Hello im daryn jordan this is counting the cost on aljazeera a look at the world of business and economics this week its been a little more than a decade since the financial crisis will the pandemic push the banking and financial industry into another meltdown more jobs are lost than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries the migrants in rich nations whos looking out for them. Well from a Health Emergency to an Economic Disaster as the world grapples with a coronavirus pandemic unresolved the old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering learn repayment holidays to consumers well in europe where banks have yet to recover from
Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t
Our bloomberg voices are on the ground with this mornings top stories. We begin in asia. Chinas economy stabilized last quarter, showing greater than expected strength if december. Fourth quarter g. D. P. Rose from the year earlier. Joining us now on the phone from beijing is james, bloombergchina economy editor. Walk me through the details and where the question marks are still Going Forward . Reporter looking at the data that came out today, it really was a surprisingly strong finish for 2019, for chinas economy. I think if we look past the g. D. P. Numbers, chinas g. D. P. Is more a political target than a real indicator of whats going on. If you look at the retail sales, Industrial Production and fixed investment numbers, there was a bit of a rebound in december. Sort of ending the year on a high note. A part of that was, i think, the chinese numbers efforts to sort of support companies is working and also i think the optimism you may have seen in december from the signs that the t
Its just gone for am in the morning here and the russian camp. So money, speech of scots and heres how the world is looking. It is tuesday gets into way. Thats our top story. The Russian Defense ministry has said that a full us abrams tank has been destroyed on the front lines of dumbass images circulating online. The show. The chart remains of the American Made vehicle both suggests that was destroyed in the fights for one of the villages in the den, yet beach and the russian of o. D. Also confirmed of the west and supplied munitions have been taken out in the course of fighting in ukraine, including a check made vampire come by the vehicle and see french sees as self propelled author units. For the west, military seems to be suffering. Another failure has a butchers made it showing good things stuck in the mud while performing a simple training exercise. The exercise were seeing the main problem of the toner just keeps. Getting stuck in the model is being one of the messages to the c
Violations in the west. And the russian m o. D. U confirms its troops held secured yet another settlement in the done yet republic pushing back Ukrainian Forces whos been retreating from the welcome to r t international. My names you know, neil of 30 minutes of news. News starts not the us house of representatives has brought in key. If a 61000000000. 00 war chest know simply. However, most Republican Congress members officially oppose the bill which could have implications for ukraine. Should donald trump, when the members president ial election, rushes Foreign Ministry spokesman also slammed the motion, saying it on the other pos, bills will only fuel more unnecessary violence around the world as the us allocation of motor a to ukraine. These drilling tie one will aggravate Global Crisis mailed for a to the key of regime is the direct sponsorship of terrorist activities. Males for a to tie one is the name to syrians in chinas into and the list says those are a to israel is a direct p