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BBCNEWS Asia Business Report June 4, 2024 00:32:00

Around the world are fighting high inflation, this move by opec could make that battle more difficult. the white house has been pushing opec to increase production, even making a special trip to saudi arabia last year to make a personal plea. unsurprisingly washington did not take the news of a production cut well, with the head of the national security council calling it inadvisable. joe biden has been pushing for lower gas prices to ease the cost of living burden on american pocket books. that was my colleague on american pocket books. that was my colleague reporting on that story for us. i want to turn your attention to australia now because later today the central bank there will make its latest decision on the cost of borrowing. the reserve bank of australia has in fact hiked rates nine times in fact hiked rates nine times in a row in a bid to stem sky high inflation in the country but recent data appears to suggest those rising prices may be slowing down and notjust in australi ....

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BBCNEWS World Business Report June 4, 2024 04:38:00

Pushing opec to increase production, even making a special trip to saudi arabia last year, to make a personal plea. unsurprisingly, washington did not take the news of a production cut well with the head of the national security council calling it inadvisable. us presidentjoe biden has been pushing for lower gas prices to ease the cost of living burden on american pocketbooks. french president emmanuel macron and the president of the eu commission, ursula von der leyen, will leave for china later today. they are expected to arrive in beijing on wednesday, and are due to meet with president xijinping and other top chinese officials. relations soured last week after a speech made by the eu commission president. in it, she said relations between the eu and beijing had become strained and that europe needed to de risk diplomatically and economically with china. the comments were not taken well by chinese officials and raised concerns about the cai, a proposed economic plan ....

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