World economy

‘The first bank crisis of the Twitter generation’: The pressure on banks is very different from 2008

LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of…

Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal

Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS…

Sanctions on Russian oil are having the ‘intended effect,’ IEA says

Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent…

OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger

OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…

How China’s shifting growth picture could hit global markets

China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…