Sale. Toyota beats Second Quarter estimates in the u. S. The hour is in and the truce in gaza continues to hold as israel removes its troops from the strip. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. Were expecting the composite services pmi out of the eurozone this morning. Weve had the individual ones. Its coming at 54. 2. It was forecast at 54. 4, so its a touch weaker than specd. It does fall on the Italian Services pmi. That is from 52. 9 back in june. Theyre pretty much in line as expected. 50. 4 in the last ten minutes or so. Arrived from last months 54. 2. 56. 7 versus 56. 4 in june. Were around 20 points lower, not much of a reaction, but a touch weaker on that. Lets give you a look at what else is on todays show. India says it has to bring down inflation, but the question is how. Were live in mumbai to discuss how they do that. Plus we ask how companies are doing with the flux in prices. Also,
Models, designers and powerbrokers turnout for the British Fashion awards. Welcome to countdown. It is 6 00 here in london on Tuesday Morning and a very good morning to you all. The man who could be the chancellor has been drawing up his economic battle lines. The u. K. Opposition finance spokesman told Francine Lacqua a referendum on britains membership of the eu would be a risk and that britain needs to stay in the European Union. That our economy is growing in a strong and Sustainable Way and to do that we need to stay a member of the European Union and europe has to reform. The walk away from the largest Single Market would be a disaster for british jobs and investments but we also have to win the argument of the public in europe and in open Trading Company can deliver for their company budgets. Moment have at the seen that our economy is not working for open people. What are the chances of the u. K. Leaving the eu . It is a real risk, if you have a conservative government in 2015
But the bond market was plunging this week. And theres been some geopolitical concerns and moving to the sidelines. Well hold up here. Gold Holding Around 1,300 an ounce. Sam walsh of rio tinto is here exclusively. Well find out where he thinks the price of gold iron ore and those metals are going and what it means for the economy. Another bad day for General Motors. The government has imposed a 35 million fine on the automaker for his handling of the ignition switch flaw that caused certain models to lose power without notice. Now our phil lebeau will join us with the story. The incredible video of phil in up of those gm cars when it actually loses power. Its amazing and frightening. Youll get to sort of be in the drivers seat when this happens. And if youre wondering why 35 million. Its apparently the most the government could levee of on General Motors. Well talk about this piece of the story as well. Where we stand in the markets heading to the final hour. The dow is up about 33 po
A time when markets are inter moral, surging inflation and recession worry. Wagon effects raise over 9000000000 euros from the sale of portion shares. Alright, lets come over to frankfurt. And our correspondent actually respond a has been following this market debut, of course, or today after theyve been questions about the timing of this i p. O. After all Financial Markets have been in turmoil speakers. Thats right. Thats been the big question in that. And of the, the ip your why now, why in the middle of a, such a difficult dimes in the middle of an energy crisis. And there is, of course, the recession looming, inflation is soaring at this. And at the same time, the Interest Rates are going up with centered banks raising the Interest Rates. So its been a big question, but its certainly a bold move by folks bargain, and you can see it. Why behind me theres been these crowds thronging to see the cars behind me, porsha cars. They have certain brand recognition. Theyve been extremely pop
These provocative actions are a significant escalation. The u. S. Secretary of state calls beijings drills and the Taiwan Strait. Disproportionate and unjustified, and says they threatened to destabilize the entire region. China suspends climate talks and counsels defense meetings with the us following house speaker, nancy policies visit to taiwan clubs of rahman youre watching on their life. My headquarters here in to hall also coming up crowds gathering in the major square outside the rocky parliament. As a political deadlock deepens, will be live in baghdad and record heat and a prolonged dry spell. Rise is rays face about the future of Water Supplies from british farmers. Ah. Welcome to the w, a secretary at Saint Anthony blink and has condemned chinas military exercises in the Taiwan Straits, calling them a major escalation. The drills are in response to u. S. House Speaker Nancy Pelosi visit to taiwan this week, which is angered beijing speaking at a summit of Southeast Asian For