A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label or a concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he started mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects in global macro strategist at i care a good to have you with us so lets just deal with the very basi
Footprint. The most valuable commodity in the world well for the past 100 years the answer to that question would have been oil or maybe increasingly water but with the likes of amazon googles Parent Company alphabet and facebook becoming the worlds most valuable listed Companies Big data is now king the rise has been rapidly even regulated scrambling to keep up with the changing environment and now one of those protecting us wants to write another chapter at facebook hoping to introduce a Digital Currency called leap or perhaps not surprising in the age of bitcoin but given facebook has abused the days or it has on billions of people and its failed to curtail the spread of online hate and generally has become a byword for distrust well many in policy circles are opposing the new crypto currency because its also a threat to National Economies a facebook currency used by its 2000000000 users could effectively create a new world currency a rival for the dollar maybe a yen or the euro and
A weaker you one was expected at some point in the past the u. S. Has been hesitating with the currency manipulator label over concern that it could trigger a trade war but were already in one so the consequences are low and the negotiations with the International Monetary fund could take up to a year and some feel that the i. M. F. Wont act against china despite the u. S. Accusation of manipulation when he starts mentioning the i. M. F. The question is what could he do there the i. M. F. Is a consentual organisation theyre not going to take sides in fact 2 weeks ago they already issued their own statement about chinas currency and they said that it is and why with International Standards despite the arguments the us says its still planning for a visit from a chinese trade delegation in september. Now a better place to talk about all things currency then patel is joining us now effects and global macro strategist at i care a good to have you with us so lets just deal with the very basi
Nature of humanity so yes people you know people know how to balance their political and religious and spiritual mandates when it comes to this seems a. Of us thank you so much. Protesters are occupying the arrival area of Hong Kongs International Airport for a 2nd day theyre planning to stay there for the rest of the weekend to make people flying into the territory aware of their dispute with the government more than a 1000 protesters are marching in typos as well thats in the north of hong kong the demonstrations organizer had called the event off on friday after it was banned by the police but despite that the marches are going ahead today riot Police Reform the blockade in front of the marchers mcbride is their entire post. Thousands of people once again descending on this town this is a medium sized town called typo and the New Territory separating Mainland China from hong kong and cow loon i mean these thousands of people taking over they have completely filled out the streets he
And now on bbc news, thursday in parliament. Hello and welcome to thursday in parliament. Coming up as the conservative leadership candidates contemplate leaving the eu without a deal, mps condemn the idea. Nothing short of that an act of economic vandalism. But the brexit secretary stands firm. I think no brexit is worse than no deal. Also in the Program Peers demand action on knife crime. If we dont do something about this those families, those young people will continue to pay for our inaction. The government has ruled out extending the brexit deadline beyond the 31st october. And the brexit secretary told the commons that leaving the eu without a deal would be better than staying in it. The issue of a no deal brexit has been reignited by comments from the conservative leadership candidates. Jeremy hunt has said that if we get to october without the prospect of a deal, we will leave without a deal. Borisjohnson has also repeated his pledge to get out of the eu on 31st october, but h