a full separation of our economies would be economically disastrous for both of our countries and for the world. we seek a healthy economic relationship with china that benefits both countries over time. her comments come ahead of a potential meeting between presidentjoe biden and xijinping next week. since the leaders of the world s two most powerful nations last met in bali, a lot has changed despite us restrictions on high tech products over the last few months, us china relations have actually improved. both sides are keen to find more ways to cooperate on economic issues. translation: thank you, madam secretary, for your remarks. - it would give me great pleasure to meet with you again in the beautiful city of san francisco. it is less than four months since we last met in beijing and we had in depth discussions on topics of mutual interest. the efforts of these two superpowers to stabilise their relationship comes against an increasingly complicated backdrop a sputt
economic tsar, mr he. the united states economic tsar, mr he. the united states has - economic tsar, mr he. the united states has no - economic tsar, mr he. tie: united states has no desire economic tsar, mr he. tte: united states has no desire to decouple from china. a full separation of our economies would be economically disastrous for both of our countries and for the world. we seek a healthy economic relationship with china that benefits both countries over time. . ., , . ., benefits both countries over time. , ., ., time. her comments come ahead of a potential time. her comments come ahead of a potential meeting time. her comments come ahead of a potential meeting between l of a potential meeting between presidentjoe biden and xi jinping next week. since the leaders of the world s two most powerful nations last met in bali, a lot has changed despite us restrictions on high tech products of the last few months, us china relations have actually improved. both sides a
our correspondent theo leggett has the details. when alison rose said injuly that talking to bbcjournalist about talking to bbcjournalist about talking about nigel farage s bank account was a serious error of judgment but it s also turned out to be an expensive error ofjudgment as well. as you said, dame alison will receive her contractually entitled salary and other allowances until her period of notice ends injuly next year and it is worth about 2.4 million so it s more like £10 million so it s more like £10 million because she was entitled to long term share options and bonuses as well and bonuses about something like 2.6 million so overall she will lose £7.6 million and the reason is that natwest says she did not qualify as a good lever, someone who leaves a job on normal service where you walk out the door with a handshake and everyone is happy. it wasn t like that and she was not a good lever oh she forfeited a large chunk of the money she was owed natwest they had n
britain s ecomomy is expected to have gone into reverse shrinking by 0.1%. and if that continues for the rest of the year two quarters of negative growth that would constitute a recession. the bank of england has raised the cost of borrowing to a 15 year high, to try to rein in soaring prices, and that s weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost of living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? with rates on the up, more people have been struggling to pay their mortgage bill. don t worry, i m sure we can get this sorted out for you. ..and an increasing number are now officially in arrears. you know, nobody wants to send debt collectors to your door. nobody wants that. that s not what we want. we want to help you, we want to get a solution in place with you, but we can only do that if you give us a ca
more than 10%. these were the laggards on the dow. big names looking at some big declines over the past three months. there were a few bright spots. comfort food for investors. ibm, in fact, now the world s most second valuable tech company, bumping microsoft to third place. we ve got a sputtering global economy, a european debt debacle, and that u.s. credit downgrade back in early august. and quickly, i want to the mention kodak, plunging nearly 60% today on rumors that was preparing to file for bankruptcy. it has since flatly denied those rumors. that s it from cnbc, we re first in business worldwide. now back to hardball. if you re looking for leadership in america, you know you re not going to find it in the oval office.