Time for a look at the Business News now with marc ashdown. Hello, this is World Business report, im marc ashdown. We start in the us, where the all important Inflation Data is just out. Prices inched up injuly, but less than expected. The Consumer Price index, a key inflation figure, rose 3. 2 compared to a year ago. It was running at 3 injune, so on the face of it, the pace of price rises has ticked up again. But the markets had expected a bigger increase, so could todays figure be good news . And could it be enough to persuade the Federal Reserve to leave Interest Rates unchanged next month . Lets bring in our north America Business correspondent michelle fleury. Firstly, talk us through the reasons behind this uptick. Inflation had been easing gradually, why has it gone up . Some of this has to do with comparisons of where we were last year and the way the data is compiled but some of it is things like rising Housing Costs and stuff like rising Housing Costs and stuff like that. I
Prevent capital from some investing in high tech sector investing in high tech sector in china such as Quantum Computing, Artificial Intelligence and advanced semiconductors. The goal is to stop the speed up of technology that could help china develop weapons for use against america in a military context. We put also require firms to make arrangements to report activities. Potentially laying the ground for more restrictions down the road. The regulations are not expected to take effect right away and there will be a period so businesses can weigh in on the proposal. China is the worlds second biggest economy, a vital market for American Companies and the concern expressed by some us executives may explain why this order has not been released until now even though expected back in february. A senior official described the move as targeted saying this is our National Security action not an economic one and adding the us is not decoupling our economy. The move is likely to upset beijing w
Welcome to verified live, three hours of breaking stories, and checking out the truth behind them. We start with apocalyptic scenes in hawaii. Us soldiers have joined search and recovery efforts. At least 36 people are known to have died in wildfires others are still unaccounted for. Large parts of the tourist town of la highna on The Island Of Maui have been burned to the ground. This is what it looke like overnight when flames spread rapidly forcing some people to jump into the sea to escape. Multiple areas have been burnt to the ground and the western side of the island is almost cut off. Officials say, the Hospital System is overwhelmed, with many people suffering burns and smoke inhalation. Our correspondent Richard Galpin has this report. Is anybody still out here . Its time to go these are the desperate calls for people still in the historic City Of Lahaina on The Island Of Maui, as the flames on the marina gets closer and closer. Many neighbourhoods were burned to the ground as
Of the wildfires. Officials said it is still difficult to determine the true extent of the damage on maui, and have warned the death toll may rise. Some of the people caught up players we just had the worst disaster i have ever seen. Its burnt to a crisp. Its like an apocalypse. Woke up this morning and got on our Phones Temperatures of our house down to the slab, nothing but smoke. The winds picked up, i everything flew away, our Apartment Complex is right above the aquatic centre. We thought we were 0k| but then the wind came, gas station blue up, everything caught fire by the brush and we had to evacuate. 0ur weather presenter ben rich has been looking into the Weather Conditions that have contributed to the fires in hawaii. Rarely causes board size but it can bring provisions that make them lightly and the weather on its own rarely causes wildfires, but it can bring conditions that make them more likely and help to fan the flames, which is exactly whats happened in hawaii. Its been
Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I