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The Latest Breaking News from International Monetary Fund

Was the Radical Left Correct About the IMF and World Bank?

Alex Gladstein on how "monetary colonialism" has crippled the Third World

Reason

In Today's Wild News, A Key Mission: Impossible Dead Reckoning Scene Was Filmed In Tom Cruise's Garage

The new Mission: Impossible movie was filmed all over the world, including at Tom Cruise's house.

Cinemablend

In previous downturns the world turned to China as an engine of growth – this time that driver may not be there

What might Chinese deflation mean for interest rates, commodity prices and even EV exports outside China?

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

No big spenders allowed in Labour's campaign

Labour isn’t planning any big political promises during this year’s campaign in hope that voters see it as the fiscally smart choice, writes political editor Jo Moir

Newsroom.co.nz

Raghuram Rajan: the banker who warned of meltdown in 2005

The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking

The Guardian - UK

Brazil's Lula voices support for more countries joining BRICS group

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

The Independent UK

Tom Cruise And Christopher McQuarrie Talk What Mission: Impossible’s Sequels Have In Common With Top Gun: Maverick

When it comes to the sequels of Mission: Impossible and Top Gun: Maverick, Tom Cruise and Christopher McQuarrie pointed out a fascinating similarity.

Cinemablend

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Now a wanted man, Lebanon’s central bank head steps down

Amid accusations of fraud, a tarnished end to a governorship that started in 1993 at the request of the PM.

Al Jazeera

Along with Japan and India, China can join debt relief effort for Sri Lanka: Nirmala Sitharaman

Ms. Sitharaman said that a comprehensive, better and quicker approach is required to address the problem within the common framework of the IMF and World Bank, as well as “outside” it.

The Hindu

Pakistan's finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years

Pakistan’s finance minister says Beijing has rolled over a $2.4 billion loan for his country for two years, a move aimed at helping Pakistan overcome a lingering economic crisis

The Independent UK

Resilient, but just: On the IMF’s economic outlook and lopsided growth

That there needs to be a concerted global debt resolution initiative to help highly indebted countries from sliding into debt distress cannot be ignored

The Hindu

Russia-Ukraine war at a glance: what we know on day 518 of the invasion

Russia increases conscription age limit; Putin to visit China in October

The Guardian - UK

IMF Forecasts Global Growth Slowdown To 3% Amid Decreasing Inflation

Advanced economies bear brunt of slowdown, where growth is likely to fall from 2.7% in 2022 to 1.5% this year and 1.4% next year.‌

Zenger

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day.

The Hindu

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Barchart

Stocks Close Higher on Big Tech Earnings Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.73%. Stocks on Tuesday moved higher, with the S&P 500...

The Independent UK

IMF global economic outlook sees slight growth, but inflation still a drag

The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon

The Independent UK

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

Al Jazeera

Will Egypt’s asset sale get it out of its economic hole?

Egypt is privatising – but is it enough to please the IMF and get more funding from the international financial body?

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news in one place.

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Barchart

Stock Gains Muted Ahead of Mega-Cap Tech Earnings and FOMC Results

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. Stocks this morning are moderately higher. Trading activity is...

The National (Scotland)

UK to be second worst economy in the G7, says IMF

The UK is expected to be the second slowest-growing economy in the G7 this year, the International Monetary Fund has said, despite a major upgrade…

The Times of India

IMF revises India’s GDP growth forecast to 6.1% for FY24

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slightly upgraded its global growth outlook for this year on Tuesday, attributing it to resilient economic activity in the first quarter. However, the IMF also cautioned about persistent challenges that could dampen the medium-term outlook.

Evening Standard

UK to be second worst economy in the G7 in 2023 despite upgrade, says IMF

The International Monetary Fund said it expects UK output to grow by 0.4% this year.

The Guardian - UK

UK interest rates need to stay higher for longer to beat inflation, says IMF

US Fed will also have to raise rates more aggressively than forecast, says Washington-based body

The Guardian - UK

Nigel Farage says NatWest management ‘should go’ after CEO Rose admits discussing his bank account with BBC – as it happened

Dame Alison Rose admitted to serious error in discussing Nigel Farage’s relationship with Coutts with a BBC journalist.

TV Tech

Tedial to Showcase smartPacks at IBC2023

Tedial’s smartPacks provides automation tools that accommodate the unique requirements of specific business use cases

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