Manufacturing gloom: UK factory growth falls to 34-month low – live 0

All the day’s economic and financial news, as manufacturers across the globe suffer a poor February

Time for a very quick summary.

Britain’s factory sector has posted its slowest growth in almost three years. UK manufacturers have been hurt by the weakening global economy and signs of domestic slowdown, and economists fear further problems ahead.

The financial market turmoil of 2015 has knocked around £50bn off the value of the world’s 20 wealthiest people.

That’s according to the annual survey of the megarich from Forbes , which reports that Carlos Slim, the Mexican telecoms tycoon, had a year to forget. His fortune shrank from $77.1bn to $50bn last year.

Bill Gates has been crowned the richest man in the world for the third year in a row, although the Microsoft founder’s fortune also dipped from $79.2bn to $75bn.

Zuckerberg’s wealth grew by $11.2bn to give him a total net worth of $44.6bn.

Related: World’s 20 richest people are $70bn poorer, says Forbes

Continue reading…

All the day’s economic and financial news, as manufacturers across the globe suffer a poor February

Time for a very quick summary.

Britain’s factory sector has posted its slowest growth in almost three years. UK manufacturers have been hurt by the weakening global economy and signs of domestic slowdown, and economists fear further problems ahead.

The financial market turmoil of 2015 has knocked around £50bn off the value of the world’s 20 wealthiest people.

That’s according to the annual survey of the megarich from Forbes , which reports that Carlos Slim, the Mexican telecoms tycoon, had a year to forget. His fortune shrank from $77.1bn to $50bn last year.

Bill Gates has been crowned the richest man in the world for the third year in a row, although the Microsoft founder’s fortune also dipped from $79.2bn to $75bn.

Zuckerberg’s wealth grew by $11.2bn to give him a total net worth of $44.6bn.

Related: World’s 20 richest people are $70bn poorer, says Forbes

Continue reading…

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