Germany's Bundesbank has predicted annual inflation of 7.1% as prices spiral upward. The central bank also cut its economic growth forecast, warning that the situation could get worse depending on the war in Ukraine.

Before publishing its newest economic forecast Thursday, the Eurogroup is addressing issues driving policy. Coronavirus, supply chains and Russia's war on Ukraine are just some of the headaches they are dealing with.

The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be "teetering on the edge of global recession."

Europe's second-largest river is continuing to dry up, affecting freight barges and even forcing one passenger ferry to halt its operations entirely. But rain is forecast this week.

Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.

It is unlikely the world can meet the goal of ending extreme poverty by 2030, a World Bank report found. Experts have said COVID-19 ended years of progress while war and higher prices are now making things worse.

The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach.

The World Bank says a sharp, long-lasting slowdown is expected to hit developing countries hard this year as the global economy weakens. The bank said this in its latest 'global economics prospects' report, released on Tuesday.

Purported images of Polish state television have circulated on Twitter showing a national map of Poland’s borders, but overpowering much of Ukraine's territory. The channel itself and the country's secretary of state have slammed this as the "Russian propaganda machine" trying to destroy Ukraine's positive relationship with Warsaw. We take a closer look in this edition of Truth or Fake, with Vedika Bahl.

The International Monetary Fund has raised its forecasts for the global economy for 2023, stating that growth has been “surprisingly resilient". However, it also said the UK is likely to be the only leading economy to head into recession in 2023.

World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.