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to the country torn by internal conflict. you are watching bbc news. now, it's talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let's go and take a look at what's on the show. the great global divide — is the world economy drifting away from us dominance, as some of our biggest emerging economies are showing us what economic growth is all about? india, it's sitting pretty at the top of the pack, growing faster than any other major world economy. it's also one of the major leading players in the group of emerging economies...

Costs. we have seen deals fall through a couple of weeks ago in the us. and injune there was a deal that fell through. actually, we are seeing that what looked very promising, in the hopes of build—up of renewables and offshore wind, we will now have to navigate a corner economically and governments could have rather rigid frameworks which might threaten this readjustment within the industry. it might threaten this read'ustment within the industry._ within the industry. it will be fascinating — within the industry. it will be fascinating to _ within the industry. it will be fascinating to ...

Let's continue with our business coverage and focus on brazil where its central bank is expected to cut interest rates for the first time in three years today. economists are expecting a small cut of 25 basis points from its current high of 13.75 percent. president lula himself has called on the central bank to cut interest rates as inflation eased. but to what extent will a small cut stimulate latin america's largest economy? i'm joined byjimena blanco, chief analyst and head of america's research at the risk intelligence company verisk maplecroft. so the central bank is likely to reduce rate...

Radical, but of course, we want to grow faster. we want to be more equal in terms of the socio—economic situation. so it's time for us to observe. but it's, there's quite a division in the country. soaring prices are still a huge challenge pretty much everywhere, but brazil, you've managed to more than half inflation since a peak of over, i think it was around 12%, in april last year, but you've only managed to do it with these crushing interest rates. i mean, at the time of this interview, those rates, as you know, were 13.75%. how much is that hurting the local economy? it hurts a lot, esp...

Since a peak of over, i think it was around 12%, in april last year, but you've only managed to do it with these crushing interest rates. i mean, at the time of this interview, those rates, as you know, were 13.75%. how much is that hurting the local economy? it hurts a lot, especially if we make the calculation on real terms, we are talking about 8% real interest rate, which is huge. of course, the economy has been impacted and it will still be impacted for the coming months. but we start to see inflation going down. once the government is able to show that they will be responsible, that the ...