The World Bank president, Ajay Banga, has worked to make the development institution a magnet for private capital as donor nations face budget constraints.

The president blasted the rest of the Fed — and kept up his demand for a cut — but spared Fed Chairman Kevin M. Warsh from the criticism.

The one-off £63 reduction in electricity bills will be applied from next month.

There is no certainty that the idea will ever get off the ground, let alone become a blueprint for other countries, writes the BBC's Katya Adler.

At an event in Washington, partisanship took a back seat as elected officials, religious leaders, parents and artists called for reining in artificial intelligence.

Unite union, which represents 36,000 Barclays staff, calls for a one-off payment to offset increased travel and childcare costs.

Rates are held for the sixth time in a row but the Bank of England says high energy prices make a future rise more likely.

This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.

The Federal Reserve’s first increase to interest rates since July 2023 comes less than two months before the midterm elections.

Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.