major world economy. it s also one of the major leading players in the group of emerging economies who are talking up the idea of a common trade currency to counter the dollar. so, could they become the trading block of the future? i m going to be discussing all of that and more with these two. there they are. the man who first coined the phrase the brics, and a former central bank economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one of the big winners post pandemic. but can they keep their lustre in a shaky global economy? i m catching up with the big boss of the world s biggest diamond supplier. wherever you rejoining me from around the world, once again, a big hello, and a warm welcome to the show. you know, back in 2001, a directorfrom goldman sachs, jim o neill, now lord o neill, coined the phrase the brics, an acronym for what he gauged were the countries with the highest growth potential that would dominate the glo
attended the inauguration of the new bank in shanghai on thursday. the new development bank is set up by the brics group, and president lawler said the new financial institute freeze developing countries from establishment. a business reporterjoao da silva has more on the significance of this trip. the goal, in his own words, is to strengthen the relationship and at least when it comes to business ties already significant, china s brazil s biggest export market, each year buying tens of billions of dollars worth of natural resources and agricultural products, including soybeans, iron ore, oil, and beef. while brazil, according to chinese state media, is the biggest recipient of chinese investment in latin america. president lula da silva is more of it if he is to boost result s stagnant economy, that is why the brazilian government expects more than 20 bilateral agreements to be signed during his trip was not as part of the deeper ties, they have already agreed to allow busin
north, temperatures will fall away under the starry skies, and we re looking at a fairly widespread rural frost at the very least. so we start off on a rather chilly note first thing sunday, quite a keen wind coming through the north sea as well for eastern areas, still that brisk ish wind towards the north and west. but for mostjust a day of dry and bright weather with hazy spells of sunshine for the most part. and temperatures will obviously not be as high as today because they re starting at a lower level, about eight, possibly ten degrees celsius in east anglia. but some pleasant feeling weather, light winds, if you re out and about. during the evening and overnight, we do pick up a little bit more cloud ahead of the next weather system in the north and the west. so it won t be quite as cold for the far north west of scotland, northern isles, the west of northern ireland. but elsewhere, another cold night and this time it will be frosty further south as well, possibly one
to the country torn by internal conflict. you are watching bbc news. now, it s talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. the great global divide is the world economy drifting away from us dominance, as some of our biggest emerging economies are showing us what economic growth is all about? india, it s sitting pretty at the top of the pack, growing faster than any other major world economy. it s also one of the major leading players in the group of emerging economies who are talking up the idea of a common trade currency to counter the dollar. so, could they become the trading block of the future? i m going to be discussing all of that and more with these two. there they are. the man who first coined the phrase the brics, and a former central bank economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one of the
and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift shop. th