hello and welcome to audiences in the uk and around the world. we start in germany where soaring prices and an energy crisis have europe s biggest economy on the brink of recession. and bracing for possibly its highest inflation in 70 years this autumn. rocked by limited gas from russia and the expensive business of weaning themselves off kremlin supplies, germany s central bank has warned that the current squeeze on the cost of living is set to continue. now, the government has put in place measures to save energy with things like lighting restrictions on workplaces, and they ve been asking people to use less while filling up national gas reserves. but with reports people are using up their savings as wages fail to keep up with prices, there have been warnings of possible social unrest come the winter. so, the latest inflation figures are due out today. joining me now is holger schmieding, chief economist at the german private bank berenberg. so what can we expect? when it c
possible? one china policy. how is that ossible? ., , , ., possible? that is basely what has been going possible? that is basely what has been going on possible? that is basely what has been going on over - possible? that is basely what has been going on over the last 30-40 has been going on over the last 30 a0 years. it has been a cornerstone of the america chinese relationship that america acknowledges, recognises one china policy. that will not change. there is a difference between a one china policy that moves towards political unification and a one china policy that wants to maintain the status quo with taiwan being the sovereign entity. not an independent country, a sovereign entity. that is what america and most western countries would like to continue. the question is, how much longer will china continue to live with that reality. i am not so sanguine about a military option being off the table, but it is very clear in the next three years, until 2030 or so, both
Now on bbc news, all the latest Business News live from singapore. The Us Federal Reserve is set for its next meeting. What can be expected from the central bank . Nailed it. How one of singapores entrepreneurs set up a Business Empire. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Im rico hizon. Its a tuesday. Glad you could join us. We start off with the Us Federal Reserve and its meeting in washington on tuesday. It is not expected to move Interest Rates but investors will watch for clues about the next rate hike. There is a backdrop of Political Uncertainty with tensions running high between the us and north korea. I spoke to oui the us and north korea. I spoke to our guest in sydney to see what he was expecting. Two more rate hikes this year are on the cards. What they have become good at in the last few years is signalling its intention down the road. There has been an interesting shift away from talking about just the been an interesting s
Business and government voting is under way in south korea, but will new leadership make a difference this time . And, the wasteland. American Shopping Mauls are deserted and retailers are suffering, so what is President Trump planning to do about it . Welcome to World Business report. Im sally bundock. Also in the programme, Rico Willjoin us from singapore hes seen the latest International Monetary fund report on asian economies. But first, today, the people of south korea are voting for a new president. The election comes after the former head of state Park Geun Hye was removed from office as part of an Ongoing Investigation into corruption. The south korean economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . The current frontrunner, moonjae in, has vowed to boost Government Spending and create over 800,000 newjobs in the public sector. His main rival Ahn Cheol Soo feels the government should be mor
Thousands of homes have been evacuated in christchurch, new zealand, after two separate fires have combined, covering nearly 5,000 acres. And, a century of the wrens the navy marks the formation of the Womens Royal Naval Service during the first world war. Its 5. 00pm. Our main story is that a potential deal to end the long running dispute on Southern Rail has been rejected by members of the Train Drivers union, aslef. In a ballot, 54 voted against the proposal which had been negotiated by the unions leaders. Southern says its hugely disappointed and will be seeking more talks as soon as possible. The union is expected to try to renegotiate the deal. But, for the moment, it means there is still no end in sight to the disruption on one of britains busiest commuter networks. 0ur correspondent, john young, is at Brighton Railway station where many commuters affected by the Southern Rail dispute travel from. More from you and what people have been saying there today . more from you and wha