International monetary funds Chief Economist Pierre Olivier gourinchas. The imf and the world bank are having their annual meeting in marrakech and later today, Finance Ministers from the 620 and Central Bank Governors will be meeting to discuss the health of the Global Economy. According to the imf, Global Growth remains dampened by Supply Chain Disruptions linked to the covid 19 pandemic and russias war in ukraine, persistently high inflation, and spiralling borrowing costs. Heres our economics editor faisal islam. The message from the imf for the 190 Finance Ministers and central governor business in marrakesh is that the World Economy they hope had turned a corner after three years of rolling your clinical crisis. Well, it is limping forward rather than sprinting forward now with geopolitical crisis. Slowdowns in very specific countries like china that they had not expected. There is an additional worry about this new higher for longer Interest Rate world that might affect the bank
At one point they were down by almost a third. Metro bank is the youngest lender on britains high streets. It launched here back in 2010 in the wake of the Global Financial crisis to take on the likes of lloyds and ba rclays. It was the first to do so for more than 100 years. But its had a series of Financial Issues and on thursday there were reports that its urgently trying to raise up to £600 million to shore up its finances. So should customers be worried . Heres our Business Correspondent theo leggett. Well, i dont think customers should be too worried at this stage. Although a 25 drop in the share price is clearly not a good look, metro bank insists that, fundamentally, its finances are pretty sound, it made a profit in the first half of this year, and it continues, crucially, to meet all regulatory requirements in terms of the financial buffers its obliged to give. 0n terms of the financial buffers its obliged to give. On top of that, the Financial Services Compensation Scheme d
his reelection bid despite the dismal debate performance and plenty of calls for the president to throw in the towel on his second term. you thought things were interesting and they are only getting more. welcome back. i m sandra smith in new york. jackie, great to have you here. jacqui: i m jacqui heinrich and for john roberts. president biden, his family in the white house are in full-fledged damage control mode following last week s brutal debate. first lady jill biden tells vogue magazine we will continue to fight and will not let those 90 minutes to find the four years he has been president. sandra: asia hosni is live in washington with the latest on all of this. what are you here a link? good afternoon. the scotus ruling was a nice distraction for the biden-harris campaign from this debate fall out. they just held a call with lawmakers on the house judiciary committee but according to reports out there there is still major concern coming from rank-and-file democ
but there s is a nerve in that party as people begin to worry that he s lost his opportunity to beat donald trump who looks certain to many to return to the white house if the trend continues. of course the white house is doing its best to make sure that trend doesn t continue. madelynmadeleine rivera is therh the latest. madelynn. reporter: the biden campaign is making sure the president is not dropping out and wants to do a second presidential debate in september. the president has a few fundraisers today in new york and new jersey, and it comes as the biden campaign releases new fundraising numbers. they say they raised $27 million between the cnn presidential debate on thursday and friday night. they see that figure as a sign of their strength of their grassroots support, but there is alarm among democrat donors and key voting groups that the president needs to win in november. my phone was ringing after the debate the other night, many black entrepreneurs are saying, h