The contest to become the next Prime Minister will intensify on tuesday when tory mps cast their votes in their second secret ballot. Ontenders will need to secure at least 33 votes. Now on bbc news live to singapore for Asia Business report. Jet airways bankruptcy. Creditors to start Insolvency Proceedings against the debt laden indian carrier. And turning trash into tracksuits. 0ur global sportswear brands are tackling the rising tide of plastic pollution. Hello and welcome to Asia Business report. Im sharanjit leyl. West arthurjet airways, because creditors are to begin Insolvency Proceedings against the stricken indian airline. We start with. Theyre trying to find a suitable buyerfor theyre trying to find a suitable buyer for what was once the countrys biggest carrier. Ellis taylor told me how the shutdown will impact the Aviation Industry. In some ways, the indian Aviation Industry has already adjusted to shutdown ofjet airways. This has not operated afloat since the 17th of april
It is tuesday, june 18th Worldwide Exchange begins right now. Welcome to the show. Welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us. Two major market stories developing at this hour. Futures are higher right now nothing seems to hold this market down. Dow futures up 74. All as the fed kicks off a twoday meeting today. Tomorrow we get the decision on Interest Rates Pay Attention to this. I know its wonkky. The yield on the german tenyear note our tenyear note is yielding 2. 5 . Their tenyear note is yielding negative 0. 29 with this press conference from the ecb, we saw the yield on the tenyear bund in germany continue to fall you are paying to borrow money its an incredible story there well have more on these big stories coming up. First we have to get to europe we have breaking news there on facebook the social network revealing its cryptocurrency ambitions lets get to Julia Boorstin in cannes, france with more facebook announcing a new D
Q were relatively flat up slightly, up about 2. 5 points in europe we saw the active trading taking place all of this ahead of the fed meeting starting today the cac is the biggest gainer of the three major averages its up by q . You see gains of a half percent across the board and then if you want to seee1 whats happening in the treasur market here in the United States o0. 042 theres no way bad news is good Morgan Stanley is soenearish yesterday was the mostx boring day i watched ine the markets seeing the bug here and there at thee1 gym or whatever. I would look up. I have to check. E 46 i have to check. Up 46. Is it dog days yet it may be market breaking news. Facebook officially unveiling its cryptocurrency currency plans. Julia boorstin has more on that. Facebook announcing its new Digital Currency called libra. It will make it easy to send money around the world the currency is set to launch the first half of next year. It will be run by a nonprofit in switzerland up like
Us Energy Secretary tells me how the world can tackle an Energy Crisis that is returning to knock the Global Economy off track. Also on the show, india its one of the worlds Fastest Growing economies, so can home grown Airline Vistara cash in on growing demand for flights despite High Oil Prices. Im going to check in with its big boss. Wherever you werejoining me from Around The World, once again, a big hello and a warm welcome to the show. You know, as the war in ukraine rages, one of the most noticeable impacts for the rest of the world continues to be the soaring costs of our energy. As europe approaches the cold winter months, which typically causes demand for oil and gas to surge, millions, millions of households and businesses are worried aboutjust how they are going to afford to pay their bills. Politicians in europe and across the rest of the world are trying to take action to limit the economic damage, but also come up with long term solutions. Two numbers explain the scale of
Australias Remote Northeast big plans are in the pipe. The largest coal mine in the country and one of the biggest in the world is going to be built here. The Indian Company behind the market says it will create thousands of jobs. But at what cost. Im steve on this episode when he said investigates whether the mine will mean riches or ruin for australia. Youre going to hear your. We gotta get. Right. To simulate carries cattle station is on the edge of an area called the galilee basin in the north east of the strange. Life here isnt for the faint hearted the climate time and the last drought is pretty good for the first by. The waterfront. But in the past few years ive never. Breaking point. The couple is fighting for survival as the coal Mining Industry led by Indian Company adani marches into the region. If that adani more guys it its going to be devastating itll destroy the galilee basin because they die any more and if it starts the rest of the morning will come and be under. The c