Hi there. Thank you for being with us. We begin with some Breaking News from the brazilian city of belem, where leaders of eight South American countries which share the amazon have been meeting fora landmark summit. At the end of the talks they issued a joint declaration saying they have now established a new alliance aimed at preventing the amazon from reaching a point of no return. But leaders appear to have stopped short of pledging an end to deforestation by 2030, as brazils president lula, who is hosting the event, had hoped. Our South America Correspondent Katy Watson reports from para, which is the state with the highest Deforestation Rate in the country. Virgin forest still exists here in the amazon, but every day the illegal loggers get closer. From up high, you can see the damage done, the large patches of land totally cleared. This part of brazil has the highest rate of deforestation in the country. Underjair bolsonaro, Illegal Logging soared. President Lula Da Silva has pr
Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
Impact of these floods. The flooding so far in the month ofjuly is estimated to have cost around 25 billion usd. And of course the season for these sort of extreme weather events is not yet over. August and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as drought. Last year, china was also hit by a very severe drought. So what were seeing is increasing impact of Severe Weather events on china. And this is, of course, linked to rising temperatures globally. Climate change is very much linked to what were seeing at present in china and in recent years. And theres a lot of concerns that as Global Temperatures rise further towards that global target of one and a half degrees centigrade, that the impact and economic costs of these Severe Weather events will actually increase significantly further. So in your view, should there be more investment in infrastructure in order to prevent devastations that we saw . I think, given the expe
Hi there, thank you for being with us. We begin with some Breaking News from the brazilian city of belem, where leaders of eight South American countries which share the amazon have been meeting for a landmark summit. The leaders have issued a joint declaration, saying they have established a new alliance, aimed at preventing the amazon from reaching a point of no return. But leaders appear to have stopped short of pledging an end to deforestation by 2030, as brazils president lula, who is hosting the event, had hoped. Our South America Correspondent Katy Watson reports from para, which is the state with the highest Deforestation Rate in the country. Virgin forest still exists here in the amazon, but every day the illegal loggers get closer. From up high, you can see the damage done, the large patches of land totally cleared. This part of brazil has the highest rate of deforestation in the country. Underjair bolsonaro, Illegal Logging soared. President Lula Da Silva has promised to fix
Regional expert who explained the Economic Impact of those floods. ~ ,. , . ,. , floods. While youre flooding so far in the floods. While youre flooding so far in the month floods. While youre flooding so far in the month of floods. While youre flooding so far in the month ofjuly i floods. While youre flooding so far in the month ofjuly is| so far in the month ofjuly is estimated to have cost around 25 Billion Us Dollars then of course the season for these sorts of extreme weather events is not yet over. August and september historically have also often had Severe Weather events, such as typhoons and floods, as well as drought last year china was also hit with a very severe drought. So what we are seeing is increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we have seen at present in china and in recent years and there are a lot of concerns that as Global Temperatures rise furthe