and she explained how she viewed relations between the two countries well, trade relations, like other parts of the us relationship with china are tense. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? well, clearly beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, and one of the things i will be looking at over the next day now is whether there is a pathway for the secretaries on the economic team for president biden to visit beijing in the coming weeks are coming months. so
were bitter rivals, each engaged in lawsuits against one another. now, the mega deal essentially created a whole new golf association led by the saudis. created a whole new golf samira hussein there. created a whole new golf meanwhile, a usjudge has granted a request from prosecutors to try some of their charges against cryptocurrency exchange ftx s founder sam bankman fried in a second trial next year. the 31 year old will still stand trial this october over charges stemming from the collapse of the now bankru pt firm. mr bankman fried has pleaded not guilty to fraud and money laundering charges. china s economy stumbled last month after the latest data showed industrial output and retail sales both missed forecasts. the economic rebound it saw after dropping covid restrictions late last year seemed to have slowed in the second quarter. earlier this week china s central bank slashed key interest rates in a bid to boost the country s post pandemic recovery. i spoke with s
the us and china hold what s been called candid and constructive talks in beijing as both countries look to improve relations. and one of the biggest airshows in the world kicks off this week the main theme this year is sustainability. hello and welcome to asia business report. i m monica miller. us secretary of state anthony blinken has held what s been called candid and constructive talks with his chinese counterpart. relations between the world s two largest economies have taken a beating in recent years this is the first time the head of america s diplomatic corp has visited the country in half a decade. earlier i spoke with wendy cutler vice president of the asia society policy institute
on the cost of borrowing. it s theirfirst meeting since president erdogan won a new term in a recent election runoff. the turkish lira is currently on its longest losing streak in over two decades. also due this week us fed chairjerome powell will deliver the second of his twice yearly reports to congress on monetary policy. analysts are hopeful they ll get more clarity on what the fed intends to do next. there have been growing concerns that monetary tightening is pushing the global economy into a recession. earlier, i spoke with steve cochrane of moody s analytics and he told me if we were seeing signs of that. well, the risk towards global recession are definitely high is not the rate of growth around the world is slow, particularly in europe and north america, well below potential. so any kind of shocked could hit the economy and one of the shocks could be a couple of surprise industry hikes. could push the economy over into a recession.
bbc news bringing you different stories from across the uk at the moment. this is the moment a light aircraft crashes into the sea at porthcawl. incredibly, moments later, the pilot seems to be on his feet and walking away. it was caught on camera by mike sundby, a volunteer with the rlni, who was out walking his dog. i see him tumbling out. so i did turn around and point backjust one casualty. and i was it really went down to sat him down and then two other guys came alongside. we re just looking at his injuries. he s very lucky. i think he was more distressed about binning his plane. margaret kendrick lives close by and realised something was wrong as she looked out of her window. so i got my binoculars, you know, because i m nosy and i realised from the shape it was an upside down seaplane. the welsh ambulance service