this currency expert from one of the world s biggest banks tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over th
tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over the world. politicians and central bankers everywhere are fre
If the conflict spreads to other parts of the region especially iran, it could immediately impact well prices because even though iran has been under sections for the last two years it has pumped well quietly and provided them to customers across the globe. The white house has turned a blind eye especially with the last year or two because its been trying to smooth relationships between iran and the western world. Now if the white house enforces the sanction that means the supplier from sanction that means the supplierfrom iran could be cut off and comes at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, also part of 0pec , have been reducing Oil Production by 1. 3 alien Barrels Per Day and will keep doing it until the end of the year. There is a good chanceit the year. There is a good chance it could continue into next year as well so if this happens and they will be a where there will be less oil supply, wh
0k, time, now, for World Business report, with rachel. Up or down . After the disappointing Growth Outlook the uk received from the imf last week, today we get some real numbers for the british economy. And, after emmissionsgate is a new Scandal Brewing or vw . If so this time its not alone, all the main german car makers are accused of having operated a cartel. But did they . Welcome to World Business report. Im rachel horne. Also in the programme will nintendo continue its comeback . Sharanjit will tell us what to expect from the gamemakers upcoming results. But first, later this morning the uk will unveil its latest Growth Numbers for the three months to the end ofjune. Earlier this week, the International Monetary fund warned that weaker Economic Activity means both the us and uk will expand more slowly than expected this year. However, in the numbers due out this morning, economists are expecting the uks growth rate will have risen slightly in the last three months to 0. 3 . Follo
Retailers which is trying to break into some of asias biggest markets. Bland and boring, today we want to know, whats the best named town youve ever visited. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. In just under an hour, the uk will unveil its latest Growth Numbers for the three months to the end ofjune. Earlier this week the International Monetary fund warned that weaker Economic Activity means both the us and uk will expand more slowly than expected this year. However, in the numbers due out this morning, economists are expecting the uks growth rate will have risen slightly in the last three months to 0. 3 . It was 0. 2 in the first quarter. Following the brexit vote, the pound fell. This put pressure on prices and last month inflation stayed above the bank of englands 2 target rate. And higher prices partly from Imported Goods are having an impact on Consumer Spending. Now according to visa Household Expenditure fell 0. 3 last month the lowest figure in