more than 20 thousand nhs ambulance workers will take part in another strike over pay, manning picket lines across much of england and wales. former employees of the welsh rugby union have accused the organisation of having a toxic culture of sexism. everton have sacked manager, frank lampard, after less than a year in charge. their defeat at west ham on saturday was everton s ninth loss in 12 league games. and, meet the uk s youngest member of mensa. four year old teddy taught himself to read when he was just two, and can count to 100 in seven languages including mandarin. the prime minister has asked his independent ethics adviser, to examine how the conservative party chairman and former chancellor, nadhim zahawi, settled a multi million pound tax dispute. rishi sunak says there are questions that needed answers. mr zahawi says his error was careless but not deliberate, and his advisers say he doesn t intend to resign. labour however warns he needs to come clean and
york shortly. more on those stories in a moment. let s get more business news. good afternoon. we start in the uk where the first transatlantic flight by a passenger plane powered solely by so called, sustainable aviation fuel , has taken off. the virgin atlantic flight from london to new york currently somewhere over the atlantic ocean is part funded by the uk government. it s running on fuel made from a mixture of sources including crops, household waste and cooking oils. it has a significantly lower emissions lifecycle than traditionaljet fuel and is being billed by the industry as a big tool in hitting net zero targets but a lack of supply is a major stumbling block. we re nowjoined by hannah lawrence, who s a campaigner at stay grounded. hello there to you. many people this morning and in the build up saying it is usually significant. you, however, the organisation refers to carbon, colonisation. it’s however, the organisation refers to carbon, colonisation.
i am francine lacqua. we will try to figure out politics, geopolitics, and all of the participants are waiting to see what president trump will say. that starts in 30 minutes. i wonder if he will talk tariffs and europe. this is where your markets are. a lot of focus because of the thely virus in china, european stocks a little on the downside. let s get the first word news. we begin with the global economy, it will grow but slower than expected according to the international monetary fund. 0.1% of itsdown projection in october. it is optimistic and says risks are less skewed to the downside. president trump and president macron may have reached a truce on digital. the readout from washington was more muted. preventement may escalation into another trade war. hashina a sars virus entered a new state of severity. the world health organization confirms person-to-person transmission. four people have died. 17 years ago the sars outbreak killed 800 people. mitch mcconnell is pl
About the selloff in treasuries. One of the underperformers in germany 50 basis points. We made it. David we will get a range of u. S. Economic data at 8 30 a. M. Eastern time, including core pce and Second Quarter gdp. The Kansas City Fed president at 9 45 this morning. Will speake chairman 15 minutes later at a conference in london. At 1 00 this afternoon, the u. S. Treasury will sell off 28 billion in 10 year notes. Emma President Donald Trump kicked up his campaign to cut tax rates for corporations and individuals, casting the proposal as an economic jolt for hiring across the country. The Corporate Tax rate at 20 . Framework, we will dramatically cut the business tax rates of that American Companies and American Workers can beat our foreign competitors and start winning again. Businesses would be allowed to immediately break up their Capital Spending for five years. European unions chief brexit negotiator says the pie minister speech in florence is causing a new dynamic in our neg
The spectrum. We look at Asset Classes and gold and yen and, looking, of course, the geopolitics. In the meantime, this is what the data is telling us. A reminder for all of you americans, it is Independence Day. The markets in the u. S. Are closed, which means we are seeing a little bit thin trading, a selloff in risky assets globally as north korea claimed a successful Intercontinental Missile launch. Havens both advancing. You can see the vix a touch up at 11. 22. We will have plenty more on the markets but lets get to the first word news. Nejra speaking of risky assets, oil has halted gains after the longest winning streak after rude shows that opecs c production rose to its highest level in june. The increase came from libya and nigeria which are exempt from making cuts under the deal agreed between opec and its allies. Janet yellen was hospitalized over the weekend and luncheon for treatment of a Minor Infection and is heading home. Yellen was admitted on friday and released yest