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wednesday and attended the inauguration of a new bank in shanghai on the staples development bag has been set up by the brexit, brazil, russia, india, south africa, because, president lula said the new financial institution frees developing countries from established ones. our business reporter has more on the significance in the strip. the goal, in his own words, is to strengthen the relationship and at least when it comes to relationships ties are already significant. china is brazil's biggest export market, each year by intensive billions of dollars of natural resources and agricu...

a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn't it? fit at the seems like relatively good doesn't it? of course. as we mentioned _ good doesn't it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing roo...

of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn't it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we've seen the greatest reduction in the costs of gas as well as food and grocery expenses — things that are very important to america...

civil servants. meanwhile, separate data from the bank of england shows british lenders reported a sharp increase in the rate at which households and businesses defaulted on loans such as mortgages. the chancellor said the economic outlook was still brighter than expected. let's bring in the chief economist at kpmg. the uk economy remains weaker than any other country in the g7. we still have twin drives of high inflation and rising interest rates. how resilient do the you think the uk economy is? the latest data has been _ think the uk economy is? the latest data has been more _ thi...

inauguration of a new bank on shanghai. the new development bank has been set up by the brix group, that's brazil, russia india and china and south africa and president lula said the new financial institution frees developing countries from established ones our business reporter has more on the significance of this trip. on the significance of this tri -. , ., ., , trip. the goal in his own words is to strengthen _ trip. the goal in his own words is to strengthen the _ is to strengthen the relationship. and at least when it comes to business ties our already pretty significant. china...