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To the deflationary spiral however now because theres a strong trend of Wage Increases, Finance Minister Shunichi Suzuki says its over. Joining me now is seijiro takeshita, whos a professor at the university of shizuoka. Thank you for being with us today. Talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. It is todays Declaration Calls for celebration . Yes, i would think so. Concerning the fact that for two decades, we ...

that the country's biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the company's financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here's the swiss president alain berset speaking at a press conference a short time ago. on friday, the liquidity showed that it was no longer possible to restore the necessary confidence...

last little while we have heard that israel has proposed hosting the rival sudanese leaders for talks. so the israeli foreign ministry are just saying that any last little while, just that one sentence, a whole flurry of international efforts to get a truce. all of them have failed so far, but israel now proposing hosting rival sudanese leaders for talks, so we will keep an eye on that development. whilst we were hearing from andrew mitchell in the house of commons, we were also getting the latest views from us secretary of state. worth going through the key conclusions he has been t...

we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of do...

Great have you with us. How did they finally seal the deal . Yes. Great have you with us. How did they finally seal the deal . Finally seal the deal . Yes, this has been a nearly finally seal the deal . Yes, this has been a nearly twoyear finally seal the deal . Yes, this has been a nearly twoyear long been a nearly two year Long Acquisition Process which has been fierce with a lot of pushback. Cma is the last major hurdle they create. The major issue the cma had with the Activision Blizzard deal was odd to most others in the industry, their issue with the cloud Gaming Market. It is currently ...