Technology paying for the least developed countries. Being the eastern most european and the western asia increases turkey specifically in all areas. With asia a new initiative we will give our relations a new dynamism in our current time when the pendulum of history is shifting again towards asia. We have also gained significant momentum in our relations with that with which we have humanitarian and historical ties connecting our close geographies. We plan to implement projects aimed at strengthening africas capacity at the 3rd Turkey African Union Partnership Summit that we intend to hold in turkey next year. So as i conclude my remarks i would like to say that our strong support for multilateralism will continue during this sensitive period we are passing it through so you really must of course keep our distance from the pandemic but we must also close ranks in our joint struggling cooperation against all the challenges that threaten the International Community so. We will continue
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o
Area from our exclusive tower cameras. Still smoky out there but without the eerie orange hue. And iq air just ranked San Francisco as the second worst in the world among major cities. Ill new video from downtown San Francisco showinthe smoke an haze. Despite that, some people got their walks in. We are tracking very up healthy air for the bay area. Please and to stay indoors if you can. Unhealthy air for redwood city. Unhealthy air for senttive groups to the south bay. Unhealthy air for fremont. You have been doling with very unhealthy air in San Francisco. Looking at very unhealthy air in sausalito up through larkspur. Very unhealthy air for petaluma as well as for santa rosa. This is just a live look with our Sales Force Tower camera. This is looking north. Hard to make out the Transamerica Pyramid because of all of that smoke. Yesterday, we had the smoke aloft up in the higher levels of the atmosphere. Now that are smoke is not just up in the higher levels of the atmosphere but dow
Things affect people we revisit me say even when there are no international headlines. Aljazeera really invest and thats a privilege. This is counting the cost on aljazeera your look at the world of business and economics this week as Oil Prices Slump economies shrink and austerity kicks in is this the end of the middle east oil rush also this week south africas unemployment hit a record high before the pandemic whats gone wrong for an economy that emerged from the 2008 financial crisis in a strong position. When you try to reinvent the wheel but turns out you may simply be the Worlds Largest taxi firm is this the end of the gig economy into fights and labor laws and courts around the world. The world economies are moving away from fossil fuels right now being an Oil Producing nation is a tricky proposition burning through money set aside for a rainy day and borrowing money from International Investors to make sure you can pay your bills its also a time many Big Oil Companies are think
The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi