A short time ago my colleague Sally Bundock spoke to a board member of the future Investment Initiative, matteo renzi, who was also Prime Minister of italy. He told her what the initiative is all about. Future Investment Initiative tried to offer a platform of dialogue, particularly in business and correctly you explained the quality. One point, european. 400 ceos from europe as well as china, discussing here the initiative that became one of the most attractive and brilliant possibilities of exchange. Last time was in the army the next time will be in hong kong but this is the pillar of the initiative of f at the same time, there are a lot of tensions in the economy so we need a new campus is the new title of this initiative. A new campus to understand what would be best for business and politics. Light to what extent is whats happening in israel and gaza are overshadowing this event now . I believe that everything thats happened in the last two years on the border is an unbelievable
And well be looking ahead to the Eurovision Song Contest with a Special Report from the host city malmo. Live from london this is Business Today im lukwesa burak. Later this morning the uks First Quarter growth figures will be published. The uk economy grew slightly in february increasing hopes it is on its way out of recession, just. The economy grew by 0. 1 boosted by production and manufacturing in areas such as the car industry. On thursday, the Bank Of England boss said the Monetary Policy committee needs to see more evidence that price rises have slowed before cutting Interest Rates. Governor Andrew Bailey said, he was optimistic that things are moving in the right direction as rates were held at 5. 25 . I think it is. I am encouraged by all of this. Very encouraged that again we have to achieve an Inflation Target that is sustainable. That is ourjob and what we do. The news is encouraging. And what we do. The news is encouraging and what we do. The news is encouraging. Clearly y
Benjamin netanyahu has said he hopes to overcome his differences Withjoe Biden but vowed to press ahead with a Military Assault on rafah. Mr netanyahu was speaking to us media after President Biden confirmed that the us had withheld a delivery of munitions and could halt more shipments if Israeli Forces attack hamas in rafah, a densely populated city in the gaza strip. Mr netanyahu said israel had to defeat hamas in rafah. Paul adams sent this report from jerusalem. Haitham is trapped. After three operations for a bullet wound that punctured his lung, he needs treatment abroad. All set to leave until israel captured and closed the rafah crossing. Forced to wait in a tent. I feel helpless, he says. The world is powerless to open the border. The hospitals here can no longer help me. Just when rafah s need is greatest, its main hospital lies silent and abandoned, hastily evacuated in the face of israels sudden advance, now dangerously close to the front line. Israel insists its operation
in the country s faltering property sector. that means that china s credit rating is at risk of a downgrade. the government in beijing is rumoured to be considering providing more financial support for property developers including evergrande and country garden which are both billions of dollars in debt. earlier i spoke to janet mui, head of market analysis at rbc brewin dolphin. i asked her whether this suggests things are getting worse for the world s second largest economy? this is a reminder of what investors already know which is a slowing economy and a downturn in the property sector, and the government is going back to the old way, they want to reduce debt in this estimate but it is proving to be very difficult, so the stimulus measures are what is worrying moody s. they think it will raise the debt level in the economy. so, it isjust a reminder. it does not change too much what investors already think about china. a lot of people said beijing should have done more
chris mason has broken down the highlights of the debate. is tonight the night you can turn things around, prime minister? the big question for rishi sunak. the polls aren t budging. could this be the moment for a game changer? and here s the guy who wants hisjob. is tonight the night you seal the deal? pleasantries, smiles and you can bet for both of them a bag of nerves. the debate under way, and the biggest topic of our time, the cost of living, set out by paula from huddersfield in the studio audience. my savings are gone and i m genuinely. worried about my future. i don t think you understand . how this is for people like me. so what can you do about that? both men expressed sympathy, and then the argument began. of course i know everyone is onlyjust starting to feel the benefits of it, but inflation is back to normal, wages are growing, taxes are now being cut. keir starmer would put all that progress at risk. he would put up everyone s taxes by £2,000. keir starme