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business report with sally. it is the final week. the french presidential election goes into overdrive. we compare the remaining two candidates economic programmes. and we hear from the green boss who s been quietly donating millions to environmental causes but says he s now spending the money to take on trump. hello and a very warm welcome. this is world business report. i am sally bundock. also in the programme south korea s latest trade numbers rocket. we ll go live to the region for the latest. first of all, though, it is the last week of campaigning for the french presidential election. voters are being wooed by the frontrunner and centrist emannuel macron and by the far right‘s marine le pen. the economy and prosperity have been among the key issues in what is the world s sixth biggest economy. so what are the two visions that they re trying to sell? one of france s biggest problems is its unemployment rate remaining stubbornly high at 10%. so as far as emman ....
the fed raises interest rates and says it will start unwinding its $4.5 trillion stimulus programme. but is the us economy really out of the woods? plus roam if you want to. the eu scraps extra mobile charges for travellers from today after a decade long battle. but will users end up footing the bill anyway? welcome to world business report. i m sally bundock. also coming up: the end of an era forjapan inc. toshiba s set to sell off its chip division as it battles for survival. we start in the us where the central bank, the federal reserve, has raised the cost of borrowing, as was widely expected. it s the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. let s show you the details. the fed has raised its main interest rate by 0.25%. that takes its target range to between 1 1.25% the highest it has been since before the 2008 financial crisis. and it s set to go higher: the fed is forecasting one more increase ....
crude is down some 20% this year, despite opec s attempt to prop it up. and it could have further to go. plus. on edge over brexit: germany s industrial giants fear for the future of their multi billion dollar uk market. we report from the port city of bremen. welcome to world business report. i am rachel horne. we also have the story on the excessive borrowing by china s biggest companies. we start with the price of oil, because, once again, despite the best efforts of the oil producing nations to prop it up, it is on the slide. let s show you what s been happening. this week the talk‘s all been about this guy he s back. traders refer to a bear market when the price of an asset falls 20% from its recent peak. it often signals a loss of confidence and further falls to come. since the start of the year, crude has done just that. it is down over 20%. it was $56 per barrel in january, and it is down over 20%. it was $56 per barrel injanuary, and is now below $45 in t ....
studios in singapore and london, this is bbc world news. it s newsday. it s 7am in singapore, midnight in london and 1 am in the german city of hamburg, where world leaders have arrived for a summit of major global economies. although it s not officially started, president trump has already grabbed the spotlight. speaking in poland just before the summit he s said western civilization needs to defend itself. and ahead of his meeting with president putin, he s called on russia to stop destabilising other countries. jon sopel reports from hamburg. the famous port of hamburg, tonight s disembarkation point for anarchists, anti capitalists, anti globalisation protesters and the leaders of the world s 20 richest nations. the protesters stones and fireworks were met by police teargas water cannon. no such hostility when the president ventured out in warsaw this morning. not everywhere in europe would they chant donald trump s name so loudly or so approvingly. but with its po ....
now it s time for world business report. hit by the eu profits fall at google‘s parent company alphabet, after a huge fine levvied by the european union. and bitcoin what s it for? well, now you can use the cryptocurrency to pay for art. all will be explained. welcome to world business report. i m rachel horne. in a minute sharanjit will tell us how sk hynix increased its profits by more than 500%. three of the world s most valuable internet firms release their latest numbers this week. the biggest by far is google‘s alphabet, which has just reported a 21%jump in revenues. that was better than expected but there was less cheer on the when it came to earnings. net profit fell 27.7% to $3.5 billion. hitting the bottom line was a $2.7 billion fine issued by the european commission injune. it ruled the firm abused its power by promoting its own shopping comparison service in it s search results. google says it may appeal. but, alphabet‘s shareprice fell 3% in afte ....