Slows

• The UK labour market is cooling, with youth unemployment dropping to 16.2%, though it remains high, potentially reducing the need for further Bank of England interest rate hikes. • Grocery inflation has slowed to a two-year low, while Brent crude oil prices have climbed above $91 a barrel following the end of the US-Iran ceasefire. • Government officials are considering unprecedented interventions in the gas market, including financial support for storage and pipeline operators to ensure long-term infrastructure maintenance.

GDP expanded by 0.4% in three months to June, down from 0.6% in the first quarter, says ONSEconomic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show.The Office for National Statistics (ONS) said GDP expanded by 0.4% in the three months to June, down from 0.6% in the first quarter, in line with City economists’ expectations. Continue reading...

• Philippine annual inflation slowed to 6.2% in July, though it remains significantly above the central bank's 3% target for 2026. • To combat rising prices, the Bangko Sentral ng Pilipinas (BSP) has already increased its key interest rate by 50 basis points in 2026. • The economic situation is critical as the Philippines faces some of the fastest inflation and slowest growth in Southeast Asia, with Q1 2026 growth sliding to 2.8%.

• Major stock indexes surged on Thursday, recovering from a previous day's plunge that followed the Federal Reserve's decision to maintain current interest rates. • Market volatility was highlighted by divergent movements in Microsoft and Meta Platforms shares as investors focused on the "Magnificent Seven" mega-cap tech firms. • The rally coincides with new economic data showing a slowdown in GDP growth and PCE inflation figures that aligned with analyst estimates.

• The ruling Democratic Party of Korea has indicated it may slow the pace of its controversial prosecutorial reform plan following mounting criticism. • Concerns have been raised that the proposed revisions, including changes to the Criminal Procedure Act, could weaken legal protections for victims seeking justice. • A subcommittee of the Legislation and Judiciary Committee met at the National Assembly on Wednesday to review the bills, though People Power Party lawmakers boycotted the session.

• Singapore's economy grew by 5.7% in the second quarter of 2026, marking a slowdown compared to the growth seen in Q1. • The deceleration was primarily driven by eased expansion within the construction and trade sectors. • Despite the overall slowdown, the economy continues to be supported by strength in AI-related manufacturing.

• Singapore's economy grew by 5.7% year-on-year in Q2 2026 (April to June), marking a slowdown from the 6.3% growth recorded during the same period last year. • The deceleration occurred despite a reported jump in the manufacturing sector, indicating a shift in the broader economic momentum. • This growth trend coincides with other regional developments, including new Memorandums of Understanding aimed at a 3.4GW electricity trade goal between Singapore and Indonesia.

• A Confluent report reveals that 78% of Singapore IT leaders are unable to scale AI due to a lack of real-time data infrastructure, despite 75% already piloting agentic AI solutions. • Significant technical hurdles persist, with 95% of leaders struggling with data quality and legacy system integration, while 93% cite concerns over Large Language Model (LLM) reliability. • These challenges have led 73% of agentic AI projects to stall, with 50% of those initiatives being completely abandoned, mirroring trends across the Asia Pacific region.

Growth in charge points falls markedly despite surge in number of rapid-charging unitsBusiness live – latest updatesThe UK’s rollout of electric vehicle chargers has slowed amid challenging cost pressures and uncertainty over government sales targets.Charger companies installed 5,100 public charge points in the first half of 2026, pushing the total to 121,171, according to Zapmap, a data company. That was a 10% increase on the same point a year before – well below growth rates above 40% in 2024. Continue reading...

• US hiring experienced a sharp slowdown in June, following a three-month streak of stronger-than-expected employment data. • The cooling labor market has led investors to reduce their expectations for further Federal Reserve interest-rate hikes this year. • Simultaneously, the Eurozone is seeing a cooling of its Consumer Price Index (CPI), indicating a broader trend of easing inflation across major economies.

• PwC reports that health services M&A activity remains active in 2026, with overall deal value increasing compared to the first half of 2025. • Despite higher values, deal volume is slowing as buyers become more selective due to reimbursement pressures and policy uncertainty. • Financial risks are rising for providers as Medicaid cuts from the “Big Beautiful Bill” and higher ACA exchange costs are expected to increase the number of uninsured patients.

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has left its official interest rate on hold at 4.35%, after economic activity slowed and unemployment hit a four-year high.The widely expected decision on Tuesday will bring little relief to mortgage holders, already strained by the RBA’s three consecutive rate hikes earlier in 2026. Continue reading...

• The Philippines recorded a Q1 2026 GDP growth of 2.8%, the weakest since the pandemic and dragging the economy into a prolonged slowdown. • This marks one of the weakest runs in 16 years, signaling challenges in post-recovery momentum. • Factors include subdued domestic demand and external headwinds affecting Southeast Asia.

Profits ahead of expectations but almost half of £283m impairment charge follows forecast reassessmentBusiness live – latest updatesNatWest said the economic fallout from the conflict in the Middle East could cost it £140m amid slowing growth and rising inflation even as it reported profits ahead of expectations.Overall, the FTSE 100 lender booked a £283m impairment charge and said that almost half of that was because of a reassessment of its economic forecast to “reflect increased geopolitical risk and weaker equity markets”. Continue reading...

Advertised prices for new rental listings rising at fastest pace since October 2024. Follow updates Get our breaking news email, free app or daily news podcastAustralia’s housing market is at its slowest for almost 18 months as buyers stick to cheaper properties and abandon interest in the top end of the market.Figures today from the data firm Cotality show Melbourne and Sydney house prices fell 0.6% in April. Melbourne’s home values have now fallen 1.9% since November, with Sydney’s down 1%. Continue reading...

First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading...

• Florida reported 143 measles cases as of March 21, 2026, with 73% concentrated in Collier County, marking a decline from 139 cases the previous week. • The state has dropped to the fourth-highest number of measles cases nationally as the spread slows, indicating a shift in outbreak trajectory. • The majority of cases remain geographically concentrated, with nearly three-quarters of infections occurring in a single county, suggesting localized transmission patterns.

ONS data for three months to January is unlikely to convince Bank of England to cut interest ratesBusiness live – latest updatesWage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.Average earnings fell to 3.8% in the three months to January, from 4.2%, which was a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years. Continue reading...

The Centers for Disease Control and Prevention reported 1,362 confirmed measles cases nationwide in 2026, with 94% linked to ongoing outbreaks. South Carolina's outbreak, which began in October 2025, has decelerated to approximately 10 cases per week after peaking at 200 weekly cases in mid-January, bringing the state total to 996 cases as of March 13. Utah's outbreak, originating in June 2025, has accelerated to 405 cases as of March 10, representing a 47-case increase in one week. Both states currently host the largest active measles outbreaks in the United States.

A major measles outbreak in South Carolina is showing signs of slowing, with cases nearing 1,000 total and new infections dropping to about 10 per week from a peak of 200 weekly in mid-January. State health officials report a consistent downward trend over several weeks amid vaccination efforts. The decline matters as it reduces strain on public health resources in a state hit hardest by the outbreak. Monitoring continues to prevent resurgence through summer.