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IMF warns of weak economic outlook: Top economy news
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: IMF says medium-term growth outlook weakest in 30 years; US inflation slows to lowest level in nearly two years; Wages in Japan not keeping up with rising prices. 1. IMF warns medium-term growth outlook weakest in 30 years The global economy is heading for its weakest medium-term growth in more than 30 years as the world grapples with geopolitical fragmentation, slower labour force growth and weaker prospects for previously fast-growing economies such as China, the International Monetary Fund (IMF) warns in its latest World Economic Outlook. It expects global growth to be…
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FAA Warns of Air Traffic Controller Shortage Ahead of Summer Travel Season
by Laurie Baratti on April 2, 2023 Final up-to-date: 5:20 PM ET, Sunlight April 2, 2023 In an energy to prevent a repeat of past summer’s tumultuous air vacation scene, The Federal Aviation Administration (FAA) is warning the sector of staffing shortages at a important facility and requesting that airways make some operational changes. Past 7 days, the FAA held a conference with aviation market leaders to confer about the very best techniques of controlling the New York area’s by now congested airspace. Precisely, the agency requested that airlines work less flightswhile employing larger planes in order to enable simplicity airspace and airport targeted traffic in the course of the…
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Disney begins process of cutting 7,000 jobs as CEO Bob Iger warns ‘challenges ahead’
Disney (DIS) CEO Bob Iger declared the start out of the firm’s mass layoffs on Monday immediately after the company very last thirty day period outlined designs to lower 7,000 workers this year in an exertion to slash $5.5 billion in expenses. “This 7 days, we get started notifying staff members whose positions are impacted by the company’s workforce reductions,” Iger wrote in an inside memo attained by Yahoo Finance. “Leaders will be communicating the information straight to the to start with group of impacted staff members in excess of the upcoming four times. A next, bigger round of notifications will take place in April with many thousand a lot…
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Rules for winding up big banks do not work, Swiss finance minister warns
The worldwide regulatory regime for “too massive to fail” banks set up following the 2008 crisis does not do the job, according to Switzerland’s finance minister. In an job interview with Swiss newspaper NZZ on Saturday, Karin Keller-Sutter — who was at the centre of Swiss authorities’ rush to rescue Credit score Suisse final weekend — stated adhering to the unexpected emergency protocols that are at the centre of the regulatory architecture for massive banking companies “would have induced an intercontinental economical crisis”. Capital buffers and additional regulatory regulations on possibility have been practical for navigating moments of tension, Keller-Sutter reported, but in a serious crisis, ideas to facilitate the…
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Russia-Ukraine war live: war crimes dominate agenda at UN in Geneva; US warns China against arming Russia | Ukraine
Key events Show key events only Please turn on JavaScript to use this feature Summary of the day so far … Air raid alerts sounded across Ukraine’s Kyiv region late on Sunday night as Kyiv’s regional military administration confirmed the country’s air defences were at work. The nearby northern city of Chernihiv also reported shooting down Iranian-made Shahed drones, according to its regional governor, Vyacheslav Chaus. Ukraine’s ministry of defence claimed in total to have shot down 11 of 14 drones deployed, including nine over Kyiv. Two emergency service workers were killed and three other people injured during a drone attack on Khmelnytskyi, according to city’s mayor. Belarus’s exiled opposition…
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Russia-Ukraine war live: UK warns conflict could last another year; Russian general ‘under intense pressure in Donetsk’ | Russia
Russian general probably under intense pressure to take Vuhledar, says UK The town of Vuhledar, in southern Donetsk oblast, has experienced heavy shelling again, according to the MoD’s latest defence intelligence update. “There is a realistic possibility that Russia is preparing for another offensive effort in this area despite costly failed attacks in early February and late 2022,” the update on Thursday morning said. Colonel General Rustam Muradov, commander of Russia’s Eastern Group of forces, is likely to be under intense pressure to improve results in Vuhledar after harsh criticism from the Russian nationalist community, according to the MoD. “However, it is unlikely that Muradov has a striking force capable…
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