It is time to catch up with all the Business News in World Business report. Stories. How does a country survive without big banknotes . Well find out when the Indian Government releases Economic Growth figures later today. And its almost like a game of hide and seek. Passengers involved in the disruptions of ba flights over the weekend desperately seeking their luggage, luggage. Hello and welcome to World Business report. Im susannah streeter. In a minute well take a snapshot of the chinese economy, but first, in a few hours time, the latest official statistics are expected to show that india has retained its crown as the Fastest Growing major economy in the world. Economists are predicting that india expanded at an annual rate of 7. 1 in the first three months of the year. Now, this compares with growth of 6. 9 for china. The resilience of the Indian Economy will come as welcome news to Prime Minister narendra modi, following the countrys landmark demonetisation programme. Towards the
As cabin crew prepare to strike, just weeks after an it crash that stranded thousands. Are cost cuts taking their toll on the Airlines Image . Plus, from the Sick Man Of Asia to one of the regions Fastest Growing economies. We report from the philippines, 20 years on from the Asian Financial crisis. Welcome to World Business report. Im rachel horne. We start with more problems for british airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most flights will operate as normal but it has cancelled a number of long haul departures to and from heathrow. Short haul and flights from other uk airports are unaffected. So whats it all about . The unite union says cabin crew who have taken industrial action over pay in the past have been blacklisted losing benefits like staff travel, concessions and bonuses. Ba estimates around 8 of its total cabin
The world. We will talk about that. What did draghi deliver yesterday . Investors continue to ponder the meaning of the word taper, we will bring you plenty of analysis, arent we, matt . Matt we can talk about it all morning long as far as i am concerned. Let us take a look at how futures are trading right now. A bit of a mixed trade here. Not much action but we did see a lot of action yesterday after that east the meeting. Big gains, especially here in germany. Not so much in england. We were still up, the ftse closed 0. 5 , but here we were almost 2 on the dax. His morning, a bit of a quite start. Watch. ll wait and maybe a busier session as we work our way through the day. Big position trades. That, european equities, solid session yesterday. The spanish market up by over 2 . Backs dax up by nearly 2 . The critical line for the dax more thane 11,000. A European Markets, solid performance. We got the yen a little softer versus the dollar. We go continue to monitor that. On the round
What is a more normal rate . Years. O motowns moving production north of the border. Who is in the drivers seat when it comes to the auto sector . Matt happy new year. I have not seen you since. Let us take a look at futures. We are up across the board. You can see the ftse futures are up about. 5 . We have gained more than a quarter of a percent over in. Aris on the cac and a third of a percent on the dac. Looks like a positive week were equities. Guy i think that could relate to what im about to show you on the gmm. The british pound is down by nearly a full percent. Johnsonferrohe cross rate. The dollar index up by 0. 2 . Keeping a firm i on what is happening with the potential candidates to replace janet yellen. I think that is coming on the a gender as we see a more hawkish stance being taken. We will talk about oil later. Firmly in focus. Here is the bloomberg first word news with juliette saly. Agreede mcdonalds has to sell 80 of its operations in china and hong kong to a Consor
Will open skies stay open under President Trump . Us Airline Bosses take their grievances to the white house today. Top of the list, their fast growing rivals from the gulf. Plus hail to the tweeter in chief. Could the president s love of twitter stop the rot for the struggling Social Network . Welcome to World Business report. Some of you are going, what is he doing, it isnt even friday . I will tell you what, give me a minute and i will give you a snapshot of the world of business and money. We start in washington, where the bosses of americas top airlines and airports are due to meet President Trump in the next few hours. There are some major issues on the table that could affect the global aviation industry. As we know from his inauguration speech, mr trump said he would follow two simple rules. Buy american and hire american. That could mean a major boost for boeing. If he leans on us airlines to buy from them. But its not as simple as that. European rival airbus also operates fac