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also breaking this morning, signs that the labor market, which has been stunningly strong for so long is now cooling. fed watchers and wall street very warily awaiting these numbers. i ll talk to acting labor secretary julie su for her take on the numbers and the strength of the u.s. economy. and later, more heat for an already weather-weary nation. over a dozen dead nationwide from the high temperatures. i have asthma, so the air quality is really hard on my lungs, and then with the heat on top, it s like having a meltdown all in one. when could we get some relief from the brutal and record-breaking heat? let s begin with the war in ukraine and the breaking news. we ve now confirmed that the u.s. will send cluster munitions to ukraine. these are large bombs containing smaller explosives inside them which then disperse and can kill in record numbers. these weapons are so dangerous that more than 120 countries including many u.s. allies have agreed not to use the ....
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 ....
helped to slow down the rate of price increases for non food products, which eased injanuary down from over 3% in december. i m joined now by shanti kelemen, chief investment officer at m&g wealth. good morning. this isjust what we want to hear before the bank of england has its first meeting of 2024, which happens on thursday. meeting of 2024, which happens on thursday- on thursday. yes, we will have a decision on thursday. yes, we will have a decision from on thursday. yes, we will have a decision from them - on thursday. yes, we will have a decision from them on - a decision from them on interest rates, wiley expected to keep rates unchanged and thatis to keep rates unchanged and that is positive news for inflation and a prices, on the other side we do have the economy still not in a recession and wage growth has been pretty strong. there are some factors balancing inflation, thinking it might not be a sharp drop in the next few months. to not be a sharp drop ....
on the women s side, elena rybakina, roared past shelby rogers. other winners included andy murray, who maintained his record of never losing in the wimbledon first round. here s chetan pathak with a round up of the best of the day s play. rain here washed out play for most of tuesday, certainly on these outside courts, but on the show courts, underneath those roofs, play was completed as scheduled, and that saw elena rybakina, the women s defendant champion, in the end survive a scare against america s shelby rogers. she has been having a virus and needed to come back from a set down to beat the american. with the band now listed on russian and belarusian players, aryna sabalenka east past in straight since. there was also a straight set win for last year positive eaten finalist. in the men s draw, carlos alcaraz of the men s draw, carlos alcaraz of the number one, looked supreme again, seeing offjeremy chardy in three. and any murray, now 36 and playing with that mid ....
producer of them both. from next month, exporting these metals will require a licence, as michelle fleury explains. welcome to world business report, i m ben thompson. us treasury secretary janet yellen is headed to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to steady the relationship, but she s got her work cut out for her. ahead of her visit, beijing said it was imposing export controls on two rare metals essential for making semiconductors. the measures are seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question, will be subject to export controls starting august 1st. in a statement, china s ministry of commerce said it was to protect national security interest ....