The fed will probably raise the cost of borrowing faster. The bank of england has also given support to the idea that rates globally will rise. This end to so called cheap money will push up borrowing costs for companies and individuals, which can hurt corporate profits and curb economic activity. Also worrying investors is a government Budget Proposal announced by us lawmakers which raises spending caps and could fan inflation. With me is lena komileva, chief economist at g economics. Welcome, good morning. What is your view, was last week a blip or is this a sign of things to come . Hopefully the worst of the sell off is behind us. Lets not forget we have seen more than a 10 decline in major stock ti cats the start of the year which is restarted the year for every investor in the world, every world, every pensioner, every saver, anyone who has stocks or bonds or credit in their portfolio has seen in 2018 being rewritten but also the story of the last 17 and 20 months 01 so story of t
A trip like airplanes. Seventeen thousand kilometers in six weeks. Taking landscape. Can experience a. Touching story. This is our home gods country and her. Other better place seventy thousand kilometers through canada starting february twenty seventh. Latvia in damage control he added Corruption Authority launches an investigation of a bribery accusations against the Central Banks governor well the u. S. Accuses the nations third biggest lender of Money Laundering. Thailand enjoys its best Economic Growth in five years and the asian nations that military rule is. Getting a bright and indias ecommerce boom propagates a logistics nightmare for delivery men how some startups are using tech its tackle the challenges. And lets do business corruption authorities are investigating a top official of the European Central bank accused. Of bribery hes also governor of Latvia Central Bank the governments been meeting in an emergency session it has a lot on its plate or the baltic nations biggest
Norfolk police say theyre getting rid of all of their Police Community support officers and closing down seven police stations. Nissans production in japan nissans production injapan comes toa nissans production injapan comes to a screeching halt as it admits to production goblins. And the end of an era as the last card to be manufactured in australia rolls off the assembly line. Last car. Yet more trouble for corporate japan. Its second largest carmaker, nissan, says it plans to suspend Domestic Production of cars for its home market to probe more deeply into a certification scandal. Nissan was forced to hold a major recall after the firm admitted that uncertified technicians performed final checks on some car models. For more our correspondentjoins us from the newsroom. Can you sum up his son nissans latest problems. The newsroom. Can you sum up his son nissans latest problems. It seems to be going from bad to worse for corporate japan. We have been discussing this topic a lot lately
And hundreds of firms relocating. Catalonias independence vote is taking an economic toll, and the crisis is far from over. Plus, holden on no longer. Australia has just built its last ever car, as the countrys Auto Industry finally shuts up shop. We find out what caused the breakdown down under. Welcome to World Business report. Im rachel horne. In a moment, more revelations about nissans Quality Control scandal, amid claims that corners were being cut for the last two decades. We are also looking at the independence crisis in catalonia. The government says it will impose direct rule on the regional catalonia and suspend its autonomy following threats by the Catalan Leader to unilaterally declare independence. It has been escalating from a business perspective since that referendum on october 1st, and its already taking an economic toll. Let me show you some of the details catalonia accounts for around a fifth of spains economy, despite being home tojust16 of the population. Thats one
And are on the rise. And with the nissan scandaljust the latest set back to take the shine off japans manufacturing reputation, well assess the damage with our Asia Business correspondent Karishma Vaswani wholl also talk us through a big week for china. And as more than 100 cities bid to be the location of the new Amazon Headquarters, we want to know would you want the amazon hq near you and if so how would you sell your city . Just use the hashtag bbcbizlive. Hello and welcome to business live. We start in spain, a country battling to stay in one piece. As you have been hearing, the government says it will impose direct rule on the region of catalonia and suspend its autonomy over the weekend following threats by the Catalan Leader to unilaterally declare independence. The crisis has been escalating since catalans voted to break from spain in a referendum on 1st october. Now, despite the poll being declared illegal by the spanish court. It is already taking an economic toll. Catalonia