what does it all mean for the u.k. now in going forward? and what will the economic spillover from europe mean for us here in the u.s.? correspondent alex hogan joins us now from london with the latest. good evening, alex. good evening, bret. it is an historic day on downing street in just a 92nd speech. liz truss forfeited her fight to hold on to her seat. same spot where less than two months ago she vowed to serve the country. the british public now preparing for the 3rd prime minister in just four months as liz truss announces she is officially stepping down. i therefore have spoken to his majesty, the king, to notify him that i am resigning as leader of the conservative party. the tori party leader started the job holding an audience with queen elizabeth ii days before the monarch s death. promised tax cuts which downward spiral of the economy. all of the plans have been completely reversed just six weeks later. new approval rating record low. comes less than 24 h
Despite a recent boost in rare earth prices, China s economic downturn, export restrictions, and global supply chain diversification efforts challenge its dominance in the rare earth magnets market.
china appoints a new head for the central bank as top official signal more support for a slumping economy. and it is the start of earning season for big tech. oath make alphabet and microsoft have reported strong profits for the last quarter. alphabet. welcome to asia business report. let s begin this morning in china because while the removal of its foreign minister has been making headlines, beijing has listed a new governor for its central bank. taking the helm of the time of the chinese economy is single slumping activity. the top decision making body in beijing had also earlier pledged to shore up support for the economy. earlier i spoke to someone who explained the direction the bank could take now. he
the central bank as top official signal more support for a slumping economy. and it is the start of earning season for big tech. oath make alphabet and microsoft have reported strong profits for the last quarter. alphabet. welcome to asia business report. let s begin this morning in china because while the removal of its foreign minister has been making headlines, beijing has listed a new governor for its central bank. taking the helm of the time of the chinese economy is single slumping activity. the top decision making body in beijing had also earlier pledged to shore up support for the economy. earlier i spoke to someone who explained the direction the bank could take now. he explained the direction the