wednesday and attended the inauguration of a new bank in shanghai on the staples development bag has been set up by the brexit, brazil, russia, india, south africa, because, president lula said the new financial institution frees developing countries from established ones. our business reporter has more on the significance in the strip. the goal, in his own words, is to strengthen the relationship and at least when it comes to relationships ties are already significant. china is brazil s biggest export market, each year by intensive billions of dollars of natural resources and agricultural props including soybeans, iron ore, oil, and beef, while brazil, according to chinese state media is the biggest recipient of chinese investment in latin america. president lula da silva needs more of it if he is to boost brazil s stagnant economy. that s why the brazilian economy expects more than 20 bilateral agreements to be signed during his trip as part of the deputised of already agre
of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn t it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly 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. of course, the us like many major economies pursues an inflation target in the order of around 2%, so 5% is still a long way off that, and if we were to take out those impacts of the fuel and food prices, that would leave us with a figure called core inflation and, in fact, core inflation actually rose, particularly driven by increase in co
with the leaked us intelligence documents, and a new report about who the source of those lea ks may be. the files, you might remember, first appeared in a chatroom on the online platform, discord. the washington post says it s spoken to at least two members of that chatroom, one who says they re friends with the alleged leaker. here s the headline: leaker of us secret documents worked on military base, friend says . the article talks about the alleged leaker s motivation, throughout, he s referred to as 06. for all og s disdain for the federal government, the member said there was no indication that he was acting in what he thought was the public interest by exposing official secrets. with me now is shane harris, national security reporter from the washington post, one of the journalists who worked on the investigation. thank you very much forjoining us. what more can you tell us about this alleged liquor? us. what more can you tell us about this alleged liquor? we about t
should have been a positive but wall street was actually expecting the company to have added more paid membership. netflix lost more than 1 million subscribers in the first six months of 2022 and moving forward, the company has also warned of weaker growth in the months ahead. our north america business correspondent some hussein has the latest. last year, netflix reported not one but two quarters red lost customers. it was the first time the company has reported a loss in subscribers in ten years. these latest results show again for subscribers, thatis show again for subscribers, that is good, but it s actually much less than what investors were expecting. netflix had come up with a plan to try and crackdown on password sharing and it was meant to rule out in this first quarter but the company decided to hold back until the second quarter of the year. and to try and make up for lost subscribers last year, and netflix had created an and funded streaming service which was chea
expecting the company to have added more paid membership. netflix lost more than 1 million subscribers in the first six months of 2022 and moving forward, the company has also warned of weaker growth in the months ahead. our north america business correspondent samira hussain has the latest. last year, netflix reported not one but two quarters red lost customers. it was the first time the company has reported a loss in subscribers in ten years. these latest results show again in subscribers, and that is good, but it s actually much less than what investors were expecting. netflix had come up with a plan to try and crack down on password sharing and it was meant to rule out in this first quarter but the company decided to hold back until the second quarter of the year. and to try and make up for lost subscribers last year, netflix had created an ad funded streaming service which was cheaper but subscribers would need to sit through adverts. if the company thought left its woes