Global economy faces $19tn corporate debt timebomb, warns IMF

Update on markets lists eight leading countries, including US, China and UK, as vulnerableLow interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the…

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Bank of England boss says global finance is funding 4C temperature rise

Mark Carney says capital markets are financing projects likely to fuel a catastrophic rise in global heatingThe governor of the Bank of England has warned that the global financial system is backing carbon-producing projects that will raise the tempera…

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IMF warns there is ‘limited ammunition’ to fight recession

Fund cuts world growth forecast as central banks battle impact of protectionism•The Tories have got IMF cover for their plan to borrow and spendThe world’s central banks are wasting scarce ammunition in an attempt to compensate for policy blunders that…

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UK’s robust jobs market dented amid big fall in employment

Brexit uncertainty ‘finally taking toll’ as pay rises slow and unemployment increasesThe number of people in work fell by the largest margin in four years in August as the uncertainty created by the Brexit talks weakened Britain’s previously robust lab…

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