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we begin in china where hospitals are reported to be filling up with covid patients. infections have surged following the relaxation of the country s strict lockdown rules and as we head in to a new year many are asking what could the surge in infections mean for the economy and the rest of the world? the latest data shows factory activity shrinking for a third month in a row in december. this comes as countries around the world announce covid screening for travellers coming from china as it prepares to reopen its borders on january the 8th. to talk us through what s at stake i m joined by duncan wrigley chief china economist at pantheon macroeconomics. good morning to you. do we know what the real picture is in time in china in terms of the number of infections and those in hospital and those critically ill?- in hospital and those critically ill? in hospital and those criticall ill? ~ ., ~ ., critically ill? we don t know the exact critically ill? we don t know the exa ....
the commonwealth games open in birmingham. more than 5,000 athletes from 72 nations and territories will compete over the next 11 days. welcome to world news america on pbs, in the uk and around the globe. we begin tonight with fears of a recession here in the united states figures out today showed the economy shrank for the second quarter in a row. prices for groceries and petrol are rising at the fastest pace in forty years. this comes after the us central bank on wednesday raised interest rates for the fourth time this year. but president biden says the underlying economy is still strong. let me just give you what the facts are in terms of the state of the economy. number one, we have a record job markets of record unemployment at 3.6% today. we created 9 million newjobs so far just as i ve become president. businesses are investing in america at record rates, that doesn t sound like a recession to me. joining us now is former economic adviser to barack 0bama and profess ....
hit the country hard, making the economy one of the biggest issues in this election. financial markets are already celebrating a modi win. let s go live to the bombay stock exchange and our correspondent archa na shukla. looking at markets today, we are seeing a sharp sell off, what is going on? are seeing a sharp sell-off, what is going on? are seeing a sharp sell-off, what is going on? well, as the markets opened what is going on? well, as the markets opened today, - what is going on? well, as the markets opened today, they . what is going on? well, as the i markets opened today, they got a bit of a shock from the initial and early trends of election counting. projections had projected a clear mandate for narendra modi and his party and its allies, but the initial trends can begin seem to show the win could be narrower than projected. i am outside the bombay stock exchange, one of the two national exchanges in india, both of which saw a rally yesterday in monday s ....
Good morning to you. this time yesterday we were watching oil because of the 0pec decision on sunday but what was happening with gas prices? with gas prices? well, the gas rices with gas prices? well, the gas prices are with gas prices? well, the gas prices are really with gas prices? well, the gas prices are really being - prices are really being affected by a temporary outage at a norwegian processing plant which is affecting movement of gas, and so the reason that is important is that, following the end of russian pipelines of gas to europe, norway is now the largest exporter of gas into europe, accounting for about 30% of all european gas imports. so any changes to norwegian oil supply very quickly feeds through to the national gas price and causes exacerbated volatility at outages such as this. it goes to show that outages such as this. it goes to show that across - outages such as this. it goes to show that across europe | outages such as this. it goes i to show that acros ....
The former un ambassador nikki haley. all of them say that if elected, they will expand the oil production they claim joe biden has shut down. joe biden became president of the united states and launched his. we want all forms of energy, we want to make want all forms of energy, we want to make sure want all forms of energy, we want to make sure we aren t going to any other make sure we aren t going to any other energy. we make sure we aren t going to any other energy- make sure we aren t going to any other ener: . ~ ., i. .. other energy. we will lower your gas rices, we other energy. we will lower your gas prices. we will other energy. we will lower your gas prices, we will open other energy. we will lower your gas prices, we will open up other energy. we will lower your gas prices, we will open up all other energy. we will lower your gas prices, we will open up all energy i prices, we will open up all energy production, we will be energy dominant again in this country. ....