- BBC
UK forecast for slowest growth of richest nations next year
The UK economy will remain “sluggish” due to the impact of interest rate rises, the OECD says.
- Associated Press
Georgia parliament cancels session after building damaged during huge protests
The parliament of Georgia cancelled its Thursday plenary session following massive protests against a proposed law that critics fear will stifle media freedom and endanger the country’s bid for membership in the European Union. The parliament’s announcement said the cancellation was connected to damage the building suffered during Wednesday protests in which police used water cannon, tear gas and pepper spray against the tens of thousands of demonstrators. The third and final reading was expected in mid-May and it was not clear if the cancellation of Thursday’s session would affect the bill’s progress.
- AFP
Yen slips after rallying on suspected intervention, stocks mixed
The yen edged back Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.Soon after the announcement, the yen soared around three percent to 153.04 per dollar, raising suspicion that Japanese officials had stepped into forex markets.
