Strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. That weve seen over the past 25 yeas that weve seen over the past 2. 5 ears. ,. , , 2. 5 years. Other democrats used the downgrade 2. 5 years. Other democrats used the downgrade as 2. 5 years. Other democrats used the downgrade as an 2. 5 years. Other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. While Republicans Blamejoe Biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, Includingjp Morgan dismiss the downgrade, including Jp Morgan Chase ceo who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasurers, that is government ious, remain th
Have been killed, including a mother and her ten year old daughter. Almost 70 have been injured and around a dozen are trapped under rubble. It is a familiar yet still horrifying sight where you have a residential block with a chunk missing smoldering debris and rescue teams frantically trying to save who they can. And when you have wave after wave of missile strikes, there is always a place in ukraine that is the most acute, acutely hit, and it is the turn of kiev. But alongside this, ukraine is desperately trying to seize the initiative in its counteroffensive, which is coming up to two months old. The gains it has made have been modest and they have been intensely contested. We are seeing an increase in fighting. It is true to say that they are concentrating men and machinery, notably in the southeastern and eastern parts of the front line. But we are getting comments from the kremlin alleging that the counteroffensive is not going according to plan, in their words, saying that all
Michelle fleury has more. Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor
Out stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed Market Expectations for q2. That came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylinders. It turned in a strong Online Retail performance and registered higher sales at its Cloud Computing business. Revenue for the Second Quarter rose ii . Investors liked what they heard. Shares in the seattle based company, already up 50
The case of the gentleman we heard from in the Report Isjust the case of the gentleman we heard from in the report is just how much he was willing to share with us, that level of detail is rare to come across because most people in this situation dont want to talk to journalists about their experience. They find it very difficult to actually communicate with their families, how do they do it . That is an interesting point, why cant a uyghur in the uk picked up a phone and call his family . That is because uyghurs in china are under intense surveillance. They assume their calls and Text Messages will be monitored by the state. One expert told us if a call comes in from a Family Member overseas, they wont pick up because they fear communicating free like that will put them at risk in some way. They feel at risk and hugely isolated as well. Sir geofrey nice kc is chair of the Uyghur Tribunal and we can talk to him now. Iam sure i am sure you heard that response to the bbc from the Chinese