And of austerity. The u. K. Prepares its biggest dose of stimulus in decades. It really is said to plan doublings doubling stimulus to combat the outbreak. President trump appears to a coronavirus conference. He was expected to announce a major stimulus package that he hyped himself the day before. And, taking a hit. Couldsays the coronavirus knock First Quarter quarter china revenue by one billion euros. We will speak to the ceo in just over a half an hour. Youve got some breaking news down there on the green from the bank of england. Anna absolutely, breaking news. Itsbank of england reduces bank rate. The bank of bank rates by 50 basis points. 20. 25 . A surprise rate cut from the bank of england. Just as we saw a surprise rate cut from the fed. Here we are seeing me seeing a great deal of cooperation theeen the fiscal side of monetary side in the u. K. Investments are waiting for an update, waiting for the government to respond to the coronavirus. We are also hearing about a Moneta
And the emergence of the petro dollar everything all oil all energy is settled in u. S. Dollars all commodities are priced in dollars and settled in dollars and all happens at the new york fed and everyone around new york gets a lot of money because they are in proximity to the new york fed and thats the way the world works of course the new york fed is the one in charge of the repo interventions at the moment they do say now that there is going to last through the tax season because they have another new excuse it was supposed to last for 24 hours and then 48 hours and then 72 hours then a few weeks and then a few months and now its going to last until at least april they say and we also covered back in may remember representative brad sherman of california hes a congressman from out there he said about bitcoin that big point we must stop it now because what theyre trying to do is replace the new york fed for exactly this sort of thing is what he was forecasting is that we need to con
Reshaping of the Meat Industry as african swine flu decimated miners pork industry on the front stage of tax but could escalate trade counting the votes on aljazeera. Called the. See. The middle east Peace Process is a term spin used by World Leaders time and time again refers to efforts made by the International Community to end the Israeli Palestinian conflict. One of the most significant events of the past 50 years is the oslo accords a set of agreements that were 1st signed in 1993 by the governments of israel and the Palestine Liberation Organization to put in place a series of procedures based on un resolutions for the eventual goal of an independent palestinian state and to oversee this agreement the un established the office of the special coordinator for the middle east Peace Process. Coordinators mandate is to lead the u. N. System in all political and diplomatic efforts related to the Peace Process but nearly 30 years since its establishment what impact has it had the palest
Hours as we await the next jobs number. Time now for global exchange. From london to berlin and washington come our bloomberg voices are on the ground with this mornings top stories. We begin with irans response to claims that the ukrainian passenger jet crashed in tehran was shut down. The head of the countrys Civil Aviation authority said this on state tv. Law, i said, based on the there is full coordination between our air defense and civil system. Are Aviation Personnel and defense personnel sit sidebyside, so it is absolutely impossible for such a thing to happen. Alix for more, we are joined by stuart wallace, Bloomberg News director for the middle east, joining us from washington. What is the latest . Stuart tehran came out with that, and they are sticking to its story. They continue to stick to that line despite just about everyone theye world saying that have reasonably good intelligence that there was at least a possibility that airplane was hit by a missile. That hasnt been
Both his critics and supporters feeling that down. The fact that the former president. Will be moved to a rehab an efficient center and not prison is something that is not going to sit down well with protesters and many in sudan as well theyve been saying that the former president has been getting special treatment which is the complete opposite of what judges and his defense what would his defense team have been saying now just before he issued his verdict the judge mentioned. That is a young man who was sentenced to death for the same charge of illegal possession of foreign currency in 1989 by former president ahmed bashir the judge seemed to be trying to make a statement saying that during his rule the former president sentenced people very harshly for minor crimes while now during the new transitional period hes been sentenced fairly 2 years in prison but that is something many on the streets are saying is not enough and that he should be tried for many of the crimes besides the cr