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BBCNEWS Asia July 2, 2024

in a battle for global economic dominance, plenty of countries are paying close attention to what it might mean for them. widodo s indonesia is no exception. from jakarta our asia business correspondent nick marsh, reports. this is a country on the move. super high speed rail has come to indonesia. this was built by chinese engineers and financed with chinese loans. once upon a time indonesia s largest trading partner was the us. that train has left the station. now, it is china. they were given the nod to build this over america s ally and the master tree makers, japan. this train is notjust the testament to chinese engineering, the fact it was chosen overjapan s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is but when s brand new office. the everything. this is but when s brand-new office. the president and i started ....

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BBCNEWS World July 2, 2024

of october, bringing annualised inflation down sharply to 3.2% % over the past 12 months. it has been 3.7% previously and that was down from a peak of 9.1% in the middle of last year. let s hear now from our north america business correspondent erin delmore. it is finally heading in the right direction. . , , direction. that s right. and this re ort is direction. that s right. and this report is being direction. that s right. and this report is being seen direction. that s right. and this report is being seen as - direction. that s right. and this report is being seen as good i direction. that s right. and this - report is being seen as good news. we saw stock futures jumped on the news and we have seen that momentum sustained into this morning. when we look at numbers like this, we look not only at the number but the direction the numbers are moving in. as you said, we see inflation at 3.2% year over year in the month of october, down from 3.7% in september. we ....

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BBCNEWS World July 2, 2024

welcome to our look at the top business stories. i m lukwesa burak. today, global markets will be watching the latest us inflation data for clues as to whether the federal reserve might move again on interest rates. inflation was 3.7% over the 12 months to september which is the same rate recorded for august. while inflation has cooled significantly from last year, it remains higher than the 2% target. this month, the us central bank held its key interest rate at its current 22 year high as it seeks to stabilise price rises, which had recently reached near record levels. joining me now is steven blitz, chief us economist, ts lombard. hello and welcome to the programme. hello and welcome to the programme- hello and welcome to the - programme. what are programme. thank you. what are ou programme. thank you. what are you expecting programme. thank you. what are you expecting later programme. thank you. what are you expecting later today? - programme. thank you. wha ....

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BBCNEWS Asia July 2, 2024

widodo s indonesia is no exception. from jakarta, our asia business correspondent, nick marsh, reports. this is a country on the move. super high speed rail has come to indonesia. whoosh was built by chinese engineers and financed with chinese loans. once upon a time indonesia s largest trading partner was the united states. that train has left the station. now, it is china. they were given the nod to build this over america s ally and the master train makers, japan. this train is notjust the testament to chinese engineering. the fact it was chosen overjapan s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is boeing s brand new office injakarta. presidentjoko and i started meeting when he was governor. the relationship goes back a long way. indonesia is wary of the chinese military power and when it comes to defence, it ....

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BBCNEWS Asia July 2, 2024

dominance, plenty of countries are paying close attention to what it might mean for them. widodo s indonesia is no exception. from jakarta our asia business correspondent nick marsh, reports. this is a country on the move. super high speed rail has come to indonesia. this was built by chinese engineers and financed with chinese loans. once upon a time indonesia s largest trading partner was the us. that train has left the station. now, it is china. they were given the nod to build this over america s ally and the master train makers, japan. this train is notjust the testament to chinese engineering, the fact it was chosen overjapan s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is boeing s brand new office injakarta. the president and i started meeting. the relationship goes back a long way. indonesia is wary of the ch ....

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