Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russ
Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners
Republicans have already hit back at his words. Schumer is one of americas highest ranking jewish politicians and a close ally of President Biden. Heres some of what he had to say in the senate. The fourth major obstacle to peace is israeli Prime Minister Benjamin Netanyahu, who has all too frequently bowed to the demands of extremists like ministers smotrich and ben gvir and the settlers in the west bank. The State Department has responded to Chuck Schumer s comments, stressing they are not a reflection of President Biden s position. Obviously, congress is an independent branch of government. I think the government of israel understands quite well how the Us Government works. They interact frequently, notjust with members of the executive branch, but with members of congress, including senator schumer, who has travelled to israel a number of times over the years. And im sure they fully understand that he speaks for himself. Hes obviously someone we are in close contact with, but not a
American Steel Company and said it is vital that the company remain owned and operated in the us. This is a big deal and notjust politically. Nippon steel is set to pay 14. 9 billion to acquire the us giant. But politically, this is territory President Biden knows well. He has cast himself as the champion of the Working Class and has called himself the most pro Union President in history. He made headlines for walking the picket line with striking Auto Union Workers last fall. Unionised steelworkers could land the president supporting his election bid. The four north americas largest industrial union. For his part, former President Donald Trump pledged to block the deal if he retakes the white house. The president of the United Steel Workers International welcomed the call from biden on thursday, agreeing that Foreign Ownership would leave the us vulnerable when it comes to prioritising its own defence and infrastructure. It is bound to be a topic of conversation between key allies whe
Is something that many of us may have been guilty of at various times in our lives. But given the frequency with which Quality Control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlines, as well as lawmakers. Boeing shares sharply on the news of the new investigation. The company told the faa it will re inspect all 787 jets on the Manufacturing Line and develop an action plan to address concerns about planes already in service. In recent months, as israels war in gaza has intensified, weve seen consumers boycotting brands with perceived links to israel. Major Fast Food Chains like mcdonalds and kfc have reported a drop in sales as a result. And protesters at universities across the us have called for divestment from companies linked to israel, like google, microsoft and defence contractor lockheed martin. Ian lee, who teaches Strategic Management at carleton university, helped us make sense of the Busi