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The Latest Breaking News from Economy

Australia's growth outlook still subdued: OECD

The OECD has slightly downgraded its forecasts for Australia's growth in its latest look at how the global economy is faring.

AAP

GOP leaders’ threat of US intervention has Mexican president whipping up frenzy

MEXICO CITY – Mexico’s economy is facing economic and political challenges with a weakening U.S. dollar and drop in demand for goods. Protesters recently filled the streets here, repudiating what they called the leader’s push to dismantle a pillar of democracy. And insecurity cuts deeper into the fabric of society,…

Tribune News Service

Northern Ireland economy emerges from recession as services sectors blooms

Late 2022 recovery bodes well for headline economic indicator as commentators await outcome of Windsor Framework deliberations

Birmingham Post

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Boeing and Airbus intensify search for skilled talent in India

Boeing Co. and Airbus SE are increasingly looking to India for highly-skilled, low-cost engineers to meet a boom in demand for aircraft and expand their manufacturing presence in the world’s fifth-largest economy.

Tribune News Service

UK economy will deliver worst performance of any advanced country this year

Britain’s GDP is forecast to fall by less than previously expected, but is still behind all other major economies

Evening Standard

Welsh Government should fight for new investment zones

Welsh Ministers should fight hard to ensure that two of the four zones announced in the Budget come to Wales

Birmingham Post

Central banks must keep interest rates high to combat inflation, says OECD

Organisation also says UK will be only G20 economy apart from Russia to shrink this year

The Guardian - UK

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Saudi Banks Safe from Troubled US Banks

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity. Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that…

Asharq Al-Awsat

Public more concerned than reassured after Budget, poll suggests

Individual policies have proved popular, but the Budget has made little difference to overall views of the Government’s handling of the economy.

The Independent UK

BoT: External stability strong, economy recovering

Thailand's external stability is sound with low foreign debt and high international reserves, while the economy is recovering steadily on increased tourism and domestic spending, the Bank of Thailand (BoT) said.

Bangkok Post

Westpac urges RBA interest rates pause as major banks hike rates

The Reserve Bank is tipped to pause its record-breaking run of interest rate hikes in April as the economy slows faster than expected.

The New Daily

Plans to scrap BBC Singers sends ‘incredibly bleak message’ – letter

Senior members of the UK choral industry say the decision was ‘a huge false economy’.

The Independent UK

Treasurer flags more work needed to boost productivity

A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.

The New Daily

Hard work ahead to boost nation's productivity

Climate policy, the migration system, workplace laws and health and education systems have been earmarked for reform under a review of Australia's productivity.

AAP

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Axios

How banking turmoil is changing the economic outlook

A handful of large, troubled U.S. regional banks may well accomplish what the mighty Federal Reserve couldn't on its own.

AnandTech

Inflation Drives Up Fab Costs for Intel and Samsung by Billions of Dollars

To address future demand for semiconductors amid severe chip shortages of 2020 – 2022, all leading chipmakers announced plans to build new fabs and even disclosed their estimated costs. But spiraled inflation, caused by the disruption of supply chains by the pandemic and then by the Russian war against Ukraine,…

The Conversation

Jeremy Hunt's budget is more about short-term politics than the economy

Jeremy Hunt’s first budget day as chancellor was in many ways more about politics than economics.

Evening Standard

Government scraps plan to end free prescriptions for 60-65 year olds - reports

The plan was met with a backlash from charities that branded it a ‘thoughtless’ false economy

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The Independent UK

Just one in three Britons think Budget will be good for economy, snap poll shows

Almost half of Brits are unsure about the Chancellor's Spring Budget measures

Evening Standard

Silicon Valley Bank: what really happened and what it means for London

Silicon Valley Bank almost collapsed this week until leading figures in the US and UK stepped in — but what is the bank and why did it create such panic? Rohan Silva reports

Birmingham Post

Chesterfield plans to cash in as a gateway to the Peak District and grow its visitor economy by £32m a year

Town offers public transport links and access to attractions such as Chatsworth House, Ladybower Reservoir and Bakewell

IT Pro

Why has the UK government banned TikTok?

The UK government has officially banned the TikTok app from devices across government due to national security concerns. Oliver Dowden, chancellor of the Duchy of Lancaster, confirmed the decision during an address in House of Commons on Thursday. Dowden's speech followed days of speculation that the UK would follow the…

Evening Standard

Hunt gets back on the boring track — but where’s the vision?

City Voices: More radical thinking needed to get Britain growing

The Independent UK

Applications for jobless aid in U.S. fall last week

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation

The National (Scotland)

Lee Anderson mocked for bizarre 'bullseye' budget video

“BULLSEYE” might be the last word that springs to mind when it comes to how the Tories have handled the economy.

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