of cheer on wall street: amazon shares soar as it racks up sales of $121 billion in the last three months. hello there. we start in the us, with fears of a recession in the world s biggest economy. in the world s biggest economy are rattling people. official figures out on thursday show it shrinking for the second quarter in a row. two quarters of negative growth are what many countries around the world would define as a recession. not so in the us, as we ll show you why in a minute. us gross domestic product declined at an annual rate ofjust under 1% between april and june. that comes after a steeper 1.6% decline in the first three months of the year. but that hasn t hit the labour market yet. us treasury secretary janet yellen said the economy is now at full employment with the unemployment ratejust 3.6%. meanwhile, prices for groceries, petrol and other basics are rising at the fastest pace since 1981. he s what president biden had to say. both chairman powell and many
and the return of the tiger why nepal kept its promise to double numbers in the last decade. live from our studio in singapore. this is bbc news. it s newsday. it s 7am in singapore, and 7 in the evening in washington where president joe biden spent more than 2 hours on the phone with his chinese counterpart, xijinping. the two leaders warned each other over taiwan which again emerged as a key point of tension. this time the tensions started because of a possible visit there by the us house speaker nancy pelosi. although the visit hasn t yet been confirmed mr biden told xijinping, that washington strongly opposed any unilateral moves that would change the island s status or undermine stability across the taiwan straits. president xi said: those who play with fire will only get burnt. joe biden responded to that with on taiwan. the us policy has not changed. so where does that leave us? well, with an assessment of that phone call here s the bbc s barbara plett usher i
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