The uk government says it will strengthen the regional test and trace system as it cuts 6000 contact tracers in england by the end of the month. Lebanons president has asked the countrys government to stay on temporarily after all its ministers resigned amid mounting anger over last weeks massive explosion that devastated parts of beirut. Excuse me. Oh. This was the moment President Trump was led away from a live news briefing by Security Officials after an armed man was shot close to the white house. Hello and welcome if you re watching in the uk or around the world 7 and stay with us for the latest news and analysis from here and across the globe. Employment in the uk has seen the largest fall in over a decade as the coronavirus pandemic hits the jobs market. Thats according to new figures for april tojune from the office for national statistics. Responding to the figures, chancellor rishi sunak said hes always been clear, that he is unable to protect every job affected by coronaviru
deal promised in the wake of brexiter. in its place, a commitment to co operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach is a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other s countries work in each other s countries work in each other s companies. we are the largest investors in each other s countries. and that trade is growing as something like 20% last year. as part of the atlantic declaration, president biden pledged to give uk exporters access to critical minerals needed for electric car batteries. similar to an agreement of the us made with japan. there is no reason why great britain will not play a major role in not only critical material but in investing in united states of america and
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the wake of brexiter. in its place, a commitment to co operate on defence, trade, a deal on data protection and ways to regulate new ai technology. the uk prime minister hailed this approach as a better response to the challenges the two countries face. the economic relationship between our two countries has never been stronger. the trade is worth hundreds of billions of pounds, dollars, a year. over a million of our citizens in each other s countries work in each other s companies. in each other s countries. and that trade is growing as something like 20% last year. as part of the atlantic declaration, president biden pledged to give uk exporters access to critical minerals needed for electric car batteries. similar to an agreement the us made with japan. there is no reason why great britain will not play a major role in not only critical material but in investing in united states of america and all of our initiatives relating to the need for critical materials, including ba
but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can change