bank and signature bank are facing lawmakers who blame the poor management for the banks failures. the bank ran into trouble after depositors removed their funds causing a panic within the banking system. congress want to know what went wrong. it was the first time anyone had heard from the former ceo of silicon valley bank after the spectacular collapse of the financial institution, he ran for more than a decade. becker apologised what happened but did not seem to take any responsibility for the eventual collapse. in the former executives that were there were slammed for the millions of dollars they received compensation. they were asked if they had any intention of returning some of those funds. how much of the $40 million did you earn from loading up banks with this? are you planning to return to the fdic was yellow compensation, there s been a lot of talk about it long term and short term. i lot of talk about it long-term and short-term. lot of talk about it long-term an
to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of this, it
second biggest economy grew 1.6% on annualised rate, much better than what had been predicting, thanks to private consumption and an unexpected rise in capital expenditure. let s bring in neil newman from the quarry capital who joins us live from tokyo. thank you for joining us. the data has come out a lot stronger than expected, talk us through what s been doing quite well. this is a very big and positive surprise. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp numbers certainly does indicate there is a large amount of the domestic economy contributing to this. as you mentioned cap ex, business spending was up on the annual basis, way ahead of expectations. but even consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers in march, they were not that impressive, in fact they were quite depressing. t
queen guitarist brian may and members of england s women s football team are among those celebrated in the uk s new year s honours list. over a thousand people have received recognition for their service. i will be back at the top of the error, no it is time for talking business. hello, everybody. a very warm welcome to a special edition of talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. this week, we re going to revisit some of our interviews that defined 2022. of course, a momentous year of disruption for the global economy. over the last 12 months, we ve continued to feel the impact of covid, the russian invasion of ukraine, and suffered a cost of living crisis as energy prices have soared. i ve spent the year speaking to some of the most influential chief executives, business leaders and policymakers on the planet. the head of the imf, the international monetary fund, told me herfears for the planet s prosperity, and the
for the planet s prosperity, and the us energy secretary explained what her country was doing to tackle soaring oil and gas prices. i also heard from the boss of plane maker boeing about how the post covid bounce was helping it put years of turbulence in the rear view mirror. but it wasn t all doom and gloom because we also celebrated a year of huge growth for women s sport. wherever you arejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, 2022 has been a year of huge disruption to the global economy, with many of us forced to rethink everything from what we eat to how we work and well, even how we heat our homes. the world went into the year still very much feeling the impact of the coronavirus pandemic. restrictions, economies everywhere have found it impossible to return to life as it was before. a major reason why was russia s decision to invade ukraine on the 24th of february. as well as costing thousands of lives, it s d