The Latest Breaking News from the World Bank

From the ashes of World War II, three institutions were created as linchpins of a new global order

A summit in Paris this month offers a way to tackle this disastrous failure, but only if western leaders bother to turn up, says the Guardian’s economics editor, Larry Elliott

Five people are dead and about 600 square kilometres of the Kherson region in southern Ukraine is under water.

Nine people were injured Thursday in Russian shelling in the Kherson region as it deals with massive flooding from the destruction of the Kakhovka dam, according to Ukrainian officials. The attacks came shortly after Ukrainian President Volodymyr Zelensky visited Kherson. Moscow meanwhile accused Ukraine of killing two people at an…

America's top markets regulator sues Coinbase for operating as an unregistered securities broker a day after filing similar charges against Binance. Chinese exports drop sharply, and the World Bank warns that slow global growth and high interest rates are creating a debt crisis in developing economies.

July WTI crude oil (CLN23 ) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23 ) is up +3.75 (+1.49%). July Nymex natural gas (NGN23 ) is up +0.024 (+1.07%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic

Combined impact of Covid crisis, Ukraine war and tough measures by central banks taking heavy toll

New research finds China has surrendered its position as the largest single provider of development finance in South-East Asia in the wake of the COVID-19 pandemic.