a result of soaring inflation, hefty tax rises and the destabilising shock from the war in Ukraine, a leading business lobby group has warned. In the first major forec...

Why a swift economic victory against Russia looks unlikely

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Be ready for a long haul. That was the subtext of Boris Johnson’s message to MPs as he committed to toughening up sanctions against Russia. The warning to prepare for a “protracted struggle” was both timely and approp...

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