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BBCNEWS World July 5, 2024

the first time it has opted against a rise in more than a year. fed chairmanjerome powell said the bank was still waiting for evidence that inflation was slowing decisively. so what might be in store? to talk through what s at stake i m joined by francis 0h, asia pacific chief executive at qraft technologies. a warm welcome to the programme. argue with the economists, the bookies that predict that inflation will actually be coming down to around 3%? actually be coming down to around 396? actually be coming down to around 396? ., ~ , ., ., ., around 396? thank you for having me, es, this is interesting because it would take a long time to see the 3% level could be achieved. we are still waiting and see for extra detail but right now the call of economists is about 3.1% of cpi data thisjune, which is also substantially different from the previous three months in may and i think the query strategy is that the cooling down of the cpi, and the fed looks like it will be chan ....

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BBCNEWS Asia July 5, 2024

set by chatgpt, signing up more than 100 million users in under five days. that was just last wednesday that threads went live on apple and android app stores and 100 countries. mark zuckerberg said he couldn t believe the milestone had been reached so fast but if it feels like lots of people are already on it, well that is partly because it is connect to instagram. group three isn t creating an app from scratch, it is benefiting from its 2 billion instagram followers and that s giving it a massive shot in the arm. analysts are calling this the first serious threat to the elon musk owned twitter. according to similar web, twitter s web traffic was down 11% from the year prior, that s in the days immediately after threads launched. it s worth remembering threads is not the first attempt to challenge the microblogging app but others such as mastodon, blue sky and truth social remain small. history shows that creating a social media platforms hard but when it works, it rea ....

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BBCNEWS Asia July 5, 2024

ability to buy high tech microchips and it s now considering an executive order to curb us investment in sensitive areas. jerry eligible to chinese counterpart to any such measures would be hardly targeted. i such measures would be hardly tarueted. , .,, , such measures would be hardly tarueted. , . , , ., targeted. i emphasised that it would be highly targeted. i emphasised that it would be highly targeted - targeted. i emphasised that it would be highly targeted and| would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to relay them fears that that would do something that would have broad based impacts on the chinese economy, that s not the case, that s not the intention. i think this is an example of what i said about how to address national securities concerns. address national securities concerne address national securities concerns. , ., ., ~ concerns. the senior market anal st concerns ....

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BBCNEWS Asia July 5, 2024

and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i emphasise that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad based impacts on the chinese economy. that s not the case. that s not the intention. and i think this is an example of what i said about how to address national security concerns. senior market analyst kelvin wong told me that ms yellen did manage to smooth relations on the economic front. if you look at the us treasury secretary yellen, i believe that she is more pragmatic. so, all in all, i would like to state that ms yellen actually had a positive outcome in terms of economic communication between the us and china, but, however, on the general political front, i still reckon ....

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BBCNEWS Asia July 5, 2024

this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global marke ....

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