Talking points

Struggling Japanese electronics giant Sharp sets out its plans for a turnaround at its headquarters in Osaka. According to reports last month, the plan will see a further 5,000 jobs cut, including at television plants in China and Malaysia, as the company looks to reduce its workforce to about 46,000 in time for the 2015 fiscal year. The firm is also expected to announce a reshuffle of its management.

Australia's government sets out its last annual budget before a general election later this year. While Chinese demand for raw materials such as iron ore and coal kept Australia out of recession during the global economic crisis, a cooling of the mining boom combined with a stubbornly high currency is eating into Australia's corporate tax revenue. Treasurer Wayne Swan will put the plan, which will need lawmakers' approval, to parliament in Canberra.