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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Will Boris Johnson have a deal to put to MPs on Saturday?

After a series of U-turns, there are signs a deal is possible. We look at the potential outcomesLatest Brexit news – live updatesBy Wednesday afternoon, it will be clear whether Boris Johnson will have a deal to put to parliament on its “super Saturday…

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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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Concerns as EU bank balks at plan to halt fossil fuel investments

Last-minute lobbying forces delay to ambitious move by European Investment BankThe European Investment Bank (EIB) has balked at a proposal to halt new investments in fossil fuels, raising concerns that Germany and other nations are plotting to water do…

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Concerns as EU bank balks at plan to halt fossil fuel investments

Last-minute lobbying forces delay to ambitious move by European Investment BankThe European Investment Bank (EIB) has balked at a proposal to halt new investments in fossil fuels, raising concerns that Germany and other nations are plotting to water do…

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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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