A meeting of the new economic working group comes as the U.S. and China are trying to prevent any escalation of hostilities.
Author: ALAN RAPPEPORT
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies
President Biden signed an executive order granting the Treasury Department broader powers to curb the flow of weapons components.
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
Janet Yellen, U.S. Treasury Secretary, Will Meet With Chinese Counterpart
The high-level meetings in San Francisco will lay the groundwork for talks between President Biden and China’s top leader, Xi Jinping.
U.S. Looks to Allay European Fears of a Subsidy War
Wally Adeyemo, the deputy Treasury secretary, argued in a speech in Germany that the Biden administration’s climate law is not protectionist.
Middle East War Could Cause Oil Price Shock, World Bank Warns
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.
U.S. Imposes New Sanctions to Cut Off Hamas Funding
The Biden administration also targeted the group’s Iranian supporters.