AGP Executive Report
Last update: 10 hours agoGlobal Growth Watch: The World Bank cut its 2026 growth forecast to 2.5%, blaming the Middle East conflict for higher energy prices, renewed inflation pressure, and weaker prospects worldwide. UK Economy: The UK contracted 0.1% in April as Iran-war disruptions hit services, with arts and entertainment among the weak spots. Labor Rules for Platforms: The ILO adopted a new global standard for gig workers, setting protections for platform workers like Uber and Bolt drivers. AI Regulation Shock: Anthropic disabled access to its Claude Fable 5 and Claude Mythos 5 after a US export-control directive. India Inflation & Policy: India’s retail inflation eased to 3.93% in May, giving economists room to expect policy restraint while monitoring food and fuel risks. Pakistan External Accounts: Pakistan set a $42.4bn remittance target for FY27 as it expects a wider current account deficit. Corporate & Power Moves (India): NLC India started commercial operations for Unit-3 at Ghatampur (660 MW), while JSW Energy agreed to buy Maruti Clean Coal & Power for about ₹1,410 crore. Tech & Markets: Meta said it won’t expect more layoffs this year after AI workforce “mistakes,” and US stocks rose as oil prices eased and SpaceX debuted on Wall Street.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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