global markets are eagerly waiting for the latest us inflation numbers and whether they will give any indication the rate has peaked. last week there was unexpectedly strong us jobs data which added to expectations the world s biggest economy is able to withstand a sharp interest rate rise by the federal reserve. but if inflation continues to soar it could change the likelihood of an aggressive big hike by the central bank. here s our north america business correspondent michelle fleury. after yea rs of no after years of no or at least hardly any inflation in the us, the past 12 months have seen consumer prices bugging sharply. the annual headline rate was 9.1%, the highest level for a0 years. economies expect the rate to call slightly to 8.7%. if that is the case that was ignored some welcome relief for us consumers and there are signs that americans do not expect inflation to continue at these levels for long. in addition, congress is about to pass the inflation reduction a
Newsday. Glad you could join us. It is 7am in singapore, midnight in london and 7pm in washington, dc, where the administration has given new details about its plans on how to deal with north korea. The Us State Department said the president aims to put pressure on pyongyang to dismantle its nuclear and lipstick programmes. In an unusual move, all us senators we re in an unusual move, all us senators were given a classified briefing on the strategy. Ballistic missile programmes. One us senator called the briefing sobering. This isnt for real but it looks terrifyingly like it. A Live Fire Exercise conducted by 2000 us and south korean troops, just miles from the north korean border at a time of extraordinary tension. Its a show of force, and a show of unity. A Military Exercise with an unmistakable message to the souths unpredictable northern neighbour we want peace, but we are ready for all eventualities. In washington this morning, the head of us Pacific Command put it like this. As P
Newsday. Glad you could join us. It is 7am in singapore, midnight in london and 7pm in washington, dc, where the administration has given new details about its plans on how to deal with north korea. The Us State Department said the president aims to put pressure on pyongyang to dismantle its nuclear and lipstick programmes. In an unusual move, all us senators we re in an unusual move, all us senators were given a classified briefing on the strategy. Ballistic missile programmes. One us senator called the briefing sobering. This isnt for real but it looks terrifyingly like it. A Live Fire Exercise conducted by 2000 us and south korean troops, just miles from the north korean border at a time of extraordinary tension. Its a show of force, and a show of unity. A Military Exercise with an unmistakable message to the souths unpredictable northern neighbour we want peace, but we are ready for all eventualities. In washington this morning, the head of us Pacific Command put it like this. As P
President is in brussels meeting with key leaders from the European Union but will the worlds two most powerful Trading Blocks reach a deal . The American Food giant, kraft heinz, walks away from its proposed merger deal with rival unilever. It would have been the largest merger ever. Welcome to World Business report. Im sally bundock. Also in the programme, a nose for talent. Indias Perfume Industry takes on a unique hiring approach. But first the us Vice President mike pence meets the president of the European Council donald tusk in brussels this morning. They will try to mend fences after throwing rhetorical Fire Crackers at each other in recent weeks. While mr tusk described trump as a threat to europe, mr trump has praised the uks decision to leave the union and angered many nations with his travel ban. Between them the us and the European Union are the worlds two biggest Trading Blocs figures from 2014 puts the value of all goods and services traded between them worth over one tr
is germany ready to do that coal from is germany ready to do that coalfrom russia? coal from russia? good coalfrom russia? good morning from berlin, yes, we are ready for that switch from russian coal to other sources. we have the view that russian coal can be replaced. replaced with what? we are replacing it predominantly web coal from the united states, south africa, australia, colombia and indonesia. how does it work practically, because to get into germany, using ports and etc, is that tricky issue? of course, you need more of a of course, you need more of a plan, of course the shipping