when global leaders meet for climate summits, as they re preparing to do in glasgow in ten days time, a special effort is always made to create the appearance of unity. but whether everyone really is singing from the same hymn sheet remains an open question. a leaked trove of documents seen by the bbc reveals that a number of countries have been privately lobbying the intergovernmental panel on climate change in an attempt to influence the conclusions they have drawn. saudi arabia, japan and australia are among those countries that have asking the un to play down the need to move rapidly away from fossil fuels. brazil and argentina, two of the biggest producers of beef products, argue strongly against the evidence that moving to a plant based diet is necessary to cut greenhouse gas emissions. our climate editor justin rowlatt reports. the clock is ticking on tackling climate change. the science says unless we start making dramatic cuts to emissions now, we risk very serious
wall street was being red on tuesday, bank stocks leading the way. shares in goldman sachs fell 2%. the catalyst was moody s downgrading the credit rating on several small and me us banks, including mmt and pinnacle financial. the red flag is raised by the ratings agency including a potential recession as well as problem so to the commercial real estate set up. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed that for the first time americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the third quarter based in part on a post pandemic rebound in road sharing. rivi and posted a narrower loss than expected and raised its production guidance for
2%, the catalyst was moody s downgrading the credit rating on several small and medium sized us banks, including mmt and pinnacle financial. the red flags raised the ratings agency included a potential recession, as well as problem side to the commercial real estate sector. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed for the first time americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the third quarter based in part by a postman damik rebound in ray jones. meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its production guidance for the full year. elsewhere on wall street this morning, nine companies,
shares in goldman sachs fell 2%. the catalyst was moody s, downgrading the credit rating on several small and medium sized us banks, including mnt bank and pinnacle financial. the red flags raised by the ratings agency included a potential recession, as well as problems tied to the commercial real estate sector. as one analyst put it, any doubts about regional banking is bad for market sentiment. that wasn t helped by data from new york federal reserve, which showed that for the first time, americans owed more than $1 trillion on their credit cards. traders have also been focused on corporate results, which so far have been better than expected. that was true for lyft, which reported results after the us market closed. uber s small arrival is forecasting higher revenue in the third quarter based in part on a post pandemic rebound in ridesharing. meanwhile, electric vehicle maker rivium posted a narrower lost than expeted and raised its production guidance for the full year. m
a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go take a look at what s on the show. the big china challenge. a year since the covid 19lockdowns. as the biggest economy back to full health. ongoing trade tensions with the us are some of the problems government is trying to tackle. this leading china economist will explain how the government needs to balance ambitions of the changing demand of a radically different younger generation if it wants the country to thrive. plus this former head of the international monetary fund china division tells me how beijing struggles are affecting all of us around the world. and keeping the internet free and fair. the big boss of web browser firefox tells me how her foundation is trying to compete with the deep pocketed rivals like google and apple and still have an influence. wherever you arejoining me from around the world warm welcome. china, s second biggest economy a trouser united states and is more th