Attacks by hamas gunmen took place. More than 300 young people attending the festival were killed others were taken hostage. It has been called israels 9 11 by some, and like the attack on the world trade center, its had massive repercussions around the world in both politics and economics. Michelle fleury has more on the global impact one year on. The middle East Conflict could add to the risks already facing the global economy. The escalation comes at a time of uncertainty around the upcoming us election and as china tries to stabilise its struggling economy. Economists warn the war could push up inflation if Trade Routes are disrupted, causing the cost of Oil And Shipping to rise. A big concern is whether any escalation could block the strait of hormuz, a major shipping channel. A third of Oil Tanker Traffic and one fifth of lng frozen gas passes through there. The Oil Markets are already reacting. The price of Brent Crude jumped 5 last thursday after President Biden said the us was
Refuge in shelters as explosions lit up the sky. Iran warned it would hit all of Israels Infrastructure if it retaliated. The Israel Defense forces said that around 180 missiles. Were launched towards israel around 5. 30pm local time on tuesday. They were fired across huge areas of israel, including its largest city Tel Aviv, and jerusalem. And, these pictures from iranian State Media show the ballistic missiles being launched from Military Sites. Tehran said the attacks were in retaliation for the killings of senior militant leaders, including the hezbollah chief hassan nasrallah. Well, israel has responded by continuing its aerial assault of beirut s Southern Suburbs. These are live pictures of the lebanese capital. The idf said it had targeted a number of hezbollah sites. Meanwhile, the iranian backed Militant Group says it has clashed with israeli troops in the southern lebanese town of adaisseh. Both the us and uk were involved in helping to protect israel from Yesterdays Missile
They were fired across huge areas of israel, including its largest city Tel Aviv, and the capitaljerusalem. Nd, these pictures from iranian State Media show the ballistic missiles being launched from military sites. Tehran said the attacks were in retaliation for the killings of senior militant leaders, including the hezbollah chief hassan nasrallah. And tehran says it warned the us against intervening. Well, israel has responded by continuing its aerial assault of beirut s southern suburbs. These are live pictures of the lebanese capital. The idf said it had targeted a number of hezbollah sites. Meanwhile, the iranian backed Militant Group says it has clashed with israeli troops in the Southern Lebanese town of Adaisseh Biv both the us and uk were involved in helping to protect israel from Yesterdays Missile attacks. Our Correspondentjon Donnison had to seek shelter when the missiles airraid siren. Israel was warned it was coming. But this was irans revenge. Almost 200 ballistic missi
How strict would trump be with china, what we saw eight years ago which was radical at the time with the tariffs is not just the baseline, and to what extent would harris continue biden s policies or go further with labour and environmental standards . You mentioned Supply Chain, how do they differ when it comes to that . The chain, how do they differ when it comes to that . It comes to that . The us is t in it comes to that . The us is trying to it comes to that . The us is trying to move it comes to that . The us is i trying to move manufacturing back to the United States. To move back to the United States. Trr move all Manufacturing Jobs back to the United States through tariffs. Kamala harris would look at allies and do some reassuring or french shoring, businesses here in asia, clients are looking at these scenarios its very difficult to understand where to put capital and exactly where to adjust your Supply Chains, one, the Indo Pacific economic Framework Agreement would trump Ki
Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h