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in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now. that is not enough. russia s central bank raised interest rates to 20%. they are now currently 1a. that is not going to be enough either. es ....
Climate change will make - food and elation. human induced climate change will make heat i climate change will make heat waves 100 times more likely in this part of the world, the uk s met department estimates. an ominous warning for a country where hundreds of millions depend on the land for their livelihoods. microsoft s big annual developer conference kicks off again in an all online format. ceo satya nadella that s him there gave a keynote speech outlining the company s future direction and two themes stood out it s all about the cloud and azure. but what does it mean for the way we will use our computers in the future? joining me now is howard yu is the lego professor of management and innovation at imd business school. we were talking there about cloud, but actually there is the return of a pc, isn t there? can you just explain a little bit about what this ....
Touch and lock on the door of all of us in the world in a different way, a different crisis, financial crisis, food crisis, financial crisis, food crisis, with anything, military crisis, with anything, military crisis, but we need to stay strong. crisis, but we need to stay stronu. . , crisis, but we need to stay stron.. . , ., strong. and a big message for the whole strong. and a big message for the whole of strong. and a big message for the whole of britain strong. and a big message for the whole of britain on - strong. and a big message for the whole of britain on the - the whole of britain on the boxing brothers. i the whole of britain on the boxing brothers. the whole of britain on the boxing brothers. i want to say thank you boxing brothers. i want to say thank you so boxing brothers. i want to say thank you so much boxing brothers. i want to say thank you so much for- boxing brothers. i want to say thank you so much for all- boxing brothers. i want to say thank ....
Mindset is notjust inside microsoft, but they try to play it up at a community level which i thought was rather remarkable. remarkable. thank you for oinint remarkable. thank you for joining us remarkable. thank you for joining us on remarkable. thank you for joining us on our- remarkable. thank you for joining us on our own - remarkable. thank you for| joining us on our own safari there. appreciate your time. before we go, let s get little bit more another top story that 19 and one teacher has been killed in a mass shooting and united states in texas. the teacher has been named as eva mirelas, the network reports that she worked at the robb elementary school is a fourth grade teacher instructing pupils aged between 9-10 instructing pupils aged between 9 10 and president 0bama has spoken about the saying that nearly ten years after sandy hook and ten days after buffalo, our country, he says is paralysed not by fear but by a gun lobby and a political party that has shown no willin ....
This is bbc news with the latest business headlines for viewers in the uk and around the world. a us treasury decision not to allow russian bond payments threatens the country with its first default in 100 years. a scorching heatwave in india pushes farmers to make unconventional choices about their crops. a look into the future: we take a peak at what s new at microsoft s developers conference. the us is cutting off another financial route for russia to pay its international debts ....