He is also concerned about Economic Uncertainty triggered from the conflict between israel and hamas as the death toll continues to rise. The bbc s economics editor Faisal Islam Sat down with him and asked if the Global Economy was heading in the right direction. Well, things are going in the right direction. What we are seeing is, despite these large shocks that you describe, the World Economy is still standing. No global recession, you know, no massive slowdown that would put us into huge unemployment rates. We havent seen that. We have seen a surge in inflation, but inflation is sort of coming down now, both Headline Inflation and core inflation, so thats the good news, things are improving, the Global Economy has been resilient. At the same time, the Growth Numbers we have, around 3 this year, 2. 9 for next year, this is way below historical average. So the Global Economy is limping along, its not sprinting but its been resilient. Right. Do you from this point see there are areas w
Going on, replace concerns in factors might have an reflects uncertainty as to what various governments might do anything aftermath of these horrific attacks. As you mentioned, it is not because oil is produced in israel and gaza, for example, it is because in this region, about a third of the worlds oil comes from The Middle East, and the question now is what will israels responsibly to these attacks . Will it be limited, how long will it go on for . Is that the risk of this spiralling . We have keep your political players around this region and central to that is a run. We have had potential uranian involvement in the these attacks. Iran is important because they control the state of tom boyd with millions of barrels of oil is passing through it every day. Even iranians Oil Shipments have been up to a five year pipe in the past five years. Will the United States allow this to continue if uranian involvement is proved. Continue if uranian involvement is roved. , ~ continue if uranian
Of digital markets, on trial for fraud and money laundering. At the heart of the case, whether mr bankman fried unlawfully used Customer Deposits from his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda research, and to enrich himself and his inner circle. He has pleaded not guilty. The governments first witness was a former ftx customer who deposited £110,000 on the exchange. The government is expected to call on people who lost money when ftx went bankrupt, as well as at least three former executives at ftx and alameda, who were also personally close with mr bankman fried. The british car market grew in september, according to new figures. The society of Motor Manufacturers and traders says its up 21 on the same period last year. But sales of Electric Vehicles fell sharply, pulling the share of ev sales down to 16. 6 of the overall market. Lets cross live now to mark tisshaw, whos the editor of autocar. Mark, explained this, because w
All shot through the roofs on key match dates, up three to five times the usual. And the world cup could be a big bonanza for businesses coming at an opportune time when indians have already begun losening the Purse Strings ahead of the big festive season. Online Food Delivery Companies and streaming apps could benefit substantially as millions tune in, with their food and drink to watch the matches. Some reports suggest that disney, the official media partner has as many as 20 brands for Sponsorship Deals across online and tv platforms. This is notjust the game, notjust religion, but a big big money spender. In new york where the trial of crypto giant Samuel Benjamin Bankman Fried is under way. Prosecutors and his defence team both made their Opening Statements to jurors in was expected to be a six week long trial. Our north American Business correspondent erin delmore reports. The prosecution and defence offered the newly selected Jury Duelling Narratives that are set to define this
And that tells you the world cup could be a big bonanza for businesses, coming at an opportune time when indians have already begun losening the Purse Strings ahead of the big festive season. Even Online Food Delivery companies and streaming apps could benefit substantially, as millions tune in, with their food and drink to watch the matches. Some reports even suggest that disney, the official media partner, has tied up with as many as 20 brands for Sponsorship Deals across online and tv platforms. This is clearly notjust a game, notjust religion, but a big, big money spender. To new york, where the trial of crypto giant Samuel Benjamin Bankman Fried is under way. Prosecutors and his defence team both made their Opening Statements to jurors in was expected to be a six week long trial. Our north American Business correspondent erin delmore reports. The prosecution and defence offered the newly selected Jury Duelling Narratives that are set to define this trial, asking them to decide whe