and smashed, but not trashed. why more of us are fixing rather than replacing our damaged devices. we ll be getting a masterclass in gadget repair. hello. let s return to our top story it s exactly a year ago today that russia launched its full scale invasion of ukraine, beginning europe s biggest conflict since world war ii. tens of thousands killed on both sides, and an estimated 13 million people displaced from their homes or made refugees abroad. the economic impact has been global with soaring energy and food prices fuelling a cost of living crisis around the world. for russia, sanctions and growing isolation from internationalfinance. more on that in a moment. and for ukraine itself a struggle to stave off economic collapse. unfortunately, the damage done by russian aggression for ukraine is tremendous. last year, we lost particularly more than 30% of our gdp. we suffered a lot. we lost part of our territory. but we are still capable, we re still able and we still c
Six thousand jobs. This is business a. Welcome the trumpet ministration has today raised duties on two hundred billion dollars worth of chinese imports from ten to twenty five percent will retaliate meanwhile trade delegations of both countries are in talks in washington that are being described as tense. The chance of a breakdown of the talks significantly increased now will bring in our correspondent in washington for the latest and have a look at how markets are taking its but first this report for. It would prove to be an uphill climb for the chinese negotiators as talks resumed in washington just hours before new u. S. Tariffs went into effect chinas vice premier rejected the u. S. Is rationale for the new duties its accusations that beijing had reneged on several points of agreement. Ive come here in good faith i want a reasonable and a Frank Exchange of opinion with the u. S. Side china believes in further tariffs is not a good way to solve our problems so its not good for china
on the first anniversary of russia s invasion of ukraine, president zelensky welcomes a un vote calling for the immediate and unconditional withdrawal of russian troops. in los angeles, the disgraced hollywood film mogul harvey weinstein has been sentenced to a futher16 years in prison for rape on top of the 23 year sentence he is already serving. let s talk about the impact the ukraine and russia will have had on the global economy and bringing the chief market analyst at cmc markets in london. where do we start with this? let s start with the impact on the real economy. has
capital goods and those are not bored if there s too much uncertainty and clearly they have a lot of weakness in the autumn out of space and their weakness in china is also not helping. all right and then to buy stock in frankfurt and michael houston there in london thank you both very much for your insights thank you. you re watching news still to come what lengths would you go to make a point about climate change back to the spread of twin bridges hitching a ride on this boat to get to new york to find out why. but 1st india is marking the anniversary of its independence from britain in 1947 the days observed as a national holiday across the country with parades and cultural programs at the main event in delhi prime minister narendra modi delivered a speech in which he defended his controversial decision to remove the special rights of the disputed kashmir region he said kushner s previous status field corruption and separatism the also announced the creation of
rights the protesters also called attention to the struggles of rural workers it is the 3rd anti-government protest in the city in 2 days. stock markets around the globe are dropping amid signs of a looming recession the sharp selloff follows the release of poor economic data from germany and china and a key u.s. benchmarks also signaling more trouble ahead on wednesday the dow jones industrial average suffered its worst day of the year so far closing 3 percent down for european equities should more than 2 percent markets to look at this calmer today. let s get rid the very latest on the story we have michael hewson the chief market analyst for c.m.c. markets in london and our financial correspondent and then to buy stock in frankfurt good to see you both anetta let s start with you let s get the very latest what is the picture there in frankfurt this morning. well actually after a sort of stable start to the trading session we now see losses of up to one