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we start with the soaring cost of living because there s a warning home energy bills here in the uk could rise even higher than previously feared this winter. wholesale gas prices have jumped back to near record highs after a further squeeze on europe s gas supplies by russia. our global trade correspondent dharshini david has the details. this is being claimed as the first truly global energy crisis, the result of moscow weaponising fossil fuels in europe has been the key target. this is the wholesale price paid for gas there. 4a8% higher than a year ago because traditionally it got to 40% of its gas from russia. that latest rise reflects a focus on this, this is nord stream one, the pipeline carrying bird of europe s russian gas supply all the way to germany, that flow has now dropped to just a fifth of normal levels, russia blames that on the impact of sanctions on vital equipment, opponents say it s an attempt to blackmail by turning down those taps. those concerns ....
This session we will hear from Biden Administration officials including agriculture secretary, u. S. Trade representative katherine ti and Consumer FinancialProtection Bureau director rody, this is just over an hour. [inaudible conversations] it has generated extraordinary benefits already but pioneered a hold of government approach to competition policy, one that has not only made a huge impact but has transformed the way we think about competition policy in the United States and has again rated an extraordinary gathering of people today. I think for those in the antitrust community to see the extraordinary distinguished panel that we have today speaks volumes and so they all need very little introduction, so i will just introduced them by name and we ....
This session we will hear from Biden Administration officials including agriculture secretary, u. S. Trade representative katherine ti and Consumer FinancialProtection Bureau director rody, this is just over an hour. [inaudible conversations] it has generated extraordinary benefits already but pioneered a hold of government approach to competition policy, one that has not only made a huge impact but has transformed the way we think about competition policy in the United States and has again rated an extraordinary gathering of people today. I think for those in the antitrust community to see the extraordinary distinguished panel that we have today speaks volumes and so they all need very little introduction, so i will just introduced them by name and we ....
This session we will hear from Biden Administration officials including agriculture secretary, u. S. Trade representative katherine ti and Consumer FinancialProtection Bureau director rody, this is just over an hour. [inaudible conversations] it has generated extraordinary benefits already but pioneered a hold of government approach to competition policy, one that has not only made a huge impact but has transformed the way we think about competition policy in the United States and has again rated an extraordinary gathering of people today. I think for those in the antitrust community to see the extraordinary distinguished panel that we have today speaks volumes and so they all need very little introduction, so i will just introduced them by name and we ....
Now more from the conference on free trade. This panel looks at how trade policies impact to the internet and data flows across borders. This is one hour and 10 minutes. Welcome to our panel on trade on the internet. My name is daniel activates. I am honored to be your panelist today. Before i get started and introduce the panelists. Were not only talking about this because of the sheer commercial impact, which michael hinted to and anyone who pretends watch the stock market this days. It is also about data. It is about its importance to crossborder trade. Is about ip, and its about privacy. I will throw a quick statistic at you, then i promise i will not pretend to know much more, but between 2005 and 2014, crossborder data flows increased nearly 50 times. That means that this is a brand new exciting and kind of terrifying problem for us. Those crossborder data flows are also generating more than 3 trillion a year in economic revenue. Which is a staggering number. Its not to say does ....