without stifling growth. america s central bank has orally began to raise interest rates and is expected to move aggressively well into next year. of course, the us isn t the only country grappling with this issue right now. inflation is raising the cost of living around the world. it is raising the cost of living around the world. it certainly is. now around the world. it certainly is- now to around the world. it certainly is. now to china. around the world. it certainly is. now to china. it around the world. it certainly is. now to china. it has - is. now to china. it has reported its latest trade data. despite covid lockdowns and an ongoing trade war with the us, the world s second biggest economy still saw exports, in yuan terms, rise by 13.4% in the first three months of the year. trade with russia also rose by almost 30% during the same period that s likely to be unwelcome news to western nations, who have sought to cut moscow off from the global financial system after the
rices. , ., prices. many blame pain at the um -. prices. many blame pain at the pump- the prices. many blame pain at the pump- the price prices. many blame pain at the pump. the price of prices. many blame pain at the pump. the price of petrol - prices. many blame pain at the pump. the price of petrol hasl pump. the price of petrol has surged, following russia of s invasion of ukraine, but costs had been rising steadily even before, the result of supply chain issues, as the us emerged from the pandemic. to drive down fuel prices, the white house is allowing the sale of the gas that uses a higher ethanol blend over the summer. the sale of this e 15 fuel is usually banned in the warmer months because of air pollution concerns. president biden announced the waiver at an ethanol plant in iowa, as he attempted to get ahead of criticism that his administration wasn t doing enough to lower prices. the family budget, enough to lower prices. the family budget, the - enough to lower pric
and therefore demand for imports in china.- imports in china. so is it aaain imports in china. so is it again we imports in china. so is it again we have imports in china. so is it again we have to - imports in china. so is it again we have to watch | imports in china. so is it. again we have to watch the months ahead because the lockdown in shanghai is only quite recent, so it wouldn t necessarily be impacting this data as much as a word in the next quarter? next quarter? you are right, although next quarter? you are right, although there next quarter? you are right, although there were - next quarter? you are right, i although there were lockdowns in places like shenzhen earlier, and injullien province in north east china, so after chinese new year in march, we already saw some of the covert outbreaks pulse mac impacts in china first up there s one offsetting factor, which is that china has started growth support, a mini stimulus plan, let s call it, focusing on construction
this is bbc news with the latest business headlines for viewers in the uk and around the world. the cost of living continues to rise, as energy and food prices soar in the uk. we ll find out byjust how much when we get the latest inflation data in the coming hours. in the us, soaring petrol prices sends inflation to ao year high, as the war in ukraine sends shock waves across the global economy. covid lockdowns and a trade war with the us seemingly can t stop china s trade growth. the asian powerhouse saw a double digit increase in exports, and a huge rise in trade wirth russia. and a warning that the uk s travel problems could continue into summer, because the country s border force is reported to be catastrophically under staffed .
there have been violent protests in indonesia, where playboy has gone on sale for the first time. traditionalist muslim leaders have expressed disgust. the magazine s offices have been attacked and its editorial staff have gone into hiding. it was clear that paula s only contest was with the clock, and as for her sporting legacy, paula radcliffe s competitors will be chasing her new world best time for years to come. quite quietly, but quicker- and quicker, she seemed just to slide away under- the surface and disappear. this is bbc world news, the latest headlines: president biden has for the first time referred to russia s actions