comes after a meeting between the taiwanese president and the us house speaker kevin mccarthy in california last week. tensions, as international monetary formed fund has warned of severe weakness in the global economy in the next half decade. the says it outlook for global economic growth the next five years is the weakest. i spoke to our correspondent earlier, the chief executive at xm australia and he told me situations like this are where they look to rebalance portfolios.- this are where they look to rebalance portfolios. look at the escalation rebalance portfolios. look at the escalation they - rebalance portfolios. look at the escalation they look - rebalance portfolios. look at the escalation they look at i the escalation they look at rhetoric they look at market interpretation as far as news and they sit there and they say, are there opportunities? are there sectors of the market to be removed from or other markets that need to be looking stronger out. the gold
and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
hotel and other accommodation in the local town, we have an advantage, we provide transport ourselves to bring people from furnace, boston, dog, we have three minibuses that constantly back and forwards from seven o clock in the morning to midnight, the cost for that to us as a business is £120,000. the hospitality industry calling for short term immigration reform is to allow businesses to fill roles from overseas, howeverthe overseas, however the government wants overseas, howeverthe government wants employers to invest in making jobs more attractive to the domestic workforce. attractive to the domestic workforce- workforce. our complete package. workforce. our complete package. we workforce. our complete package, we looked - workforce. our complete package, we looked at i workforce. our complete package, we looked at it| workforce. our complete - package, we looked at it and introduced 50% discount long service and appreciation awards, star parties. that is in the short awar
minibuses that constantly go backwards and forwards from the morning backwards and forwards from the morning right through to midnight. the cost annually for that to midnight. the cost annually for that to us midnight. the cost annually for that to us is around £120,000. the hospitality industry is calling for short term immigration reform to allow businesses to fill roles from overseas. howeverthe overseas. however the government once overseas. howeverthe government once employees to invest in making jobs more attractive to the domestic workforce will stop we are locked out of a package with rewards in the event we have all kinds of rewards. so that is all in the short term and keeping people in the company. that is where our development comes in and rather than spending a lot of money on entry level, we train as a team up. so we have the tools to develop a career in our industry. develop a career in our industry- develop a career in our indust . ., ., ., , industry. for he