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a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn t it? fit at the seems like relatively good doesn t it? of course. as we mentioned good doesn t it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing room in particular pointing to the fact that we ve seen the greatest reduction in the costs of gas as well as food and grocery expenses, things that are very important to american families. but the excitement should be tempered somewhat. up was the us like many major economies pursues an inflation target of 2% so 5% is still a long way off that and if we were to take out those impacts of the fuel and
UsOverChinaEscalationTaiwanRecessionThe-world-bankSignsEconomyInflation-slowingFearsPressure interview with bbc, elon musk, the owner of twitter, admitted he only went through with the purchase of the company because a judge was about force him to do so, that his takeover of twitter was painful and quite a rollercoaster, but that he would sell the company if the right person came along. musk purchased twitter for a whopping $41; billion, just over £35 billion pounds. just over £35 billion. he inherited a workforce of over 8,000 employee which he has defended cutting down to around 1,500, saying the company would have gone bankrupt otherwise. it s been just over a year since mr musk began his takeover of twitter. he purchased his first shares on 5 april, 2022, buying 9%. days later, musk submitted an offer to buy the whole company, above the current stock price. that was accepted on the 25th of april. in may, musk tweeted that the deal to buy twitter was temporarily on hold, he said because of the volume of fake accounts. twitter denied that and invited musk to a me
Sumi-somaskanda-in-washingtonTwitterElon-muskInterviewBbc-newsWayMistakesForjoe-bidenInflationUsCourseRate-hikes its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w
UsEconomyRecessionThe-world-bankUnprofessionalfor-changeSignsInflation-slowingFearsWorld-leadersLeadershipAnalysisInflation