Largest ipo but falls short of the 2 trillion target positive signs of a trade deal as President Trump says talks are moving along well and beijing says it will wave tariffs for some u. S. A agriculture al products. In a deal worth 3. 2 billion pounds for the Phoenix Group it is the last trading day of the week you can see behind me, there is a lot of green already in the european heat map. This is after the positive hand over from wall street. Some optimism again about those trade talks. New comments from President Trump saying the trade negotiations are on track and going well that gave a boost to wall street overnight as well, we are seeing positive momentum. Here on some reports from the Chinese Finance Ministry saying china are willing to make exemptions the narrative about trade has switched to positive again we still have a lot of green on the board. Stock 600 up about 0. 3 percent ant point. Despite the red we saw in asian markets, it has been a heavy week for Global Markets. T
wherever in the world you rejoining me from, once again, a big hello in a very warm welcome to the show. so are your wages struggling to keep up with the rising cost of living? are you seeing the cost of his supermarket shop go up each week? what about your energy bills or your rent or mortgage payments? well, all of this is thanks to soaring inflation, which was rising because of the fallout from the coronavirus pandemic and has been made worse by the war in ukraine. some influential voices are now warning a big recession could be on the way. it all means there s massive worldwide problems for the business. and political leaders gathering in the swiss mountain resort of davos to get stuck into their stated aim is to improve the state of the world. this year, more than 2,500 delegates are set to attend, and they typically range from hollywood movie stars to prime ministers and the chief executives of the world s biggest companies. being there, it doesn t come cheap, $180,000.
supply to finland the latest escalation of an energy payments row with the west. russia s gas giant gazprom confirmed it had completely halted exports to finland at 0a:00 gmt on saturday. finland says there will be no disruption to customers. today the 28th world gas conference starts in daegu, with 12,000 participants from 90 countries descending on the energy city of south korea. topics on the table for discussion will no doubt focus on russia and europe s energy supply or lack of it. meanwhile, the uk is apparently experiencing a gas glut, with surplus supplies of natural gas pouring into britain s re gasification terminals. the glut has squashed gas prices on the spot market in britain, but will this lead to prices dropping for consumers? joining me now is michael stoppard, global gas strategy lead, s&p global. read gasification terminals, where they store the gas until it is needed, if those are full, there is a glutton the supply of gas, will people watching at home
because this is coming up from the sahara, northern africa, what does this tell us about the jet stream, is it tied to it at all? hot is it tied to it at all? not necessarily. is it tied to it at all? not necessarily. in is it tied to it at all? not necessarily. in this - is it tied to it at all? not necessarily. in this case | is it tied to it at all? iirrt necessarily. in this case the prime driver of high temperatures across southern space was a flow of air from northern africa, morocco is seeing warm weather as well. the jet stream drives weather across the uk and we often talk about it. the jet stream is in the north of the uk, it is the warmer side of the jet. what drove this was a combination of the weather in north africa and a combination of strong may sunshine and dry ground gives us these high temperatures. and dry ground gives us these high temperatures- and dry ground gives us these high temperatures. thank you very much for that. soaring temperatures. tha
To now understand can have a think like the right to present data used on instagram to follow up the challenging china. So world wide influence a use Global Gateway Initiative aims to invest billions in infrastructure fabi on your of the kind of really competes with beijing research as go over a world wide tax on 1000000000 as well. Well ask them if that plan could ever actually happen. It says data business on robots inputted and welcome to the program is the use response to belt and road. But as china is massive Global Infrastructure project box, its 10 anniversary brussels. Its just completing its 1st global gateway summit. The use of 60 scientists, 66000000000, yours has been pledged to projects around the world so far with more to come as the the we use rosie budget reports, bridges ports on hydro, electric dams. These are all parts of brussels latest page to compete with beijing. Its called google gateway, a part of Infrastructure Investment funds designed to rival china, spelt a