Faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. Weve got ourforecast down from 1. 7 in april, down to 0. 8 . We have already said risks were the downside when we made this forecast was down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, or income of Rebuilding Supply Chain away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more to it ongoing now within politically similar blocks number between locks that are dissimilar. That is some indication. We look at certain sec
Geopolitical tensions and how it could drive up prices for all, especially poorer countries. Weve cut our forecast down from 1. 7 in april, cut it down to 0. 8 . We have already said risks were the downside when we made this earlierforecast, so down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, friendshoring, Rebuilding Supply Chains away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more trade ongoing now within politically similar blocks number than between blocks that are dissimilar. That is some indication. We look at certain s
Weve got our forecast down from 1. 7 in april, down to zero point a present. We have already said risks were the downside when we made this forecast was up is down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board for them in most sectors in most geographies. Thats why we cut the forecast. Cut the forecast. How much of this is actual cut the forecast. How much of this is actual policy . Cut the forecast. How much of this is actual policy . Were. This is actual policy . Were hearing from the west this idea of nearshore income of french or income of Rebuilding Supply Chain away from east asia for the friend sharing. How much of this is here to stay and how much of a problem is that . We saw there much of a problem is that . We saw there is much o
Not to be close to epstein, when in reality he viewed him as a cherished friend. Lets cross to our Business Editor simonjack, who has the details. Yes, before jes yes, Beforejes Staley yes, before jes staley was the yes, Beforejes Staley was the boss of barclays, he ran the Private Banking of barclays, he ran the private bankin business of of barclays, he ran the Private Banking Business Ofjpmorgan of barclays, he ran the Private Banking of barclays, he ran the private bankin business ofjpmoran for banking Business Ofjpmorgan for High Net Worth clients, of which Jeffrey Epstein was one. Now, following Jeffrey Epstein s conviction and subsequent suicide for six offences, the Financial Conduct Authority asked barclay to try to characterise and find out about how close the relationship had been between mr staley and mr epstein, and the bank rate back to the regulator approved by mr staley, saying he insisted they had no close personalfriendship, it was professional only. E mail that subse
Significant additional risks. Speaking this morning, ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. While we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think weve seen anything suggesting it would be very significant. Janet yellen speaking earlier. Joining me now is gregory peters, co chief Investment Officer at pgim fixed income. Thank you for being with us. Janet yellen says so far things are ok, that there are lots of moving parts right now, notably how long this conflict goes on for and who else if anyone gets involved, i am thinking of saudi and iran. It is anyone gets involved, i am thinking of saudi and iran. Of saudi and iran. It is clear there are lots of of saudi and iran. It is clear there are lots of moving of saudi and