bloc known as mercosur likely to dominate. both blocs have entered the last stretch of negotiations to seal a trade deal that has been over two decades in the making. so what progress will be made this week? let s discuss this withjimena blanco chief analyst and head of americas research at the risk intelligence company verisk maplecroft. it s company verisk maplecroft. a really big week for ti eu it s a really big week for the eu and for south america. remind the viewers, mercosur what is it and who is involved with that and why is it taking so long for this trade pact to be aligned? be aligned? good morning, sall . be aligned? good morning, sally- the be aligned? good morning, sally. the mercosur - be aligned? good morning, sally. the mercosur and - be aligned? good morning, sally. the mercosur and eui sally. the mercosur and eu talks have been going on for a couple of decades, but in 2019, the south american block that comprises argentina brazil, uruguay and paraguay
case and what the and he was there was a and they also settled a russian tanker that in karachi on sunday and that is packet study perspective they can get hold of any oil and if they don t have to pay in us dollars that is welcome. of course it is controversial because western countries have imposed sanctions on russia for its invasion of ukraine, so it all oil exports have been restricted. they have announced a price cap of $60 a barrel. pakistan has been negotiating with russia for months to get discounted oil. a short while ago the petroleum minister said that they are going to pay in the chinese currency. that is again a benefit to pakistan because foreign exchange reserves have dropped below $4 billion and now they are looking for ways to pay. this all against a pretty weak economic picture for pakistan. it is facing a lot of economic trouble and therefore it needs this cheap energy. at the same time i wonder what needs to be done to try and set the economy back on an e
welcome to a brand new week. looks like it s going to be a busy month for central banks from the us, europe and japan. on wednesday the us federal reserve will wrap up its two day meeting to decide on a cost of borrowing in the worlds largest economy. expectations are high at the fed and will hit the pause button this week after raising interest rates ten times and fascia. on thursday policymakers from the european central bank are expected to meet and they at the delicate balance of taming inflation while trying to avoid the risk of falling into a recession. and rounding out the week the bank ofjapan will be in session to debate on its monetary policy moods. expectations are high that they will continue to remain its ultra loose monetary policy. it s notjust central banks that investors will be watching closely this week, china is poised to unveil a slew of its latest data. later today at loan growth and money supply data for may could offer some clues on cash that is in cir
one weekend in march, and now we ll see two cultures colliding. there are likely to be manyjob losses, staff will be bracing for those. however, as you say, the boss of ubs has said, look, we have a lot of opportunities here as well, and of course it does mean that ubs is able to access key markets in wealth management that it would have taken years to do had it not taken over credit suisse. and of course the deal reached with the swiss government effectively for the government to back around $10 billion of losses that it could see when it sells of chunks of credit suisse s business, will have helped sweeten this deal. it is going to have a fight on its hand but arguably, credit suisse s footprint does mean that that is probably going to be easier to at leastjoin the fight now that it has all of these assets under management and of course, has already established partnerships around the world. so certainly that will be the ambition. it s a big ambition. i don t think necessar
grapples with strict regulations for al and london tech week opens its doors. the growing appetite for raw materials like nickel and cobalt means we have to start searching in new places. we investigate the opportunities and pitfalls offered by sea bed mining. and how does loneliness impact the workplace? apparently, it costs businesses collectively billions every year. hello, i m sally bundock, with the top business stories. and we start in brazil where european commission president ursula von der leyen kicks off her latin american tour today. she is scheduled to meet brazilian president lula da silva later with talks between the eu and the trading