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BBCNEWS Asia July 5, 2024



beijing. china has slapped export controls on two rare metals used in the manufacture of semiconductors. the move by the chinese ministry of commerce targets the metals gallium and germanium. china is a major producer of both. from august, exports of these metals will require a licence. michelle fleury has more. us treasury secretary janet yellen is headed to berlin, 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 study the relationship, but she has got her work cut out for her. ahead of her visit beijing said he was imposing export controls on two rare medals 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 for tub gallium and a germanium the two mentals in questi ....

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BBCNEWS Asia July 5, 2024



a severe economic slump. the 23 banks tested at more than $100 billion in assets each. that results in a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the us, president joe biden has vowed to restore the american dream in a speech promoting his so called bidenomics policy at a rally in chicago. he is courting voters ahead of the presidential re election bid next year. michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans. the president outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., . ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. find si ....

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BBCNEWS Asia July 5, 2024



elsewhere in the us presidentjoe biden has vowed in other news china has passed its first foreign relations law aimed at providing a legal basis to hit back against sanctions and what chinese media called western hegemony. the law on foreign relations gives beijing the right to take quote countermeasures and restrictive measures against acts that endanger china s security and development interests. the move comes as the us and china becoming increasingly locked in a dispute spanning politics and trade. china has seen parts of its country gripped by a historic heatwave this month. but it s not the only country in asia affected india too, is sweating under a prolonged heatwave. the weather is putting stress notjust on people s health the climate was a topic discussed at the world economic forum gathering in the chinese city of tianjin this week. dr melissa lott an energy researcher with new york s columbia university talked to us earlier. she explained what needs to ....

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MSNBCW Dateline July 5, 2024



breakfast. our top stories russian mercenary leader yevgeny prigozhin called off his rebellion after 24 hours of mayhem. prigozhin agreed to leave russia after talks with the leader of belarus. the kremlin says he won t be prosecuted. faulkner troops have also begun to leave the southern city of rostov where the began. just hours earlier, vladimir putin had called the rebellion treason. in moscow, residents have been told to avoid traveling and all mass outdoor events are canceled until next month. and, of course, with events in russia dominating the sunday papers, we will run through them with the editor peter conrad and welcome to sky news breakfast. the rebellion by russian mercenary leader to be over within 24 hours, his take in the southern city of rostov-on-don, a key communication setup for the war in ukraine and an armored of 124 miles of moscow. russian president vladimir putin called it a knife in the back of our people and said they were trait ....

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BBCNEWS Asia July 5, 2024



hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straig ....

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