Declining onto an empire forges its alliance with germany and the central powers as the war gives birth to 3 nationalist movements the road to time and the future world war one through the eyes own knowledge is iraq. How high can the price of gold go the precious metal is being sold for a record 2000. 00 an ounce whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus and that this is a story. Alone welcome to the program. The coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians they
The world in president cheese image is the middle kingdom looking inwards as the chill of a new cold war threatens the factory of the world. Global debt source as government spend spend spend on the world cope with even more debt. Well no nation has been spared from the coronavirus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months of the year well most of the industrialized world has delivered on its 2nd quarter g. D. P. Numbers and the worst performer was Boris Johnsons britain its economy contracted more than a 5th after failing to lock down early enough the country also has the most deaths in europe. While the Unemployment Rate has yet to reflect the severity of the economic crisis its only a matter of time when furlough schemes across europe come to an end in the United States more than 20000000. 00 pe
This is counting the cost on aljazeera you look at the world of business and economics this week in the Global Economy stocks so whats a record highs despite the coronavirus pandemic billionaires become richer but the poor get poorer is it time to finally confront capitalism. Remaking china and the world in president cheese image is the middle kingdom looking inwards as the chill of a new cold war threatens the factory of the world. Global debt source as government spend spend spend on the world cope with even more debt. Well no nation has been spared from the coronavirus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over a secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months of the year well most of the industrialized world has delivered on its 2nd quarter g. D. P. Numbers and the worst performer was Boris Johnsons britain its economy contracted more than a
They are going through so that i can convey the headlines in the most human way possible. We believe everyone has a story worth hearing. Hello im daryn jordan this is counting the cost on aljazeera you look at the world of business and economics this week cracks in the Global Economy stocks saw to record highs despite the coronavirus con demick billionaires become richer but the poor get poorer so is it time to finally confront capitalism. Remaking china on the world in president cheese image is the middle kingdom looking inwards as the chill of a new cold war threatens the factory of the world. And global debt saw as government spend spend spend on the world cope with even more debt. Well no nation has been spared from the corona virus pandemic with 22000000 cases and almost 800000 deaths the Health Crisis is far from over a secondary spikes flare up we may have seen some of the worst economic costs but most pain could be lurking as we head into the final few months of the year well m
Bubble. The good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on data in the u. S. , stimulus in the u. S. , and for july manufacturing 51. 1, instead of the 50 that was expected. The other thing we are really ,atching out for is gold, 1897 within a whisper of 1900, which will be a big psychological impact. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Hi francine. ,rising for the first time about of march to 1. 4 million, but dropping slightly. The data comes as hundreds of billions of federal aid is set to expire. The u. S. Economy could be at risk of a double recession. A Vaccination Program for the protect ait ceases to second wave of the coronavirus. Twice as manyple as last flu season. At shots available for the risk groups will be available to everyone over the age of 50. Disney is canceling the august release of malan and delaying avatar by more than a year. Date. Ime, no