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The Latest Breaking News from International Monetary Fund

Zombie Britain sees zero growth – and that’s the good news

Some surveys predict recession, but with pay and confidence rising, they may be wrong. That’s the best we, and the PM, can hope for

The Guardian - UK

EU to start releasing money to Tunisia under migration pact

The European Union is set to ‘swiftly’ disburse 127 million euros as part of a July deal to halt irregular migration.

Al Jazeera

Ghana arrests demonstrators protesting against the country's economic crisis

Police in Ghana have arrested protesters demonstrating against the cost of living and the economic crisis gripping the country, once seen as a model economy in Africa.

WEKU

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COP 28 president: 'It’s time to transform climate finance–and bridge its $2.4 trillion gap'

Is the world capable of mobilizing the trillions of dollars necessary to fund the climate transition?

Fortune

Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

The Conversation

IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

The International Monetary Fund has warned that Lebanon is still facing enormous economic challenges, four years after the country's historic meltdown began

The Independent UK

Quash report by Editors’ Guild: Meitei body to Manipur High Court

The report was published by the EGI on September 2 after it sent a team to look into a complaint from the Indian Army about misinformation being spread in the State.

The Hindu

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As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

India could wait a while longer before firming up its domestic regulations for crypto currencies, and initiate a dialogue with stakeholders on the way forward

The Hindu

Does Banning Crypto Solve Anything?

The rapid evolution of the crypto-asset landscape has brought forth a plethora of opportunities and inevitable risks.

Zenger

‘How will I pay?’: Steep power bills, rising inflation hit Pakistan’s poor

Millions of Pakistanis say they have been forced to ration use of fans and other essential electrical items due to hike.

Al Jazeera

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Hindu

Determination, hope and longing in the Tunisians fighting for a better life

‘I met this guy, with a baby. I asked: ‘Why are you here with a baby?’ He said: ‘Either we die here, or in Tunisia.’

Al Jazeera

Biden is off to India and Vietnam. It's part of his push to counter China's influence

President Biden is using the G20 summit to push for a bigger, better World Bank as an alternative to China's massive lending programs, which have left some low-income countries with massive debt.

WEKU

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

The Independent UK

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Evening Standard

Poor ONS forecasts could be hurting our economy

City Voices: Investment decisions have already been made based on the incorrect economic analysis

Newsroom.co.nz

IMF report a timely wake-up call for NZ Inc in election countdown

Business & Investing: Restaurant Brands leads earnings downturn, reporting a problem faced by many businesses: margins being severely squeezed due to cost increases. Andrew Patterson reports.

The Independent UK

Pakistani traders strike countrywide against high inflation and utility bills

Pakistani traders have staged strikes across the country against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar

Al Jazeera

Pakistan gov’t says no relief in power bills as protests escalate

‘No room for subsidies’ as Pakistanis suffer inflated electricity bills, rising inflation.

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The Hindu

IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

IMF MD Kristalina Georgieva to visit China, Indonesia, India for ASEAN & G20 summits. She'll meet with top leaders & discuss global growth outlook. She will be in Jakarta from September 4 to 7 and in New Delhi from September 8 to 10

Salon

US milks Korea's anti-capitalist content

Instead of heeding Korea's dire messaging, Hollywood may have to face the bitter fruits of another labor movement

The Guardian - UK

In a multipolar world the dollar’s dominance won’t last forever

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

Al Jazeera

Analysis: Tunisia isolated, but migration realpolitik keeps Europe onside

US and EU concerned with state of Tunisia’s democracy but will ultimately retain ties, analysts say.

The Conversation

Brics expansion: six more nations are set to join – what they’re buying into

One key outcome of the 15th Brics summit, hosted by South Africa, is the decision to invite six more countries to join the group with effect from January 2024. They are Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates. All six had applied for membership. The enlargement…

The Guardian - UK

Fossil fuels being subsidised at rate of $13m a minute, says IMF

Oil, gas and coal benefited from $7tn in support in 2022 despite being primary cause of climate crisis

France 24

How the BRICS nations failed to rebuild the global financial order

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…

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