Hello and welcome. We start with an apology from americas top Infectious Diseases expert Dr Anthony Fauci after he criticised uk regulators over their rapid approval of a new coronavirus vaccine. Britain on wednesday became the first country in the world to approve the Pfizer Biontech vaccine for mass use. Speaking earlier to cbs, dr fauci said the uk was not as rigorous as the us in its vaccine approval process. But when he spoke to my colleagues earlier on this channel, dr fauci backtracked. The point i was really trying to make, i did not make it well, which is why i welcome to the opportunity to get on your show and say it came out wrong. In the United States, there is such a considerable amount of tension of pushing back on the credibility of the safety and efficacy that if we in the United States had done it as quickly as the uk did it, and thats no judgement on the way uk did it, and even though my statement did come across looking that way, if we had a, for example, approved it
Talks to secure a trade deal between the uk and the European Union are resuming later on monday. They broke up last night with the trickiest areas of disagreement like fishing richts, Competition Rules and enforcement of the deal remaining unresolved. If theres going to be a deal, it needs to be done by december 31st. Our Political Correspondent chris mason reports. Last night in brussels, the lights on, the talks ongoing. Huge amount at stake. It is serious. Its at 50 50 right now and i dont think one can be optimistic about resolution emerging. Speaking to some of the key principles here, this isa the key principles here, this is a very challenging issue to resolve, and particularly around the level playing field. There are three main sticking point, the so called level playing field, how any deal is enforced and fishing rights. Eu sources suggest a deal on fish is close. The british sources say it isnt. It seems the two sides cant even agree on what they disagree on. After todays ne
and the us is pausing the approval of exports from new liquefied natural gas projects. we find out why. hello, everybody, welcome to the road business report. give me about 30 minutes and i will try to give you a fascinating snapshot of the world of business and money. welcome to the world business report. the uk has suspended free trade talks with canada, after nearly two years of negotiations. the british government had been trying to extend temporary arrangements put in place after brexit, but disputes about agricultural exports couldn t be overcome. it marks the first time the uk has formally suspended talks with a trade partner since formally leaving the eu trading regime in 2021. lets get more on this with the directorate general of the international trade. just for those who haven t been keeping up with this, why has the uk walked away? 50 with this, why has the uk walked awa ? ., . ., away? so once the uk had left the eu, there away? so once the uk had left the eu.
of 3.3% in the last three months of 2023 much stronger than expected. that s raised hopes that the us federal reserve might have achieved a soft landing getting inflation under control by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren t the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re election. he s been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here s michelle fleury. for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year, the american economy grew faster than expected, expanding at an annual rate of 3.3% while inflation fell. growth for th