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Bumper cut the Federal Reserve slashes the cost of borrowing by half a Percentage Point. We take a look at what this says about the us economy. And the Bank Of England are minutes away from telling us whether theyre cutting rates or not. Markets think theyre staying where they are. Welcome to business today. We start in the us, and a big move by the Central Bank in cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a Percentage Point bringing it down to between 4. 75 and 5 . A drop larger ....
China is experiencing a rare episode of sliding prices. Japans economy experienced this back in the 1990s and early 2000s. Now, this comes hot the heels of disappointing china trade data on tuesday, which showed that exports sank at their fastest rate since the pandemic, dropping by more 14 in the year tojuly, with imports also falling by more than 12 in the same period. Joining me now is duncan wrigley, Chief China Economist at pantheon macroeconomics. Thank you very much for being with us today. The Rest Of The World looking on in amazement. Considering the inflationary pressures the rest of us are dealing with. What do you read Between The Lines in this latest data . Between the lines in this latest data . Latest data . Ok, i mean, there are some latest data . Ok, i mean, there are some shortterm latest d ....
programme. i m sally bundock. if you have just joined if you havejustjoined us, you are in time for the top business stories. france is on edge, as you know, because as you have been hearing, it has had many, many days of riots, which has been a real problem for president macron, who will be meeting the mayors of 220 municipal areas today that have been affected by the recent violence. riots in france appear to be calming, after five days of violent protests in response to the shooting and the killing of a teenager, nahel m, during a police traffic stop. there are concerns that the spate of violence will have a long term effect on the tourism sectorjust as the summer season begins. french media outlet le point quoted a tourism official as estimating that up to 25% of hotel bookings in paris had already been cancelled. in some regions, financial support has been announced for looted businesses and hospitality venues. joining me now is charlotte de montpellier, senior economist ....
havoc to global trade. speaking in bahrain, the us defense secretary lloyd austin said participating countries include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that s why i m convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for more on what the shipping disruption might mean for the global economy, i m joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund. this area of the red sea leading to the suez canal is quite important in terms of the volume of trade passing through it. about 12% of global trade passes through the red sea, including 30% of the container shipping. altogether, it accounts for about us$1 trillion per year of trade, so it is quite significant, and a disr ....
he speaks in german translation: alhe universities collaborate more often with each other than any two countries in europe. other than any two countries in euro e. , , , ., other than any two countries in euroe. , ,, ., ,., , ., europe. this helps to explain why a berlin-based europe. this helps to explain why a berlin-based company has - europe. this helps to explain why a i berlin-based company has pioneered berlin based company has pioneered in london the use of lamp posts for electric vehicle charging points. while in berlin, you can book a ride in a fully electric london style taxi. internationally as well we are working closely together. we helped initiate the just energy transition partnership with south africa at the climate conference in glasgow. a further such partnership with indonesia was the result of much cooperation during germany s g7 presidency. mr president, ladies and gentlemen, this essential partnership between our two countries is built on the ex ....