the 0.75% increase is an attempt by the federal reserve to combat surging inflation. rising prices are continuing to hit president biden s poll ratings. now on bbc news: talking business with aaron heslehurst. hello. let us take a look at what is on the show. the global economy is facing multiple crises, from supply chain chaos, war in europe, and potentialfamine. can this so called poly crisis be taken on by the wto, the world trade organization, as global trade ministers meet face to face for the first time since the pandemic and the war in ukraine? i am going to be discussing all of this with these two. there they are. the boss of the world trade organization, as well as a former wto judge from china. and what does this mean for a business where trade is everything? i will be speaking with the boss of one of the biggest shipping and freight companies to find out how they are navigating through these choppy waters. whrnever you arejoining me from around the world, hello, we
what s that done? supply chain has been tough. we still have a lot of land aside bottlenecks. many of you will be aware we are still getting delays because of that back up from land side coming to 0ceanside. ships are running fine on the ocean side, we can carry things, we just cannot get them through the ports. changing gears and talking about that russia invasion, february, march this year, overall, russia, ukraine is 1 2% of global container business, not that significant in terms of overall supply chain. of course, very significant in terms of the citizens and businesses in russia and ukraine. we had to move very quickly for two reasons. 0ne, first of all, operationally we were having difficulty moving our ships into russian waters,