Rolling coverage of the latest economic and financial news
NHS crisis caused by Tory underfunding not Covid, say doctors
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Senior doctors have drawn up a major dossier refuting Sajid Javid’s claim that the pressures on the NHS were created by the Covid pandemic, amid continued warnings over patient safety, scarce beds and staff morale. Th...
Ecuador at standstill after two weeks of protests over cost of living crisis
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Ecuador has been brought to a near standstill after two weeks of tumultuous protests over a spike in fuel and food prices as global inflation inflames discontent over widening inequality across Latin America. At least...
Energy treaty update fails to address climate crisis, activists say
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Climate activists have said a deal to update a “dangerous” energy treaty has failed to make the agreement compatible with the urgency of the climate crisis. After more than four years of talks, 52 countries and the EU...
Electricity used to mine bitcoin plummets as crypto crisis widens
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The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50% as the “crypto winter” continues to eat at the incomes of “miners” and financial contagion spreads further throughou...
UK consumer confidence hits record low, as people cut back on food shopping – business live
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Somalia: ‘The worst humanitarian crisis we’ve ever seen’
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Only a “massive” and immediate scaling-up of funds and humanitarian relief can save Somalia from famine, a UN spokesperson has warned, as aid workers report children starving to death “before our eyes” amid rapidly es...
Livestock farmers are not the enemy in climate crisis battle
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As a retired upland livestock farmer, I take issue with George Monbiot’s article (Only a tiny minority of rural Britons are farmers – so why do they hold such sway?, 20 June). The 115,000 people who work in agricultur...
Haiti: dozens of inmates starve to death as malnutrition crisis engulfs prisons
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At least eight inmates have starved to death at an overcrowded prison in Haiti that ran out of food two months ago, adding to dozens of similar deaths this year as the country’s institutions crumble. Hunger and oppres...