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Global economy

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  • 'Sterling stamp duty' could help world's poor

    Nov 6 2007 A cross party group of MPs has urged the government to introduce a small tax on foreign exchange dealings as a way of raising money to combat poverty worldwide. By Ashley Seager.
  • Asian boom helps world economy to shrug off US housing market decline

    Jul 26 2007

    The International Monetary Fund last night said booms in China, India and Russia would allow the global economy to shrug off the impact of the crisis in the American housing market and post faster-than-expected growth this year.

  • Senators demand US impose protectionist sanctions against China's 'unfair' competition

    Jun 14 2007

    · Undervalued yuan seen as hurting world economy
    · Treasury issues tough warning but will not act

  • White House turns to veteran diplomat to head World Bank

    May 30 2007

    · Robert Zoellick nominated as Wolfowitz successor
    · Choice of respected figure an attempt to mend fences

  • Brown quashes rumours of Blair link to World Bank job

    May 21 2007

    Gordon Brown at the weekend quashed speculation that Tony Blair could take over as president of the World Bank when he leaves Downing Street next month.

  • White House promises to replace Wolfowitz quickly

    May 19 2007

    · Blair championed as new World Bank president
    · Anger over exoneration of leader forced to resign

  • Race is on to replace Wolfowitz

    May 18 2007

    Tony Blair may have emerged as a surprise contender to replace Paul Wolfowitz as president of the World Bank, but the former finance ministers of Afghanistan and Nigeria are both seen as more credible candidates. By Graeme Wearden.

  • White House stands by Wolfowitz despite his 'mistakes'

    May 16 2007

    The Bush administration circled its wagons around Paul Wolfowitz yesterday, saying the World Bank president did not deserve to be sacked for the improper pay rise to his partner, though officials did raise the possibility of a compromise.

  • Progress on trade imbalances

    Apr 16 2007

    The US, China, Japan, Saudi Arabia and the Eurozone agreed at the weekend to tackle distortions that are threatening the stability of the global economy.

  • Silver generation could put golden age of expansion at risk

    Apr 12 2007

    Protectionism and ageing populations pose the biggest long-term threats to a golden era of global economic growth that is on course to be the longest period of expansion since the late 1960s and early 1970s, the International Monetary Fund said yesterday.

  • Global growth can be sustained, says IMF

    Apr 11 2007

    The world economy is on course to enjoy the longest period of expansion since the late 1960s and early 1970s, the International Monetary Fund said today. By Larry Elliott in Washington.

  • World economy boosts UK plc

    Apr 3 2007

    Midday: The profitability of British companies hit a fresh record in the fourth quarter of last year as businesses enjoyed a boost to profits from a buoyant global economy and increasing pricing power. By Angela Balakrishnan.

  • Call for G8 private equity talks

    Mar 11 2007

    International unions will meet Organisation for Economic Co-operation and Development (OECD) officials this week to call for an international task force to investigate the effects of private equity on the global economy.

  • Global unemployment hits record high

    Jan 25 2007

    Billions of poor people across the world are being left behind as the global economy steams ahead, a leading international body said yesterday, as it urged governments to tackle the growing problem by creating decent jobs.

  • Threats to world economy are intensifying, says Davos report

    Jan 11 2007

    A series of intensifying global risks from climate change to tumbling house prices pose a mounting threat to the longest period of sustained growth in the world economy since the 1960s, according to a report released yesterday.

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