Iranian pedestrians wearing protective masks due to the Covid-19 pandemic, walk along a street in the capital Tehran. We have been living through what the Bank for International Settlements in its latest annual report, calls a “global sudden stop”. Photograph: AFP

The IMF’s World Economic Outlook Update for June is not a cheerful document. Yet it does contain a cheerful point: the second quarter of 2020 should b(...)

Photograph: iStock

European Central Bank policy makers meeting in Frankfurt this week will discuss the prospect of launching their own digital currency, according to eur(...)

Mark Carney, governor of the Bank of England. Photograph: Christophe Morin/Bloomberg

Ireland has been approached at the International Monetary Fund (IMF) to throw its support behind Mark Carney as the next head of the fund, as negotiat(...)

Mark Carney: he has run the Bank of England since 2013, and is scheduled to leave at the end of January.  Photograph: Simon Dawson/Bloomberg

European governments are actively discussing nominating Bank of England governor Mark Carney as the next head of the International Monetary Fund, acco(...)

“Bitcoin accepted” sign in the window of a cafe in Zurich. Photograph: iStock

One of the top bankers in the euro zone has described bitcoin as “the evil spawn of the financial crisis”. European Central Bank executive board membe(...)

The Mexican peso had its biggest intraday fall against the dollar in 19 years. The peso’s Trump-inspired tumble could push the country’s central bank to raise interest rates.  Photograph: Edgard Garrido/Reuters

Mexico’s peso plunged to its lowest-ever levels as Republican Donald Trump won a surprise election victory in the US. Concerns of a Trump victory hav(...)

Christine Lagarde demonstrated leadership during the global financial crisis, Minister for Finance Michael Noonan said. Photograph: Fabrice Coffrini/Getty

Christine Lagarde has picked up support from European countries including Ireland and a one-time rival for a second term as leader of the Internationa(...)