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Think they were already in a tough place, particularly u. S. Banks. It is likely, as this progresses, the chinese will put more pressure on them, the u. S. Will have to put more pressure on them. They are going to have to take sides. Yesterday a guest walked the overlyot sounding enthusiastic about the decisions he had to make. It is really going to be tough. The chinese will pile pressure on. Tom maybe we will see that pressure today. We have our people in hong kong watching the story. Also in beijing, karen leigh scheduled to be with us throughout the money. In new york city, here is ritika gupta. Ritika President Trump is due to punish china because of the national the sweeping national law. He finds legislation would chinese that sanction chinese officials responsible for cracking down on political dissent in the city. Beijing told the u. S. To quit interfering in chinese affairs. Heres a very hong kong brain train are increa ....
Caller there are many many millions who are not coming back and some Small Businesses that are struggling an advantage. Airbus flies after boeing sees deliveries drop to the lowest level in six years from from the iata director later in the show. And swinging to the first ever quarterly losses as the lockdowns hit sales. But stores will reopen in most markets in june as it bisdishest a bonus dividend a warm welcome to street signs. Lets kick off with the fresh outlook from the oecd coming out now seeing negative growth of negative 6 and negative if a second corona outbreak occurs. The euro area gdp is forecast at negative 9. 1 in 2020 negative 9. 5 if a second outbreak occurs and the uk negative 11. 5 and negative 14 next year if another outbreak occurs. They have presented two scenarios. One where the virus continues to recede and one where a rapid contagious continues through 2020 and looking at what would happen let me run yo ....
Violence and organised Drug Trafficking and criminality. People deal drugs to make money. Money and drug dealing drive violence on our streets and often, that leads to murder. Criminals make around £5 billion a year by selling drugs. Its nearly all cash. And thatis a problem because they cant put millions in cash into the bank. That is where the money launderers come in. Money laundering is the air that allows organised crime to breathe. Criminals dont do this for fun. They do it to create money, and the only way they can enjoy that money through the process of Money Laundering. The Financial System is supposed to keep dirty money out. Tonight, we expose how it fails. We have got hold of details of a Police Investigation which put 27 money launderers be ....
Global trade tensions, geopolitical uncertainty, its all playing on the minds of the worlds top central bankers this week. The most important, the Us Central Bank. It will tell us later today if it plans to cut the cost of borrowing to shelter its economy from the fallout. This week the Us Federal Reserve, bank of japan and bank of england all tell us the direction of rates. While the European Central bank, which met on tuesday, said its willing to cut rates or launch more stimulus if needed. As tensions rattle the global economy, Central Banks around the world are moving toward looser policy to keep their economic engines chugging along. In australia, russia, india and chile, Central Bank Bosses rec ....