A scathing report showing the scale of mishandled covert 900. 00 funds in south africa well look at that and other countries facing similar criticism. And a quarter of a century after the bay went online we will see how its founder is now backing efforts to rein in and even break up the tech giants and sport contracting fortunes for the top seats at the u. S. South then that job which is through round 3 but carol this comeback has been knocked out. To months out from the u. S. President ial election and donald trump is again sowing doubts about mail in ballots he has suggested people tried voting twice in november as a way to test the anti fraud efforts also speaking on another big election issue trumps threaten to cut funding from the cities he accuses of allowing violence and he will start with the supporters from the housing. In the battleground state of North Carolina every vote counts but donald trump said voters should be concerned about Election Fraud and should try to vote twic
Chinas factory deflation deepens in may with Producer Prices falling the fastest in over four years. A surpriseower in jump of u. S. Inventory. Manus its just gone 6 00 a. M. In london. It is seven in frankfurt. The seat of the latest breaking news story about banking. Capital. Erberus a five page letter. This is the language that is being used. You got the same story in front of you. An abject failure to take appropriate actions and the refusal of management and the Supervisory Board to acknowledge the seriousness of the situation. Good morning. Nejra good morning. Exactly. Basically, the letter talks about commerzbank suffering from leadership, lax resolve to slash a bloated cost base. This is according to bloomberg news. That raises the possibility of a shareholder revolt if the bank refuses to appoint its representative. This demand is likely to be a topic of the Supervisory Board meeting wednesday according to a person familiar. What else has caught your eye in terms of what we le
And even bigger move at the front end of the italian, and the euro as well bouncing. Up by another 1 . Basically is really intensifying its response to the covid19 crisis and the Economic Impact that it is having on the global economy. Christine lagarde delivering that 600 billion and extending the benefits put forward by the governing council over the last few weeks, making them last a little bit longer. Lets listen to what she has to say. We judged that it was necessary to increase the price and i can assure you that there view and theus governing council that action had to be taken. In the face of that inflation outlook, and given our mandated price ability, action had to be taken. How big a day was it for europe . That ecb decision and Angela Merkel, bob diamond, Capital Funding partner and ceo, joining us now. What do you make of what Christine Lagarde has done, what do you make of what Angela Merkel has done . How big of an impact will it have on the european economy . Fromch a s
Says his forces will stop fighting during the holy month of ramadan. Brazils Supreme Court blocks president also as choice of a family friend for the new police chief. Welcome to the program the u. S. Economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and theres concerns a crisis caused by the coronavirus pandemic is only going to worsen she have returns he reports. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an idealized rate of 7. 6 percent the. Largest drop since 980. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far higher than these numbers are for a quarter in which the economic locked down only accounted for a few weeks 2nd quarter g. D. P. Figures for april to june a projected to
The Syrian Government is blocking medical supplies to the countrys northeast. Welcome to the program the u. S. Economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and this concerns of the crisis caused by the coronavirus pandemic is any going to worsen she has returned has the story. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an annualized rate of 7. 6 percent the largest drop since 1080. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far higher than these numbers are for a quarter in which the economic locked down only accounted for a few weeks she. 2nd quarter g. D. P. Figures for april to june a projected to register a decline of around 30 to 40 percent with some Financial Institutions