as you can see here, the rate of inflation in the uk has remained stubbornly high over the last few months adding pressure on the bank of england to raise interest rates again when it meets tomorrow. they re likely to be concerned that core inflation which excludes volatile food and energy prices actually rose hitting 7.1%. that s the highest rate since march 1992. bear in mind, the bank of england s target for inflation is 2% and its been falling in other countries. here s the uk finance ministerjeremy hunt. we don t have the clip at the moment. yael selfin is chief uk economist at the business consultancy kpmg and joins us from london. we heard from jeremy hunt earlier and he said it is a surprise, and it is one of their targets to get inflation down, but it is proving to be harder to do and easier to say. it is proving tricky and there are a number of reasons, one of which is we have a very tight labour market, tighter than in other economies, especially in europe,
helped him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions at one of america s biggest employers is sure to capture headlines and set up a robust argument about worker protections. now, for its part, amazon has been criticised for the conditions its warehouse workers face in facilities all over the world. it s already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionise its workforce. now, in response to mr sanders letter, amazon strongly disagrees. it says it has been able to reduce injuries across their us operation, and has invested more than $1 billion into safety initiatives over the last four years. meanwhile, indian prime minister narendra modi has arrived in the united states for a state visit. he earlier chatted with tesla s boss elon musk in new york, who said the ev maker will try to be in india very soon.
Merger and acquisition deals are mainly dominated by foreign players in Vietnam. However, more local firms have stepped up their dealmaking activities. Binh Le Vandekerckove, CEO and head of M&A of ASART, shared with VIR’s Thanh Van the current trends.
Southeast Asian firms have raised about $101 million via IPOs in the U.S. so far this year, way below last year s $919 million, but bankers expect the pace to pick up over the next 12 months as companies hunt for new sources of capital after relying on private funds for the last few years.
Domestic firms continued to lead the absorption in April-June2023 and H1 2023, accounting for a share of 43% and 46%, respectively, mainly led by flexible space operators, technology corporates and BFSI firms according to a report by CBRE. The report points out that office leasing increased by 12% Q-o-Q and touched 13.9 mn. sq. ft. during the April-June23 period.