But a report from the Scottish Fiscal Commission says while Uk Government policies have contributed to the pressure, much of it comes from the Scottish Governments own decisions. Heres our scotland editorjames cook. This is the reality of life less than four miles from the scottish parliament. A Community Centre handing out free bread to help the residents of muirhouse make ends meet. And yet, now, here and across scotland, the tough times could be about to get worse. Prolonged westminster austerity, the economic damage of brexit, a global pandemic, the war in ukraine, and The Cost Of Living crisis, have all placed enormous and growing pressure on the public finances. I must take further and more urgent action now to ensure that we can balance the scottish budget in 2024 25. And i call. There is also £800 million of additional spending for new pay offers, and all that means £500 million in direct service cuts, plus a raid on the Proceeds Of Offshore Wind and publicly owned scottish w
Fever medicine. Willng for the virus include outpatient as well as those in emergency wards. On tuesday, the city reporting one new case of the coronavirus, bringing the total to 61. Also we are getting data giving us more insight into how the economy in hong kong has been affected, not only by the virus but also by the ongoing protests and jobless rate climb in january for fourth straight month, hitting the highest level since 2016. Construction, consumption sectors particular hardhit in hong kong. This is a human tragedy and we want to always recognize that. There are real economic effects. You mentioned hong kong. Hsbc announcing they will lay a lot of people off. What is happening with the economy . Has a ground to a halt . Sophie we have some estimates saying 40 to 50 of chinas economy was open for business last week and factories are still taking time to go online. We have several companies indicate how they have been affected. Apple being one of the latest when it comes to its o
Faded as the day goes on. Every sector in europe is in positive territory. Are seeing luxury stocks doing well. The mining stocks are doing well. The euro is softer. We have some disappointing data coming out of the manufacturing sector, particularly out of germany. Take a look at the relationship between the german twoyear and the u. S. To year. , take a looknyear at what is happening here. Yields are lower. Prices are little higher. Vonnie lets get to the economy and the markets. We are joined by Deutsche Bank securities chief. Not aly shy but that is bad reading, is it . It had been below 50 for a little while. War. D to do with the trade that is actually really good news. We are torn between the uncertainty from the trade war. Have seen indicators that spending,f cap and the number we got is confirming that there is some rebound going on. That has been weighing on the outlook for a little while. Had significant easing. As long as these uncertainties dont spiral out of control and w
allies. they see the noise in washington but it is not something they would think in the time we have between us that they would raise. mark: secretary pompeo also tells bloomberg the u.s. is committed to supporting ukraine and stamping out corruption in the country. he denies that president trump s personal lawyer rudy giuliani oversaw a shadow foreign policy toward ukraine. in the u.k. prime minister doris boris johnson s deal cleared its hurdles in parliament today. that brings the crisis that has paralyzed british politics since the country voted to leave the european union almost four years ago to a close. the passage of the law of indicates johnson s gamble to call an election last month in which he asked voters to back his blueprint for leaving the 31. on january european union says it is its trading partners must do more to cut emissions if they want to do business with the eu. told then der leyen world economic forum in davos, switzerland that the extra effort is
Now the markets, after session lows down across the board, 1. 5 . The falling price of oil is bringing down energy stock. 1. 4 . P 500 is down the nasdaq is down 1. 6 . We did get good u. S. Retail sales data and Consumer Sentiment. As well as lower unemployment numbers. That is not to turn this around. For every one stock of, 8 stocks are down. For the week on this friday, the worst performance since november 13, we are down by 3. 5 and 70 points. The index is going 20 six sessions without back to back games. The record is 28 days. That was set in 1970 him and he hit it in april of 1994 and again this march. Two more days and we will tie it again. Three days, and it will be a new record. Oil, a lot of superlatives in the market. Nymex crude is down 2. 9 . It is down for the sixth day in a row. This is its longest losing streak since march. It is the lowest since february of 2009. Natural gas is falling, it had broken below the two dollar mark, and it has risen above that at two dollar