Companies could dent growth in the Worlds Largest economy. Still, the us president backed the striking workers call for a 40 pay raise, telling them they deserve a lot more than they are getting. You deserve the significant raise you need, and other benefits. Get back what we lost, 0k7 its about time they step up for us. Wall street didnt build the country. The middle class built the country. Unions built the middle class. Thats a fact so lets keep going. You deserve what youve earned, and youve earned a hell of a lot more than youre getting paid now. Thank you very much. Now, the Biden Administration has also been taking aim at the us tech sector. The competition regulator, the federal trade commission, has filed a lawsuit against amazon accusing it of protecting its Market Dominance in Online Retail at the expense of consumers and third 7 party sellers. Our north American Business correspondent erin delmore has its a case that has been in the works for years under the watchful eye of
Am sally bundock. We start in china, where the Chinese Vice Premier he lifeng and the European Commissioner for trade Valdis Dombrovskis are meeting in beijing today. The eu and chinas economic and trade ties will be the focus of discussions. The meeting comes at a time of growing tensions between the two superpowers. Earlier this month, the European Commission announced there would be an anti subsidy investigation over chinas car prices. China is accused of keeping car prices artificially low by huge State Subsidies a move that china says is evidence of protectionism by the eu. Trade between the eu and china is significant, especially for countries like germany, where china is their biggest Trading Partner. Im joined by anna ashton, china director at eurasia group. Lets unpack this. Good morning to you, anna. How are these trade talks likely to go, do you think . You think . Its hard to say exactly how you think . Its hard to say exactly how they you think . Its hard to say exactly ho
In a significant move that underscores the deepening turmoil in China s property sector, Evergrande, once the nation s leading property developer, has filed for bankruptcy protection in the United States. This step comes as the company grapples with an enormous debt burden of over $300 billion and serves as a stark reminder of the broader challenges facing the world s second-largest economy.
property giant evergrande has filed for bankruptcy protection in the us, in china deepens. as the real estate crisis in china deepens. it will allow the heavily indebted company to protect its assets in the us as it works on a multibillion dollar deal with creditors. evergrande defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. a brazilian hacker has told a congressional inquiry that he was hired by brazil s former president, jair bolsonaro, to try to prove that electronic ballots were vulnerable to fraud, ahead of last year s election. walter delgatti told the inquiry he was paid $8,000 by someone close to mr bolsonaro. he said he wasn t able to hack the ballots. british talk show legend michael parkinson has died at the age of 88. over a seven decade career, he interviewed the biggest names in the world, including muhammad ali, sir eltonjohn
yeah, they re cute. this is bbc world news. the latest headlines: pope francis has arrived in canada where he s set to apologise for abuse suffered by indigenous children at catholic boarding schools. the us considers declaring a climate emergency as firefighters in california struggle to contain a wildfire they call explosive , which is spreading fast. to china now where property giant evergrande says its chief executive and head of finance have been forced to resign. it comes after a probe found the pair were involved in a loan scheme which led to banks seizing $2 billion from one of its subsidiaries. our business reporter monica millerjoins us from singapore. this is just the latest problem