Strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. That weve seen over the past 25 yeas that weve seen over the past 2. 5 ears. ,. , , 2. 5 years. Other democrats used the downgrade 2. 5 years. Other democrats used the downgrade as 2. 5 years. Other democrats used the downgrade as an 2. 5 years. Other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. While Republicans Blamejoe Biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, Includingjp Morgan dismiss the downgrade, including Jp Morgan Chase ceo who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasurers, that is government ious, remain th
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
producer of them both. from next month, exporting these metals will require a licence, as michelle fleury explains. welcome to world business report, i m ben thompson. us treasury secretary janet yellen is headed to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to steady the relationship, but she s got her work cut out for her. ahead of her visit, beijing said it was imposing export controls on two rare metals essential for making semiconductors. the measures are seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question, will be subject to export controls starting august 1st. in a statement, china s ministry of commerce said it was to protect national security interests. ch
from paris, here s our europe editor katya adler. let s cross straight to paris and my colleague rajini vaidyanathan. well, that i d is young here, but so far, we re not hearing of any major disturbance it appears to be a calmer night, but for example in paris, the tensions really flared up. it s difficult to say what this evening will hold for us. but of course, this all comes after the grandmother of 17 year old nahel issued an appeal and other family members have also spoken to the bbc saying the same, calling for home. some family member and a friend of nahel to katya adler, who has this report. in theirfirst on in their first on camera interview since nahel s death, his family told me they want to be very clear stuffy although there are no words to describe how we feel. we although there are no words to describe how we feel.- although there are no words to describe how we feel. we ust buried a 17-year-old. describe how we feel. we ust buried a 17-year-old. but h d
the night is young here in paris, but we aren t hearing of any disturbances. it appears to be a calmer night. but for example in paris on the last few nights, the tensions have really flared up in the very early hours of the morning. so it s difficult to say what this evening will hold for us, but of course as you say, this all comes after the grandmother of 17 year old nahel issued an appeal and otherfamily 17 year old nahel issued an appeal and other family members have spoken to the family members, dashed to the bbc, calling for calm. some family members spoke to katya adler. this is nahel, the french algerian team killed last week by a policeman, triggering nightly outpourings of rage by youths from similar backgrounds across france. in their first on camera interview since nahel s death, his family told me they want to be very clear. there are no words to describe how we feel. we just buried a 17 year old. but we never called for hate or riots. with tensions running so h