Media animal celebrities yeah, you heard me right and the boss of the worlds Biggest Online pet sitting marketplace. Plus, your call is important to us. Please hold the line. Yep, im going to be catching up with the president of the Customer Service Tech Giant Salesforce about their latest ai chatbots looking to take the strain. Wherever yourejoining me from around the world, once again, a big hello and a warm welcome to the show. You know, during the pandemic lockdowns, more and more of us looked to pets for companionship and comfort, certainly spurring a huge surge in Pet Ownership in many countries around the world. And that surge created vast new opportunities for businesses that support our pets, from vet services to rubber toys. The increasing demand has seen the amount we spend on pets follow suit. The uptick in ownership, its come with a change in the way we treat our animals, with the phenomenon known as humanising. Yeah, thats treating our animals more like wed like to be tre
Hello. A very warm welcome to Talking Business weekly with me, aaron heslehurst. Lets go and take a look at whats on the show. This is wednesday, shes my three year old German Shepherd cross. Ive had herfor about two and a half years, since the middle of the pandemic, and i spend about £250 a month average on her, which is about 17 of my salary. Yep, the global pet industry. It has been booming as more and more of us spend big, pampering our pooches and caring for our cats. A surge in ownership during the pandemic has changed how we treat our Furry Friends, ushering in a new era of humanising our animals, with social media leading the pack. And its an industry set to be worth half a trillion dollars by the end of the decade. So im going to be discussing all of that with these two. There they are, the head of an agency representing social media animal celebrities. Yeah, you heard me right. And the boss of the worlds Biggest Online pet sitting marketplace. Plus, your call is important t
President xi told Secretary Blinken that china and the us should be partners rather than rivals. Mr blinken for his part raised concerns over chinas support for russia in its invasion of ukraine. He also raised what he described as chinas unfair Trade Practices in a number of Key Industries that will drive the 21st century economy. Solar panels, Electric Vehicles and the batteries that power them. China alone is producing more than 100 of Global Demand for these products, flooding markets, undermining competition, putting at Risk Livelihoods and businesses around the world. Now, this is a movie that weve seen before, and we know how it ends, with american businesses shuttered and american jobs lost. President biden will not let this happen on his watch. Lets speak now to our north America Business correspondent, erin delmore. In the background to this meeting was a warning we heard from President Biden recently that more tariffs on chinese imports could be on the way. What does this me
shareholders are in favour. welcome to business today. i m sally bundock. we start in the us where the cost of borrowing will be staying higher for a while longer. the us federal reserve left its key interest rate unchanged on wednesday at its highest in more than two decades and signalled it only expects to make one cut this year. the fed though is predicting four more cuts in 2025. the decision came just hours after some encouraging news on its battle to control inflation. america s official consumer price index showed prices rising at an annual rate of 3.3% in may. that was down 0.1% on april s rate and was lower than expected. but it s still way above the fed s inflation target of 2%. erin delmore in new york has all the details. economic datasets can feel abundant, these are two big deal events. we ve only seen them happen on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morni
on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morning for american consumers and the fed. it showed inflation cooling slightly in may after a few particularly hot read outs in the first few months of the year. at 3.3% the yearly price increase was lower than expected and slower than the increase we saw in april. the data actually showed no change month to month between april and may. and the core inflation rate which excludes volatile food and energy prices cooled as well. that s the kind of news federal reserve officials are looking for. but it was not enough to warrant an interest rate cut. here is federal reserve chairjerome powell. we see today s report as progress and is building confidence, but we don t see ourselves as having the confidence that would warrant beginning to loosen policy at this time. the fed held steady, making no change to the current benchmark interest r