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to discuss, not least the ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also joe biden ram ....
to discuss, not least for their ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report with the latest. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also j ....
to discuss, not least their ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down a chinese spy balloon and flaming tensions in the south china sea and also joe biden ram ....
after aggressively raising interest rates for the last year and a half, the federal reserve believes it s in a place where it can leave rates, where they are to cool the economy and to slow inflation from its current 3.7% on a yearly basis to closer to 2%. but even though america s central bank opted not to hike right now, fed chairjerome powell suggested officials are prepared to do more if inflation flares again. the idea that you wouldn t would difficult to to raise again after stopping for a meeting or two is just not right. i mean, the committee will always do what what it thinks is appropriate at the time. right now, things look good, even though it s pricey for americans to get a mortgage or carry credit card debt. growth was stronger than expected over the summer. the world s largest economy is still adding jobs on a monthly basis. and the government s latestjobs report is due out this friday. fed staff also don t see a recession, so they don t want to rock the ....
michelle fleury has more. all three of the big american car makers now have a tentative deal with the united auto workers union. general motors was the last to settle. the chip maker reached an agreement on saturday and ford announced its deal last week. with this positive reaction from one ford employee, walter robinson. it’s employee, walter robinson. it s definitel employee, walter robinson. it s definitely going to be life changing for the people, it s definitely going to be a career and notjust a job. {3m definitely going to be a career and notjust a job. and not ust a ob. gm said it was and notjust a ob. gm said it was pleased and notjust ajob. gm said it was pleased with and notjust ajob. gm said it was pleased with the - and notjust a job. gm said it. was pleased with the outcome with the ceo adding the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements, which still need to be ratified by rank a ....