IMF to ‘substantially’ cut global growth outlook — Bloomberg
The International Monetary Fund is expected to reduce its global economic growth outlook “substantially” in its next update
Italian budget airlines staff go on strike
A strike by discount airline staff has resulted in the cancellation of hundreds of flights, affecting up to 68,000 passengers
Rebranded McDonald’s faces key ingredient shortage
Vkusno i Tochka, Russia’s rebranded McDonald’s, has removed fries from its menu due to a worsening sanctions-related potato shortage
Russian fuel is flooding the Middle East – Bloomberg
Imports of Russian oil products to the Middle East hit a six-year high last month, while EU imports dropped 30%, Bloomberg reports
Recession risk warning issued for top Western economies
The US and German economies are moving towards a recession, Deutsche Bank warns