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where in a few hours�* time for emergency talks on how to deal with the countrys debt ceiling. some reports say the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here? michelle fleury, north america business correspondent. it feels oddly familiar, these last—minute talks to try and avert a crisis. last-minute talks to try and avert...

notjust to deal with military tensions but also on counter drug efforts and use of ai. president biden said it didnt mean the two countries would stop competing. united states will continue to compete vigorously with prc but will manage that competition responsibly so it doesnt veer into conflict or accidental conflict. and where its possible, where our interests coincide, we are going to work together, like we did on fentanyl. thats what the world expects of us. notjust people in chin...

First, all the Business News with rico hizon in singapore and Asia Business report. We look at what companies in America And Asia want from the us fed s intradays meeting. Todays. Im glad you could join us. I am rico hizon. It is less than 2a hours before we find out if the Us Central Bank will raise Interest Rates for a second time this year. Analysts widely expect the fed to increase the cost of borrowing. It has fallen toa16 the cost of borrowing. It has fallen to a 16 year low and Economic G...

South of france and corsica fight huge forest fires banned by high temperatures and strong winds. Close to the Tourist Resort of saint tropez, nearly 2000 Fire Fighters have been put into action as dozens of homes are evacuated. And britains adam peaty has broken his own 50 metre breast stroke world record, in the heats of the World Swimming Championships in hungary. Good morning. Its tuesday the 25th ofjuly. Im ben brown. Welcome to bbc Newsroom Live. Builders could be banned from selling new h...

Explain what is going on because these figures, most other countries would love to have these figures, but it is a slow down when we talk about china?— but it is a slow down when we talk about china? thanks for having me. peole are about china? thanks for having me. people are worried _ about china? thanks for having me. people are worried about _ about china? thanks for having me. people are worried about the - about china? thanks for having me. | people are worried about the figures because ...

Are saying they want a december rate hike as well. before the meeting. >> shepard: china backed off last night. do we know why? >> the saying that parents will sometimes say, its going to hurt me more than you are whatever the case may be. china is a position where i can make this kind of currency move and it helps on the export side but of the same time, theyre going to be places where it falls into trouble when the currency is so weak. for example, servicing debt, bringing its purchasing power...

Yes and not only on the export side but also on the import side the imports not going down by as much as the exports that at least a bit of could news for those exporting things to china but it surely is a signal that should set off alarm bells round the world because basically everyone depends on china to be a powerhouse for the world economy alongside with the u.s. of course and alongside with a couple of european nations and the chinese government is doing everything it can to buck the trend ...

In chinese field coming as oil and coming to the u.s.s autofield. the amount of specific problem and the way to address it is product by product and what we can do to change the export side and what we can do to reduce the bad influence. >> thank you very much. you can stay for this, also. perhaps gary cohen could say a few words about trade. >> yes, thank you mr. president. as you know, much of our biggest problem on trade has to do with our economic relationship with china and we have maintain...

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