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Singapore PM Wong rejects weaker currency as shortcut to competitiveness
Source: CNBC
Original reporting
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CNBC
SK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street chip sell-off
Asian technology stocks tumbled Tuesday as a sell-off in U.S. semiconductor shares spilled into regional markets.
CNBC
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
The IMF raised its 2026 global growth forecast to 3.1%, as AI investment helped offset the war’s energy shock.
BBC Business
UK growth upgraded but energy prices and rates to bite in 2027
The IMF report comes as final preparations are being made to the first Budget under Prime Minister Andy Burham.
The Guardian
IMF warns global economy ‘could soon test the limits of resilience’
World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026 Developing nations face triple shock, UN warns The global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. Continue reading...
BBC Business2 outlets
Bumble shares soar after report dating firm in $1bn takeover talks
The jump pushed Bumble's stock market valuation to more than $580m but that is still far below their peak of more than $14bn.
CNBC
'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoil
Singapore is a bastion of safety amid global turmoil, according to the CEO of DBS.