as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in part
the defence secretary grant shapps said the royal navy is working on a new dragonfire laser weapon to complement its existing weaponry, the sea viper air defence system. that s to be upgraded with a new warhead and software to counter ballistic missile threats. here s grant shapps. we have, for example, the largest ships that we have ever put to sea in the aircraft carriers. i toss it off, i think, 13 frigates and destroyers which are under commission at the moment. we are modernising the navy, going throughjust massive through just massive capitalisation programme and just this morning, for example, i have been on x, twitter, yesterday, the results of a new weapon which is a laser weapon called dragonfire, capable of doing what those men and women on hms diamond have been doing, with the sea viper missile system, and doing it with a labour laser instead to bring down incoming so the technology is also moving on very fast, as well as the investment. economists have warned
welcome to our viewers in the united states and around the world, i m christine romans. secretary of state antony blinken meeting face-to-face right now with chinese president xi jinping in beijing. the high stakes one-on-one is part of blinken s efforts to meet with china s top diplomat. an effort to lower the temperature amid rising tensions between the u.s. and china. cnn s kylie atwood in beijing this morning. just the fact that their meeting is a huge meeting, kylie, we learned 90 minutes ago their meeting was a go. what do we know about it? reporter: that s right, it s here in beijing, the secretary of state who is the first cabinet member to visit china from biden administration in 2 1/2 years. sitting down with president xi, we don t know much about the meeting because it s so ongoing. here s what we do know, there have been a number of hours that the secretary has engaged with chinese officials over the course of the last days in beijing. spending more than five ho
the boss of shipping giant maersk has told the bbc why the waterway is so important to global trade. our intention back to tylenol. one of the first things the winning party will need to deal with after the election, is to answer this question how to deal with china? in the lead up to the polls, the world s second largest economy has warned of the extreme danger of electing a frontrunner from the ruling democratic progressive party, while the opposition kuomintang is viewed as being more friendly with beijing. china taiwan s biggest trading partner, also claims the self ruled island as part of its own territory. for clues on how this will play out after the weekend s results let s bring in lev nachman assistant professor in political science at the local national chengchi university. do you see any electoral outcome that would change china by xhaka there is the us? if they can see when the election there is a reset chance of dialectic between taiwan and the prc. it wi
us will not allow houthi attacks to imperilfreedom of navigation and britain s prime minister rishi sunak saying the uk will always stand up for freedom of navigation and free flow of trade. the big question is will the strikes work? britain s defence ministry says the strikes have already been a blow to the hootie s ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. major shipping lines and oil giant bp have already diverted vessels around southern africa adding time and cost to journeys rather than risk the red sea. if the crisis continues the increased cost of oil as well as goods could be passed on to consumers. hampering efforts to curb inflation and reduce interest rates. the houthi have attacked 27 ships to date disrupting commerce on those key shipping lanes between europe and asia and they account for about 15% of the world s shipping traffic. the boss of shipping giant maersk has told the bb