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meaningful, i think then certainly we will have a huge reaction in the market. but for now, i don't really see anything more meaningful coming into the market. so anything more meaningful coming into the market.— into the market. so we have reached the _ into the market. so we have reached the halfway - into the market. so we have reached the halfway point i into the market. so we have reached the halfway point of 2023. how would you describe the health of the global economy?— the health of the global econom ? . v . economy? that's an intriguing question- _ economy? that's an int...

coastguard. it is only one line but it is sufficient for them to put it out and they have not been doing that to the course of the last few days so i suspect that is significant, but the detail also is very significant and certainly it is pushing back, normally when they talk to us and update us they give themselves more time to actually analyse what they have actually found. absolutely right and we have been waiting for this information all morning essentially. this urgent search has been going on for a few days now. every day the coastguard has been updating reporters and the press...

is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don't really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point _ market. we have reached the halfway point of _ market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing _ of the global economy? that was a really intrigui...

initiative to start building semiconductors in india, which is also something to keep an eye on. i think more anything else, the headline is that the fact that modi has been given this very glittering high—profile state visit, underlines how important the india relationship is for the biden administration. india is proving to be a viable option in terms of of supply chains for american companies, should beijing be afraid? i think beijing has a large lead when it comes to supply chains and i think india is still working through some of its problems. it has had a few high—profile s...

hovering around 2%. right now, it sits somewhere around 4%. that's certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it's why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expens...