And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch
let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and
over of the troubled bank credit suisse. we begin in switzerland, where the un secretary general has warned that the climate time bomb is ticking, urging rich nations to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling climate change. the inter governmental panel on climate change says the worst can still be averted if emissions are cut rapidly. but even that is unlikely to stop global temperatures rising by less than the target of 1.5 degrees celsius. here s antonio guterres. humanity is on thin ice, and that ice is melting fast. as today s report of the intergovernmental panel on climate change details, humans are responsible for virtually all global heating over the last 200 years. the rate of temperature rise in the last half century is the highest in 2,000 years. concentrations of carbon dioxide are at their highest in at least two million years. the climate time bomb is ticking. let s look through the key findi
paula. it s just a very scary time in our country. asking for trouble. team trump trying to fire up his base, as he faces possible indictment within days. and joining forces, the world s biggest central banks team up to keep the cash flowing and stave off a possible financial crisis. all right. welcome to our viewers in the united states and around the world, i m christine romans. good monday morning to you. in just 90 minutes, china s leader xi jinping arriving in moscow for a state visit including a one-on-one meeting with russian president vladimir putin. overnight, the two leaders published articles written for audiences in each country. the pieces highlight the trust in cooperation, and credit china for promoting peace in ukraine. cnn s salma abdelaziz following the story live from london for us. salma, what s the purpose of xi s visit? and what is putin looking for from china? reporter: well, for president xi who has, of course, secured that unprecedented third
firefighter or any of you in this room. so my plan is to make sure that corporations begin to pay their fair share. president joe biden pitches his budget proposal that he says will lift the burden off families across america. we ll explain, though, why this plan is more about campaign messaging than the actual numbers. plus, there are significant new developments that signal that donald trump could soon face criminal charges in the state of new york. and also ahead we ll dig into the cia s latest assessment of vladimir putin and the future of the war in ukraine. good morning and will welcome to way too early on this friday, march 10th. we re going to begin with the strongest indication yet prosecutors are nearing an indictment of former president donald trump. the new york times reports that the manhattan district attorney s office has now signaled to attorneys for the former president that he could face criminal charges. the paper cites four people with knowledge