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A new conflict. In one corner iran still prickly despite its landmark nuclear deal with the International Community and the western forces remain strong in the shiite republic and it continues to support radical islamic movements across the region. In the other corner an increasingly our society of saudi arabia encouraged by president trumps visit last may to expand its regional influence its always. On his first trip to the middle east donald trump essentially gave the saudi leadership complete freedom to do whatever it wants as long as that serves u. S. Interests that has fueled tensions in the confrontation between saudi arabia and iran. Its. One battleground in this regional rivalry is yemen with iran supporting who three rebels fighting the countrys sunni government which is backed by saudi arabia. A pro rebel t. V. Station showed images of
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That s quite significant that s the biggest loss for six years and marks the largest intra day decline of all time in asian markets picked up the sentiment in tokyo the nikkei closed four point seven percent down on saying it. down five point one percent and shanghai is three point four percent in the red now what s caused this selloff in the u.s. as a combination of factors at play wages have risen stronger than expected stoking fears of rising inflation that will drive interest rates up and it was cheap money that has been driving the stock market rally of recent years also a rise in rates makes safe assets like government bonds more attractive so investors move out of stocks and into bombs also automated trading orders are triggered when certain indicators for two preprogrammed level and these sell offs trigger other sell orders it s a computer driven domino effect and it works within seconds around the globe now let s cross over to our financial correspondent danielle corp in frank ....
Time the country leaves the e.u. it says breaks it will take place at eleven p.m. local time on march twenty ninth two thousand and nineteen may says the motion shows the government s determination to see the bricks and process through germany s largest industry association the p.d.i. however said a comprehensive deal will take years to complete its warned the german companies or want to german companies to prepare for the scenario of britain leaving the e.u. with out a deal. and that is more and more likely michelle by a needy use chiva break sick negotiator just said that there needs to be substantial progress on the brakes a bill over the next two weeks if not future talks could not address the future relationship between britain and the e.u. and that would mean a hard breaks it is almost inevitable and that is something i would like to discuss with danielle corp our man in frankfurt. so we now know that britain will ....