president lula da silva is paying a visit. president xijinping president lula da silva is paying a visit. president xi jinping told president lula da silva is paying a visit. president xijinping told his brazilian counterpart that chinese development would create new opportunities for brazil. the also an opportunity for beijing to reinforce ties with one of the world s emerging economic powers, a member of the group of economies which also includes russia, india and south africa. he said he viewed relations with brazil as a diplomatic high priority. the countries agreed a deal to ditch the dollar and trade between them in their own currencies. joining me now is the chief economist, who joins me now. big on promises after this meeting about what these deeper ties will mean for brazil but i wonder what was your to how much detail there was about the opportunities which could present themselves to brasilia. ., ., , brasilia. there were areas where there was detail, brasilia. t
and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift shop. th
hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter on qua
queen guitarist brian may and members of england s women s football team are among those celebrated in the uk s new year s honours list. over a thousand people have received recognition for their service. i will be back at the top of the error, no it is time for talking business. hello, everybody. a very warm welcome to a special edition of talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. this week, we re going to revisit some of our interviews that defined 2022. of course, a momentous year of disruption for the global economy. over the last 12 months, we ve continued to feel the impact of covid, the russian invasion of ukraine, and suffered a cost of living crisis as energy prices have soared. i ve spent the year speaking to some of the most influential chief executives, business leaders and policymakers on the planet. the head of the imf, the international monetary fund, told me herfears for the planet s prosperity, and the