Speaking last week, Mr Draghi highlighted limited innovation, high energy prices and a Skills Gap as part of the problem. Sarah hall is professor of economic geography at the university of cambridge. Shejoins me now. What are you expecting with this report . From what we have heard and briefings we expect a very long Document But One that potentially struggles to be really clear on how some of thoseissues really clear on how some of those issues could be tackled. For some reason that is really obvious and quite clear why that might be the case. Some of the challenges the us facing is very similar to other advanced economies in Europe And North america including the uk. For example, how do you drive up competitiveness as a regal thorny challenge that is hard to address. I think i will be looking out for what the report says around improving competitiveness, crucially how that might be financed, that is a really big questions. And how the eu and through this Report Mario draghi suggestin
the princess of wales is recovering following abdominal surgery, the operation a success, remaining in hospitalfor operation a success, remaining in hospital for october fortnight, buckingham palace has announced king charles will visit hospital next week to be treated for an enlarged prostate. iran s foreign minister says houthi attacks on the red sea will only stop when the war ends. translation: if the genocide in gaza stops, then it will lead to the. - the end of other crises and attacks in the region. rishi sunak faces a crucial vote on his plan to deport asylum seekers to rwanda after two resigned. time for a look at the business news now. we start in china where the latest official figures say the economy grew by 5.2% last year. now that s slightly higher than beijing s target of 5% but one of the lowest levels in china outside of the pandemic for decades. the post lockdown bounce back for the world s second largest economy has struggled against a property se
meeting moments ago, symbolically at the reagan library is beijing warns the chinese government will quote resolutely fight back plus one day after donald trump s arrest and arraignment in new york. two major developments in the federal case investigating him one a cnn exclusive the grand jury testimony. revealing the trump was warned he could not legally sees voting machines, plus the decision from his vice president, mike pence that could set up his own historic testimony before the special counsel. welcome to the lead. i m jake tapper, and we start with the world s superpowers on edge and potentially provocative show of solidarity between democracies. moments ago, taiwan s president, sighing when wrapped up a news conference with us house speaker kevin mccarthy on the republicans home turf in california in the chinese government is not happy about it. the top official in beijing warning that size visit could lead to a quote serious unquote confrontation with the united sta
the global chief partnership. simon baptist is the global chief economist i partnership. simon baptist is the global chief economist atj the global chief economist at the global chief economist at the ir un said australia was never a good target for china to have tensions with. it is never a good target for china to have tensions with.- to have tensions with. it is a sli . ht to have tensions with. it is a slight stabilisation to have tensions with. it is a slight stabilisation peptides| slight stabilisation peptides will remain quite difficult the foreseeable future. this recent incident over the last few years really shows the limit and some ways the lack of sufficient nation of chinese foreign policy. australia was a bad target for china to choose. this was going to side with the us when push comes to shove because of its resource endowment, it has unusually large amounts leverage. push by china on australia hasjust resulted firstly in australia doubling down on divers
the commercial real estate industry functions but it never reached its profitability, as you said there. its assets and liabilities of somewhere between $10 billion and $50 billion according to the bankruptcy report. we need to remember this was one of the most exciting projects on the horizon. it was worth $47 billion largely due to a chunk of investment from softbank but wall street were also excited, jp wall street were also excited, jp morgan chase was one of its first big investors. its co founder adam newman projected tremendous growth and took on expensive leases in big cities like new york and london and even here in singapore. but itjust never quite reached its profitability. and like so many industries, the covid 19 pandemic really impacted because a lot of clients now who had memberships with this company have pulled out because many of their workers are now working from home and they have done away with the real estate industry. as we have been reading this mornin