This is the bus the one business show you cant afford to miss im sorry monteith theyre going to washington coming up president ial candidates joe biden and donald trump take the stage one last time before the election will discuss their plans and what it could mean for you at home with our teeth and claws we released its latest mobile device but it may be the last one for a while thats because u. S. Sanctions have the chinese Film Producer in chip french we have a lot to get. A big day for the u. K. And brags that as the country signed its 1st large post bags that agreement with japan Japanese Foreign minister said it is paramount to maintain the supply chain. In between the u. K. And the e. U. While British International trade secretary list truss called the agreement a landmark stating it is to be in the land of the rising sun to welcome in the dawn of a new era of free trade this is the 1st new free trade deal to be agreed since the u. K. Once again became an independent trading nat
This is your weekly Global Market walk where were starting in russia where the molex is up this week Russia Central Bank kept rates at 4. 25 percent as it doesnt see a need for special intervention at this time the ruble strengthened against the dollar at weeks close moving to asian markets the shanghai composite is in the red losing more than one percent on friday alone it declined earlier week on news that g. D. P. Grew by 4. 9 percent in the 3rd quarter year over year compared to the expected 5. 2 percent in hong kong the hong saying is in the green for the 4th straight week up about half a percent on friday while companies petro china and seen opec really help those gains in japan were seeing another red arrow here the government says the economy remains an 8th of. Dear situation this is obviously due to the pandemic but its showing some signs of growth in india the sun sex is up on the week its showing some pretty strong earnings 7 of the 14 nifty 50 Companies Reported Higher Expe
A lot to get to solicit for. A big day for the u. K. And brags that as the country signed its 1st large post brags that agreement with japan Japanese Foreign minister said it is paramount to maintain the supply chain between the u. K. And the e. U. While British International trade secretary list trust called the agreement a landmark stating it is to be in the land of the rising sun to welcome in the dawn of a new era of free trade this is the 1st new free trade deal to be agreed since the u. K. Once again became an independent trading nation the deal is estimated to boost British Trade with japan by 15000000000 pound japan already exports 1. 5 trillion yen of goods to the u. K. Including auto auto parts and other machinery it imports nearly one trillion yen from britain mostly Pharmaceuticals Medical products and cars the deal will take effect on january 1st 2021 and the u. K. Is also working on agreements with the u. S. Australia and india as well as other potential trading partners.
Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
Good morning. This hearing of the subcommittee on readiness and management will come to order. Subcommittee meets today to receive testimony from undersecretary defense for acquisition and sustainment, ellen lord concerning supply chain integrity fourth apartment of defense in the United States. Since her initial confirmation as the under secretary of defense secretary lord has oversensitive give acquisition reform at the department of defense and i am sure we will talk about some of that today. As the u. S. National armament director she has traveled to see the u. S. Throughout the u. S. And the to see our allies and partners with regards to the development and Manufacturing Activities around the world and unfortunately has seen how reliant the u. S. Defense Industrial Base chain has become particularly as it relates to china. With the rise of china and Great Power Competition and the Global Pandemic the vulnerabilities and gaps in our supply chain particularly as it relates to the Na