Iris Pang News Today

lets get down to business and we start with the big picture. the global economy is expected to grow a paltry 3% over the next five years according to the head of the international monetary fund, kristalina geogieva. her comments were made ahead of the imf and world banks spring meetings which kick off today in washington. our north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. bankers are raising interest rates to...

we begin in china where as youve been hearing there were hugs and tears as international travellers arrived in china yesterday without the need to quarantine for the first time since the early stages of the covid pandemic. the strict quarantine rules had been in place for nearly three years. their lifting marks the end of beijings zero—covid policy, which had caused growing public anger. in hong kong, 400,000 people are expected to travel into mainland china in the coming weeks with ...

lets start here in the uk where the new chancellor has been holding crunch talks with the prime minister on sunday to thrash out plans on tax and spending. jeremy hunt says his focus is on growth underpinned by stability. the value of the pound has gone up against the dollar in early trading today in asia. we will look at the market numbers in a moment because the new chancellor has the tough task of restoring economic credibility in the financial markets. our international trade corre...

hello there. we start with the cost of living crisis — because the uk is facing a summer of discontent over pay, according to the head of the biggest private sector union. sharon graham, who runs the unite union, has told the bbc its not "militant" to ask for pay rises in line with inflation, currently running at over 9%. she says tens of thousands of her members, from bus drivers to refuse collectors to factory workers, are involved in pay disputes around the country. this warning c...

hello there. a significant easing of restrictions in shanghai, which will allow most people to move freely around the city after more than two months of a full lockdown. hooray! the curbs on movement have crippled demand and production. on tuesday, beijing unveiled a stimulus package with 33 measures to try and revive the economy. but chinas overall policy of zero covid remains very much in place according to our reporters on the ground. joining me now is iris pang, who is the chief ec...

WMBR 88.1 FM - The MIT Student Radio Station in Cambridge, Massachusetts

WMBR 88.1 FM - The MIT Student Radio Station in Cambridge, Massachusetts

Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the countrys ability to boost the global economy.

In April, China's imports shrunk considerably while exports rose at a slower rate

Chinese exports grew 8.5% in April, customs data showed Tuesday, displaying unexpected strength despite weakening global demand. Exports grew to $295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8%. But imports shrank at a faster pace, with the total slumping…