Room with western leaders talking about that. And today at a press Conference Ahead of those discussions between president erdogan and putin, the two of them in front of the cameras laughing and smiling before they sat down to sort of lay out the agenda for the day. So certainly president erdogan will be hoping he can come to some sort of an agreement, some sort of breakthrough, some sort of way to get russia back on board with renewing this grain deal because as we have seen, it has been crucial to the Global Community to getting food where it needs to go, for providing security for farmers across ukraine, that there are buyers out there that can get the crops they need. That their Storage Facilities have room for the new crop coming in, it is how the season now, so a lot of questions about what will happen. The two sides seem fairly optimistic, the turkish side seems optimistic, the turkish side seems optimistic they can come home for a with the deal. Global Food Security is one the
Hour as yourfriend. We will stand with you in solidarity, we will stand with your people. This is not merely our battle. Its batlle of entire civilized world. Aid agencies warn gaza is in need of far more aid than promised so far. The un humanitarian chief says, about 100 lorries will be required every day. Frustration as trucks loaded with supplies remain stuck at the Border Crossing point with eygpt. The families of some of the hostages make another appeal. Israels military says 203 people are now thought to have been taken by hamas. They are innocent civilians, innocent they are innocent civilians, innocent children, in hard conditions, they need to be released, and released now. More on all of that in a moment or two, but first, lets catch up with the Business News of the day. Good afternoon, lukwesa. Thank you, matthew. We start in the us where the head of the central bank, is due to speak in the next hour and markets will be the next hour and markets will be hanging on every word
Streaming in. Netflix signs up 9 million streaming in. Netflix signs up 9 million new subscribers as a crackdown on Password Sharing pays off. And passengers get a peek at the fastest train in southeast asia, we take a ride on indonesias new High Speed Railway, funded by china. Hello and welcome to World Business report, i am hello and welcome to World Business report, iam lukwesa barack, and we are going to start in the United States where netflix shares have been searching after the streaming giant said that it had signed up almost 9 million new subscribers in the three months to september. That is way more than expected and the best quarterlyjump since the early days of the pandemic, when we were all stuck at home. So what exactly is going on . It is mostly down to a crackdown on people sharing those passwords, and netflix is now putting up prices in several of its markets. Lets discuss this further with Michelle Fleury who joins us from new york. It is always lovely to see you. So
The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season
Welcome to Southern Israel. We are less than a mile from the border with gaza. In the last few minutes three more rockets fired by hamas have landed not far from here. Throughout the day we could hear and see israels in doing attacks against Northern Gaza. Continuing attacks. You can see the city where many of the residents have fled south, fleeing israeli air strikes where the attack still continue. In the latest and diplomatic development, joe biden has confirmed he will arrive in israel tomorrow to hear first hand from the israelis about their plans for an expected Ground Invasion. It follows the attacks ten days ago here in Southern Israel by hamas which killed 1300 israelis, including other nationalities. Hamas is an organisation designated as a Terrorist Group by many western governments, including the united kingdom. 0vernight local officials in gaza say they were more israeli air strikes, in gaza say they were more israeli airstrikes, more in gaza say they were more israeli air