Weak Growth
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Siemens Cuts Digital Industries Outlook on China Weakness
Siemens cut fiscal 2024 guidance for its closely watched digital industries unit, citing a slower-than-expected recovery in its China automation operations, but raised its forecast for the smart infrastructure division.The Wall Street Journal - World - China -
Axing northern leg of HS2 will stunt UK growth, says official adviser
National Infrastructure Commission warns ‘window is closing’ for ministers to ensure alternative rail capacity is builtFinancial Times - Business - United Kingdom -
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.CNBC - Business - China -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -