That members are being careful not to mistep in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. He was arrested at home in california charged counts of stealing on behalf of two Chinese Companies stealing ai. We understand he worked as a Software Engineer from 2019. In 2022, he started being courted by a chinese start up to be their chief technology officer. From then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres t
The truth behind them. We start in brazil and a crucial summit to protect the amazon rain forest. The leaders of eight South American countries that share the amazon are gathering the first time in 45 years theres been a meeting like this. Scientists are concerned that deforestation in the amazon may be approaching an irreversible Tipping Point. Brazils president Lula Da Silva is hoping for a co ordinated regional approach, to tackle illegal mining and logging as well as other environmental crimes. The amazon rainforest, is a crucial buffer against Climate Change and 60 of it is located in brazil. It acts as a major carbon sink absorbing Carbon Dioxide emissions. President lula has already promised to end deforestation by 2030. Rainforest destruction had surged under his predecessor, jair bolsonaro. And it appears some progress is already being made. Injuly of this year, 500 Square Kilometres of rainforest was cleared in brazil 66 less than injuly of last year. The rainforest is home
Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren
Antony blinken, has voiced his concern that nigersjunta might turn to the Russian Mercenary Group wagnerfor help. The group is active in neighbouring countries and its leader has welcomed the takeover. The coup leaders are currently Standing Firm against calls to restore democratic rule. Heres what mr blinken had to say about wagner. For sure, we have concerns when we see Something Like the wagner group possibly manifesting itself in different parts of the sahel. And here is why we are concerned. Because every single place that this group, wagner group has gone, death, destruction and exploitation have followed. Insecurity has gone up, not down. It has not been a response to the needs of the countries in question for greater security. I think what happened and what continues to happen in niger was not instigated by russia or by wagner but to the extent that they try to take advantage of it and we see a repeat of what has happened in other countries where theyve brought nothing but bad
And checking out printing and checking out news. Pakistan Election Commission printing news. Pakistan Election Commission has disqualified the former Prime Minister for five years as a consequence of that conviction over the weekend in that case about selling state gifts and islamabad on saturday in sentencing macro two to three years in prison and this means that imran khan will not be able to contest elections that are coming up later in the year or able to any Public Office until the year 2028 and the Commission Says in this notification that imran khan has been de notified as a Member Of Parliament with immediate effects and significant news after sentence cut on saturday that imran khan is been disqualified from taking part in any sort of elections for five years and that will bring you more in my correspondent later in the programme. We turn to brazil and a Landmark Summit to protect the amazon rainforest. The leaders of eight South American countries that share the amazon, have