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ECONOMY

Wipes

UK announces ban on wet wipes

Almost all wet wipes will be banned in England as part of the Government's new plans for tackling water pollution.
Employee works at a carbon fibre production line inside a factory in Lianyungang

Global factory activity weakens as demand falters

Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes.
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People shop for groceries in south east London

UK inflation surprise pressures BoE to raise rates again

British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.
Traders globally have breathed a sigh of relief at steps to support struggling banks

Stock markets recover further on easing bank fears

Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.
Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London

Hunt, hemmed in by debt, set to focus on growth in UK budget

British finance minister Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation have left it lagging behind its peers.
Worries over the banking sector come as traders nervously await the release of key US jobs data

Stocks slump as bank shares face rout

Global stock markets sank Friday as banking shares faced a rout over contagion fears, while US jobs data was seen all but ensuring further aggressive interest rate hikes.
Workers travel through London Bridge rail and underground station during the morning rush hour in London

British labour market, and pay growth, slow in February - REC

Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.