The United Nations could run out of money by the end of the month as it faces a near-unprecedented funding crisis, the secretary-general has warned. Almost a third of member states have not paid

Italy needs a precautionary rescue of up to $700bn from the US and the major powers to head off the danger of a global crisis, a bail-out veteran from the International Monetary Fund has warned.

Conte says divisions between southern states and Dutch-led northern opposition are a make-or-break issue