In the 90s and early 00s. Now this comes hot on the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation, things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to be
a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstatic, i v
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
Praising the police in new york for getting those protesters because out of that building. So we will continue to watch that speech or the former president , the lead with jake tapper starts right now Campus Protests are recruiting in violence. The lead starts right now from new york to california and points inbetween protests going beyond just protests, students barricading themselves in buildings confrontations between students and police in some places Vigilante Group showing up, coming up a detailed look at all the chaos plus Secretary Of State Antony Blinken is in israel, he trying to push a ceasefire as Prime Minister netanyahu i who pledges to attack raffa in gaza regardless of what the us wants. Were going to take you to the situation on the ground in gaza. Plus from the trial so the trail donald trump hitting two battleground states today. Can he avoid yet another Gag Order Violation as the hush money cover up case takes a day off before resuming tomorrow morning. Welcome to t
Being the Strategic Response officers were seeing more arrived now and get information the question now obviously is, when do they have the green light to go in . We dont know. We are expecting it at any moment and we keep seeing the officers move around, but its not entirely clear where theyre going, so okay. Were just going to walk this way again because i dont want to get were going to check in one keep us an form. Were going to check in with Julia Vargas Jones, who is On Campus Outside Hamilton Hall. Julia im just wondering if any how are you what are the last few minutes been like anything youve been seeing . We saw a large Movement Anderson of students all the way to the one 14 gate thats the one that shimon was mentioning there is Police Presence over there on that side. You see people just walking, trying to see if this trying to figure out where police will come in from and where they will be. The safest, honestly, a lot of a lot of the students that went way, they kinda like