Category: Global economy

Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at...

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UK to halve tariff-free steel imports to counter glut of cheap Chinese metal

Duty on imports outside new quota will double in move echoing similar changes in EU limitsBusiness live – latest updatesThe UK government will halve the amount of tariff-free steel imports allowed in an attempt to counter a...

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Starmer vows new sanctions on Russia and nuclear energy support for Ukraine

G7 told ‘we will stand with Ukraine for as long as it takes’, with Russia’s finance networks and shadow fleet targetedKeir Starmer has vowed to “choke off” Russian revenue with further sanctions and to provide hundreds of...

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Hope is contagious and science is king: 10 big lessons on ending the fossil fuel era

At world-first Santa Marta climate meeting, delegates say it was ‘euphoric’ to finally be focusing on concrete solutionsAfter a landmark climate meeting in Santa Marta, Colombia, where nearly 60 countries gathered to work out...

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UK urged to deploy EU-style ‘trade bazooka’ against Trump’s tariffs

‘Inadequate economic security’ is putting growth and jobs at risk, says British Chambers of Commerce UK business leaders have called on the government to build an EU-style “trade bazooka” to protect Britain’s economic interests...

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UK firms to face tougher checks on export licences to bolster sanctions on Russia

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effortBritish firms will face “much tougher” controls to prevent their goods from reaching Russia via other...

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Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran warCuts to overseas aid by countries including the US and the UK risk stoking global economic...

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‘Food security timebomb’: a visual guide to the Gulf fertiliser blockade

UN says record numbers of people could face acute hunger if conflict continuesThe world has become well versed in the importance of the strait of Hormuz to the world’s energy flows, but attention is increasingly turning to its...

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‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from...

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‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall?

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behindRead more of our Coffee crisis series hereOn a steep hillside in western El Salvador, Oscar Leiva watches...

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UK ‘working with US’ to analyse impact of supreme court’s ruling against tariffs

Government ‘expects privileged trading position’ to go on as EU ‘seeks clarity’ over Trump administration’s next stepsBritain and the EU said they were assessing the implications of the US supreme court ruling against Donald...

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