A truce softer 3 days of fighting with troops from azerbaijan celebrations for some prisoners of war in libya 16 of them go home in a swap between the warring sides and a European Court sides with our poll in a setback to efforts to crack down on tax deals favoring multinationals im joining us roscoe with the sports world cup organizes release the schedule for the 20 twentieths here cats all tournament for the 1st time there will be 4 matches a day in the group stages all have all the details coming up this hour. Thank you for joining us we begin with breaking news this hour after months of negotiations and failed talks with egypt and sudan ethiopias government says it started to fill the reservoir of africas largest down on the blue nile the 5000000000. 00 mega project is the centerpiece of ethiopias. Bed to become africas biggest power exporter egypt and sudan fear reduce Water Supplies downstream and didnt want the river dammed until they reach an agreement with ethiopia last month
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
It is still on. President trump insists a phase one trade agreement with china is fully intact. Peter navarro claims his earlier comments were taken out of context after suggesting the deal was over. The European Commission is more confrontational. E. U. Lash out at beijing over hong kongs autonomy, disinformation, and foreign investor meant foreign investment. We are in brussels. Hard times for softbank. The Company Sells part of its tmobile stake, creating 21 billion dollars to help offset record losses in its investment business. We will have the details for you briefly. Just under one hour away from the start of cash equity trading in europe. Lets take a look at futures this morning after we closed down yesterday in the u. S. And the u. S. Managed to eek out some gains. They are trading solidly higher. Dax futures are up. 6 percent. Ftse futures up about. 25 . What do you see on the gmm . Anna we have certainly been whipsawed by those comments by Peter Navarro on trade and the abil
But 1st we consider the future of globalization as the covert 19 Pandemic Forces a major everything. An unbridled quest for profit and untainted consumerism characterized much of the worlds economy. That is until the coronavirus hit. Theaters cinemas and bars was shuttered cities resembled ghost Towns National borders were closed fleets of planes grounded travel as good as ceased millions around the world may see their livelihoods destroyed as usual people in poverty who benefited the least from globalization of the hardest hit will the shock of the pandemic realign priorities or will we pick up where we left off. These old. Fashion globes in a berlin bookstore evoke a time before our planet was plunged into its Current Crisis a crisis that could well change our world in many ways. What might this mean for globalization and across continental cooperation. Weve asked for people for whom globalization and its discontents are major themes of their work globalization is not to blame for th
Loneliness, isolation could be more widespread and a bigger problem. Kennedy is here to give us her take. All that and so much more on making money. Charles stocks at session highs. Well the week is off to a monster start. It began overnight with jay powell saying that the fed has no limits in his 60 minutes interview about the economy, economies around the world doing well, opening up, including italy which i think is very symbolic. Not only stocks on the move. There has been major breakout in the price of crude oil. Then came that real positive news. We know that hundreds of companies are racing for a covid vaccine. While moderna says its initial results from a phase one trial have been very good. In fact they said the vaccine candidate, quote, has the potential to prevent covid19. The market has erased all last weeks losses. The question, what should you be doing . I want to bring in jeff saut and gibbs welt management president and cio, erin gibbs. Erin, let me start with you. This