The World Bank warns the global economy will come "perilously close" to a recession this year, led by weaker growth in the world's top economies — the United States, Europe and China. The World Bank lends money to poorer countries for development projects. The bank said Tuesday it had slashed its forecast for global growth this year by nearly half, to just 1.7%, from its previous projection of 3%. Though the U.S. might avoid a recession this year, the World Bank predicts global weakness will pose another headwind for America's businesses and consumers, on top of high prices and more expensive borrowing rates.

NUSA DUA, Indonesia (AP) — Leaders of most of the world's economic powers are nearing approval of a declaration strongly denouncing Russia's i…

LONDON (AP) — Cyberthreats and the growing space race are emerging risks to the global economy, adding to existing challenges posed by climate…